MV Oil Trust Announces Trust Fourth Quarter Distribution
MV Oil Trust (NYSE: MVO) has announced its distribution of net profits for Q4 2024. Unitholders of record on January 16, 2025, will receive a distribution of $2,760,000, equivalent to $0.240 per unit, payable on January 24, 2025.
The Trust reported key metrics for the payment period: total volume of 144,095 BOE at an average price of $65.89 per BOE, resulting in gross proceeds of $9,493,787. After costs of $5,752,860, net profits were $3,740,927. The Trust's 80% net profits interest amounted to $2,992,742. After accounting for estimated Trust expenses of $232,742, the final distribution amount was set at $2,760,000.
MV Oil Trust (NYSE: MVO) ha annunciato la distribuzione dei profitti netti per il quarto trimestre 2024. Gli unitholder registrati al 16 gennaio 2025 riceveranno una distribuzione di $2.760.000, equivalente a $0,240 per unità, pagabile il 24 gennaio 2025.
Il Trust ha riportato metriche chiave per il periodo di pagamento: volume totale di 144.095 BOE a un prezzo medio di $65,89 per BOE, con un ricavo lordo di $9.493.787. Dopo costi di $5.752.860, i profitti netti ammontano a $3.740.927. L'interesse sui profitti netti dell'80% del Trust è pari a $2.992.742. Tenendo conto delle spese stimate del Trust di $232.742, l'importo finale della distribuzione è stato fissato a $2.760.000.
MV Oil Trust (NYSE: MVO) ha anunciado su distribución de beneficios netos para el cuarto trimestre de 2024. Los tenedores de unidades registrados el 16 de enero de 2025 recibirán una distribución de $2,760,000, equivalente a $0.240 por unidad, pagadera el 24 de enero de 2025.
El Trust reportó métricas clave para el período de pago: volumen total de 144,095 BOE a un precio promedio de $65.89 por BOE, resultando en ingresos brutos de $9,493,787. Después de costos de $5,752,860, los beneficios netos fueron de $3,740,927. El interés del Trust por el 80% de los beneficios netos ascendió a $2,992,742. Tras tener en cuenta los gastos estimados del Trust de $232,742, el monto final de la distribución se fijó en $2,760,000.
MV 오일 신탁 (NYSE: MVO)가 2024년 4분기 순이익 배당을 발표했습니다. 2025년 1월 16일 기준 주주는 $2,760,000의 배당금을 받을 예정이며, 이는 단위당 $0.240에 해당하며 2025년 1월 24일에 지급됩니다.
신탁은 지급 기간 동안의 주요 지표를 보고했습니다: 총 볼륨 144,095 BOE에 평균 가격 $65.89 per BOE, 총 반영 금액은 $9,493,787입니다. 비용 $5,752,860를 제외한 순이익은 $3,740,927이었습니다. 신탁의 80% 순이익 지분은 $2,992,742에 달했습니다. 신탁 예상 비용 $232,742를 고려한 후 최종 배당금은 $2,760,000으로 설정되었습니다.
MV Oil Trust (NYSE: MVO) a annoncé sa distribution de bénéfices nets pour le quatrième trimestre 2024. Les porteurs d'unités enregistrés le 16 janvier 2025 recevront une distribution de 2 760 000 $, équivalente à 0,240 $ par unité, payable le 24 janvier 2025.
Le Trust a rapporté des indicateurs clés pour la période de paiement : un volume total de 144 095 BOE à un prix moyen de 65,89 $ par BOE, ce qui a donné des recettes brutes de 9 493 787 $. Après des coûts de 5 752 860 $, les bénéfices nets s'élevaient à 3 740 927 $. La part d'intérêts des bénéfices nets du Trust de 80 % s'élevait à 2 992 742 $. Après avoir pris en compte les dépenses estimées du Trust de 232 742 $, le montant final de la distribution a été fixé à 2 760 000 $.
MV Oil Trust (NYSE: MVO) hat die Verteilung seines Nettogewinns für das vierte Quartal 2024 bekannt gegeben. Die Unitholder, die am 16. Januar 2025 registriert sind, erhalten eine Verteilung von $2.760.000, was $0,240 pro Einheit entspricht und am 24. Januar 2025 zahlbar ist.
Der Trust berichtete über wesentliche Kennzahlen für den Zahlungszeitraum: ein Gesamtvolumen von 144.095 BOE zu einem Durchschnittspreis von $65,89 pro BOE, was zu Bruttoeinnahmen von $9.493.787 führte. Nach Kosten von $5.752.860 betrugen die Nettogewinne $3.740.927. Der Nettogewinnanteil des Trusts von 80% belief sich auf $2.992.742. Nach Berücksichtigung der geschätzten Kosten des Trusts in Höhe von $232.742 wurde der endgültige Verteilungsbetrag auf $2.760.000 festgelegt.
- Profitable quarter with $3.74M in net profits
- Strong average price of $65.89 per BOE
- Gross proceeds of $9.49M from operations
- Distribution of $0.24 per unit to shareholders
- High operational costs of $5.75M representing 60.6% of gross proceeds
- Trust expenses of $232,742 reducing distributable cash
Insights
The latest quarterly distribution from MV Oil Trust reveals key operational metrics that warrant attention. The trust will distribute
The average realized price of
Of particular interest is the absence of capital expenditure reserves by MV Partners, suggesting minimal anticipated maintenance or development costs in the near term. The trust's administrative expenses of
For retail investors, it's important to understand that as a royalty trust, MVO's distributions directly reflect commodity prices and production levels, making it a pure-play energy income vehicle. The current distribution level, while subject to market volatility, provides unitholders with direct exposure to energy commodity prices and production economics.
Unitholders of record on January 16, 2025 will receive a distribution amounting to
Volumes, average price and net profits for the payment period were:
Volume (BOE) |
|
|
144,095 |
|
Average price (per BOE) |
|
$ |
65.89 |
|
Gross proceeds |
|
$ |
9,493,787 |
|
Costs |
|
$ |
5,752,860 |
|
Net profits |
|
$ |
3,740,927 |
|
Percentage applicable to Trust’s |
|
|
||
Net profits interest |
|
$ |
2,992,742 |
|
MV Partners reserve for capital expenditures |
|
$ |
-- |
|
Total cash proceeds available for the Trust |
|
$ |
2,992,742 |
|
Provision for current estimated Trust expenses |
|
$ |
(232,742 |
) |
Net cash proceeds available for distribution |
|
$ |
2,760,000 |
|
This press release contains forward-looking statements. Although MV Partners, LLC (“MV Partners”) has advised the Trust that MV Partners believes that the expectations contained in this press release are reasonable, no assurances can be given that such expectations will prove to be correct. The announced distributable amount is based on the amount of cash received or expected to be received by the Trustee from the underlying properties on or prior to the record date with respect to the quarter ended December 31, 2024. Any differences in actual cash receipts by the Trust could affect this distributable amount. Other important factors that could cause these statements to differ materially include the actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, the ability of commodity purchasers to make payment, actions by the members of the Organization of Petroleum Exporting Countries, and other risk factors described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2023 filed with the Securities and Exchange Commission. Statements made in this press release are qualified by the cautionary statements made in these risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250106482447/en/
MV Oil Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Elaina Rodgers
713-483-6020
601 Travis Street, Floor 16,
Source: MV Oil Trust
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