VOC Energy Trust reported its financial results for the second quarter and first half of 2025, revealing a decline in both revenue and profitability compared to the same periods in 2024. For the three months ended June 30, 2025, the Trust generated income from net profits interest of $2.48 million, down from $3.38 million in the prior year, marking a decrease of 26.4%. Similarly, for the six-month period, income fell to $4.38 million from $6.98 million, a decline of 37.2%. The Trust's total gross proceeds from oil and natural gas sales were $7.81 million for the second quarter, a decrease of 3.3% from $8.08 million in 2024, and $15.37 million for the first half, down 13.5% from $17.77 million.
The Trust's financial performance was impacted by lower sales volumes and prices for oil and natural gas. Average oil prices decreased by 2.7% to $69.32 per barrel in the second quarter, while natural gas prices increased by 15.2% to $3.57 per Mcf. Sales volumes for oil and natural gas also saw declines, with oil sales at 109,667 barrels, down 0.8%, and natural gas sales at 58,971 Mcf, down 9.0% compared to the same quarter in 2024. The first half of 2025 saw oil sales volumes decrease by 3.6% to 218,825 barrels and natural gas sales down 5.4% to 125,569 Mcf.
Operationally, the Trust's total assets decreased to $11.09 million as of June 30, 2025, from $11.87 million at the end of 2024. The Trust's corpus also declined, reflecting the reduced income and distributions. The Trust made cash distributions of $2.21 million in the second quarter of 2025, down from $3.06 million in the same quarter of 2024. The total cash and cash equivalents held by the Trust increased slightly to $1.85 million, which includes a cash reserve of $1 million for future expenses.
Looking ahead, VOC Energy Trust's management indicated that while the underlying properties are located in mature fields, they do not expect significant changes in future costs compared to recent historical levels. The Trust continues to rely on VOC Brazos Energy Partners for its operational data and cash flows, and it has established a cash reserve to mitigate the impact of uneven capital expenditure timing. The Trust's forward-looking statements caution that actual results may differ due to various market conditions and operational factors. The next distribution is scheduled for August 14, 2025, amounting to $1.87 million, or $0.11 per Trust Unit, based on the net profits for the quarter ending June 30, 2025.
About VOC Energy Trust
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