Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
VOC Energy Trust reported first quarterly payment period ended March 31, 2024 results: revenue $8,076,227, net income $3,060,000, EPS $0.18.
- Period
- first quarterly payment period ended March 31, 2024
- Revenue
- $8,076,227
- Net income
- $3,060,000
- EPS
- $0.18
- Result
- reported results
Exact text from the filing
VOC Energy Trust (NYSE Symbol — VOC) announced the Trust distribution of net profits for the first quarterly payment period ended March 31, 2024. Unitholders of record on April 30, 2024 will receive a distribution amounting to $3,060,000 or $0.18 per unit, payable May 15, 2024. Volumes, average sales prices and net profits for the payment period were: Sales volumes: Oil (Bbl) 110,534 Natural gas (Mcf) 64,808 Total (BOE) 121,335 Average sales prices: Oil (per Bbl) $ 71.25 Natural gas (per Mcf) $ 3.10 Gross proceeds: Oil sales $ 7,875,193 Natural gas sales 201,034 Total gross proceeds $ 8,076,227 Costs: Lease operating expenses $ 3,312,352 Production and property taxes 183,728 Development expenses 358,318 Total costs $ 3,854,398 Net proceeds $ 4,221,829 Percentage applicable to Trust’s Net Profits Interest 80 % Net profits interest $ 3,377,463 Increase in cash reserve held by VOC Brazos Energy Partners, L.P. 0 Total cash proceeds available for the Trust $ 3,377,463 Provision for current
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