MV Oil Trust Announces Trust Third Quarter Distribution
MV Oil Trust (NYSE: MVO) has announced its distribution of net profits for the third quarter of 2024. Unitholders of record on October 15, 2024, will receive a distribution of $3,795,000, or $0.330 per unit, payable on October 25, 2024. The Trust reported the following key figures for the payment period:
- Volume: 149,086 BOE
- Average price: $73.90 per BOE
- Gross proceeds: $11,017,675
- Costs: $5,957,766
- Net profits: $5,059,909
The Trust's 80% Net profits interest amounted to $4,047,927. After accounting for estimated Trust expenses of $252,927, the net cash proceeds available for distribution totaled $3,795,000.
Il MV Oil Trust (NYSE: MVO) ha annunciato la distribuzione dei profitti netti per il terzo trimestre del 2024. I titolari di quote registrati il 15 ottobre 2024 riceveranno una distribuzione di $3,795,000, ovvero $0.330 per quota, pagabile il 25 ottobre 2024. Il Trust ha riportato i seguenti dati chiave per il periodo di pagamento:
- Volume: 149,086 BOE
- Prezzo medio: $73.90 per BOE
- Proventi lordi: $11,017,675
- Costi: $5,957,766
- Profitti netti: $5,059,909
Il 80% dell'interesse sui profitti netti del Trust ammonta a $4,047,927. Dopo aver considerato le spese stimate del Trust di $252,927, i proventi netti disponibili per la distribuzione ammontano a $3,795,000.
MV Oil Trust (NYSE: MVO) ha anunciado su distribución de ganancias netas para el tercer trimestre de 2024. Los tenedores de unidades que se registraron el 15 de octubre de 2024 recibirán una distribución de $3,795,000, o $0.330 por unidad, pagadera el 25 de octubre de 2024. El Trust informó las siguientes cifras clave para el período de pago:
- Volumen: 149,086 BOE
- Precio promedio: $73.90 por BOE
- Ingresos brutos: $11,017,675
- Costos: $5,957,766
- Ganancias netas: $5,059,909
El interés del 80% en las ganancias netas del Trust ascendió a $4,047,927. Tras tener en cuenta los gastos estimados del Trust de $252,927, los fondos netos disponibles para la distribución totalizan $3,795,000.
MV Oil Trust (NYSE: MVO)는 2024년 3분기 순익 배당을 발표했습니다. 2024년 10월 15일 기록된 단위 보유자들은 $3,795,000, 즉 단위당 $0.330의 배당금을 2024년 10월 25일에 지급받습니다. 신탁은 지급 기간 동안 다음 주요 수치를 보고했습니다:
- 볼륨: 149,086 BOE
- 평균 가격: $73.90 per BOE
- 총 수익: $11,017,675
- 비용: $5,957,766
- 순익: $5,059,909
신탁의 80% 순익 이자액은 $4,047,927에 달했습니다. 신탁 추정 비용인 $252,927을 고려한 후, 배당 가능한 순 현금 수익은 총 $3,795,000입니다.
Le MV Oil Trust (NYSE: MVO) a annoncé sa distribution des bénéfices nets pour le troisième trimestre de 2024. Les détenteurs de parts enregistrés le 15 octobre 2024 recevront une distribution de 3,795,000 $, soit 0,330 $ par part, payable le 25 octobre 2024. Le Trust a signalé les chiffres clés suivants pour la période de paiement :
- Volume : 149,086 BOE
- Prix moyen : 73,90 $ par BOE
- Produits bruts : 11,017,675 $
- Coûts : 5,957,766 $
- Bénéfices nets : 5,059,909 $
L'intérêt de 80 % sur les bénéfices nets du Trust s'élevait à 4,047,927 $. Après avoir pris en compte les dépenses estimées du Trust s'élevant à 252,927 $, les produits nets disponibles pour distribution s'élevaient à 3,795,000 $.
Der MV Oil Trust (NYSE: MVO) hat seine Verteilung der Nettogewinne für das dritte Quartal 2024 bekannt gegeben. Anteilseigner, die am 15. Oktober 2024 im Aktienregister stehen, erhalten eine Verteilung von $3,795,000, oder $0.330 pro Anteil, zahlbar am 25. Oktober 2024. Der Trust berichtete über die folgenden wichtigen Kennzahlen für den Zahlungszeitraum:
- Volumen: 149,086 BOE
- Durchschnittspreis: $73.90 pro BOE
- Bruttoeinnahmen: $11,017,675
- Kosten: $5,957,766
- Nettogewinne: $5,059,909
Der Nettogewinnanteil des Trusts betrug 80% und belief sich auf $4,047,927. Nach Berücksichtigung der geschätzten Trust-Kosten in Höhe von $252,927 betrugen die verfügbaren Nettokasseneinnahmen zur Verteilung insgesamt $3,795,000.
- Distribution of $0.330 per unit to unitholders
- Gross proceeds of $11,017,675 for the quarter
- Net profits of $5,059,909
- Average price of $73.90 per BOE
- Costs of $5,957,766 reducing net profits
- Estimated Trust expenses of $252,927 reducing available cash for distribution
Unitholders of record on October 15, 2024 will receive a distribution amounting to
Volumes, average price and net profits for the payment period were:
Volume (BOE) |
|
149,086 |
|
|
Average price (per BOE) |
|
$ |
73.90 |
|
Gross proceeds |
|
$ |
11,017,675 |
|
Costs |
|
$ |
5,957,766 |
|
Net profits |
|
$ |
5,059,909 |
|
Percentage applicable to Trust’s |
|
|
|
|
Net profits interest |
|
$ |
4,047,927 |
|
MV Partners reserve for capital expenditures |
|
$ |
-- |
|
Total cash proceeds available for the Trust |
|
$ |
4,047,927 |
|
Provision for current estimated Trust expenses |
|
$ |
(252,927 |
) |
Net cash proceeds available for distribution |
|
$ |
3,795,000 |
|
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 September 30, 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/20241004377376/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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