No distribution for Jan 2026; whistleblower suit proceeds; trust dissolved, winding up delayed

Pacific Coast Oil Trust

No cash distribution for January 2026; cumulative net profits deficit for Developed Properties increased to ~$11.8M.
Whistleblower lawsuit (Potyondy v. PCEC) alleging false data to trustee continues; court denied PCEC's motion to dismiss.
Trustee investigating whistleblower allegations, delaying marketing of trust assets and filing of comprehensive annual report.
Trust owes PCEC ~$12.8M; letter of credit fully drawn; likelihood of future distributions extremely remote.
Arbitration final award: trust dissolved; trustee duties limited to winding up; PCEC allowed to deduct legal fees.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Pacific Coast Oil Trust reported January 2026 results: revenue approximately $2.0 million.

Period: January 2026
Revenue: approximately $2.0 million
Result: reported results

Exact text from the filing

The Current Month’s distribution calculation for the Developed Properties reflected operating income of approximately $182,000, as revenues from the Developed Properties were approximately $2.0 million, lease operating expenses including production taxes were approximately $1.8 million, and development costs were approximately $0.

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Source: SEC EDGAR

accession 0001104659-26-036825

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