---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-052944"
form_type: "8-K"
ticker: null
cik: "0001538822"
company_name: "Pacific Coast Oil Trust"
filed_at: "2026-04-30T23:59:59+00:00"
generated_at: "2026-05-15T00:46:27.993316+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-052944
- form_type: 8-K
- cik: 0001538822
- company_name: Pacific Coast Oil Trust
- filed_at: 2026-04-30T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1538822/000110465926052944/0001104659-26-052944-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1538822/000110465926052944/tm2613240d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-052944
- JSON: https://secwatch.observer/filing/0001104659-26-052944.json
- Plain text: https://secwatch.observer/filing/0001104659-26-052944.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1538822/000110465926052944/0001104659-26-052944-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.