No distribution for Feb 2026; net profits deficit rises to $12.1M; Trust dissolution proceeding

Pacific Coast Oil Trust

No cash distribution for February 2026; Developed Properties operating loss of $39,000 on revenue of $1.7M.
Cumulative net profits deficit for Developed Properties increased to $12.1M; Remaining Properties deficit to $121,000.
Trust owes PCEC $13.1M; loans and letter of credit fully drawn; no distributions possible until repaid.
Whistleblower retaliation suit against PCEC proceeds but punitive damages barred; Trustee investigating allegations.
Court of Appeals affirmed dismissal of Evergreen derivative claims; Trust dissolved per arbitration panel; winding up to begin.

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 0.7

Pacific Coast Oil Trust reported month ended February 2026 results: revenue approximately $1.7 million.

Period: month ended February 2026
Revenue: approximately $1.7 million
Result: reported results

Exact text from the filing

Month’s distribution calculation for the Developed Properties reflected operating loss of approximately $39,000, as revenues from the Developed Properties were approximately $1.7 million, lease operating expenses including production taxes were approximately $1.7 million, and development costs were approximately $17,000. The average realized price for the

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Source: SEC EDGAR

accession 0001104659-26-052944

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