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MV Oil Trust (MVO) reports quarterly cash distributions from its net profits interest, with releases detailing production volumes in BOE, average realized prices, gross proceeds, costs, net profits, Trust expense provisions and cash available for distribution. The statutory trust was created to acquire and hold the net profits interest for the benefit of Trust unitholders, and its units of beneficial interest trade on the NYSE.
Recurring updates also include Annual Report on Form 10-K notices and risk disclosures about the Trust’s finite life, including the scheduled termination of the net profits interest and related market-price risk for Trust units.
MV Oil Trust (NYSE: MVO) announced a distribution of net profits for the quarter ending September 30, 2022, of $7,877,500, equating to $0.685 per unit. This payment will be distributed on October 25, 2022, to unitholders recorded by October 17, 2022. Key figures include production volume of 163,043 BOE, an average price of $97.16 per BOE, and net profits of $10,253,592. A portion of proceeds will be withheld to build a cash reserve of approximately $1.265 million to manage future expenses.
MV Oil Trust (NYSE: MVO) declared a net profit distribution of $8,050,000 or $0.700 per unit for the quarterly period ending June 30, 2022. Unitholders on record by July 15, 2022 will receive payment on July 25, 2022. The reported volume stood at 158,092 BOE with an average price of $102.11 per BOE. Notably, a cash reserve strategy was initiated to cover future expenses, with $421,668 withheld from this quarter's distribution. The Trust's financials reflect a net profit of $10,843,038.
MV Oil Trust (NYSE: MVO) announced a net profit distribution of $4,887,500, equating to $0.425 per unit, for the first quarterly payment period ending March 31, 2022. The distribution will be paid on April 25, 2022, to unitholders of record as of April 18, 2022. The trust recorded a total volume of 144,512 BOE and an average price of $77.07 per BOE, resulting in gross proceeds of $11,138,205 and net profits of $6,553,256 after costs of $4,584,949. The Trust is also building a cash reserve for future expenses, withholding $105,417 this quarter.
MV Oil Trust (NYSE: MVO) filed its Annual Report on Form 10-K for the year ended December 31, 2021, with the U.S. Securities and Exchange Commission on March 17, 2022. The report includes audited financial statements and is available online on the Trust's website and the SEC's website. Trust unitholders can request a printed copy of the report, free of charge, by contacting the Trustee, The Bank of New York Mellon Trust Company, N.A., in Houston, TX.
MV Oil Trust (NYSE: MVO) announced a quarterly distribution of net profits for Q4 2021, amounting to $4,715,000 or $0.41 per unit, payable on January 25, 2022. The distribution is for unitholders of record as of January 14, 2022. For the payment period, the Trust reported a total volume of 161,030 BOE and gross proceeds of $11,618,783. The net profits amounted to $6,355,851, with costs at $5,262,932. Additionally, a reserve will be created for future expenses, starting with this distribution.
MV Oil Trust (NYSE: MVO) announced a third-quarter distribution of net profits amounting to $4,197,500, equating to $0.365 per unit, payable on October 25, 2021. This payment is for unitholders of record on October 15, 2021. The Trust reported a total volume of 165,777 BOE and gross proceeds of $10,891,023 for the period. Net profits stood at $5,567,322 after costs of $5,323,701. The Trust cautioned that actual cash receipts may differ from expectations due to various risks.
MV Oil Trust (NYSE: MVO) announced its second quarterly distribution of net profits for the period ending June 30, 2021. Unitholders on record as of July 16, 2021, will receive a total distribution of $3,450,000, equivalent to $0.300 per unit, payable on July 23, 2021. For this period, the Trust reported a total volume of 166,357 BOE, an average price of $58.05 per BOE, and net profits of $4,594,878. Notably, gross proceeds stood at $9,657,182 with costs amounting to $5,062,304. The net cash proceeds available for distribution amount to $3,450,000 after accounting for estimated Trust expenses.
MV Oil Trust (NYSE: MVO) announced a distribution of net profits amounting to $2,415,000 or $0.210 per unit for the quarter ending March 31, 2021, payable on April 23, 2021, to unitholders of record as of April 15, 2021.
The Trust reported total volumes of 157,196 BOE at an average price of $47.11 per BOE, leading to gross proceeds of $7,405,502. After accounting for costs of $4,127,535, net profits for the quarter were $3,277,967.
MV Oil Trust (NYSE: MVO) filed its Annual Report on Form 10-K for the year ended December 31, 2020, with the U.S. Securities and Exchange Commission on March 16, 2021. The report contains audited financial statements and is accessible on the Trust's website and the SEC's site. Unitholders can request a printed copy free of charge by contacting Elaina C. Rodgers at The Bank of New York Mellon Trust Company.
MV Oil Trust (NYSE: MVO) announced a net profit distribution of $1,265,000, translating to $0.110 per unit for the fourth quarter ending December 31, 2020. Unitholders of record as of January 15, 2021, will receive this amount on January 25, 2021. During this period, the Trust reported a total volume of 166,749 barrels of oil equivalent (BOE) with an average price of $35.31 per BOE. Gross proceeds were $5,887,465, with costs amounting to $4,229,026, resulting in net profits of $1,658,440.