Mv Oil Trust Stock Price, News & Analysis

MV Oil Trust (MVO) is a statutory trust whose units of beneficial interest trade on the New York Stock Exchange under the symbol MVO, as disclosed in its current reports on Form 8-K. The Trust’s underlying properties consist of MV Partners, LLC’s net interests in its oil and natural gas properties in the Mid-Continent region of the United States, specifically in the states of Kansas and Colorado. These underlying properties include producing oil and gas wells, and the Trust’s economic interest is based on an 80% net profits interest in those properties, as described in its public communications.

According to the Trust’s description, MV Oil Trust does not operate oil and gas properties itself. Instead, it exists to hold a net profits interest in MV Partners’ oil and natural gas properties and to distribute the net proceeds attributable to that interest to its unitholders. The Trust receives cash based on net profits from the sale of production from the underlying wells, after deduction of specified costs and a provision for estimated Trust expenses, and then makes quarterly cash distributions to unitholders of record, as reflected in multiple distribution press releases furnished on Form 8-K.

The Trust’s public reports emphasize that the underlying properties are located in the Mid-Continent region in Kansas and Colorado and that the cash available for distribution in each period depends on volumes of production, realized prices per barrel of oil equivalent (BOE), operating costs and the Trust’s expenses. Quarterly press releases detail volumes in BOE, average prices, gross proceeds, costs, net profits, the portion applicable to the Trust’s 80% net profits interest, and the resulting cash available for distribution after a provision for estimated Trust expenses.

Business structure and purpose

MV Oil Trust is structured to pass through to unitholders the net profits from MV Partners’ interests in producing oil and gas wells. The Trust’s filings and press releases focus on the calculation of net profits and the resulting distributions rather than on exploration or development activities. MV Partners remains responsible for operating the underlying properties, while the Trust’s role is to receive its share of net profits and administer distributions to unitholders.

The Trust’s current reports on Form 8-K identify its listed security as “Units of Beneficial Interest” and confirm that these units are registered under Section 12(b) of the Securities Exchange Act of 1934 and listed on the New York Stock Exchange. The Trust has also filed annual reports on Form 10-K, as noted in press releases announcing the filing of its annual reports for years ended December 31, 2023 and December 31, 2024.

Termination of the net profits interest and Trust

In a press release furnished as an exhibit to a Form 8-K dated January 6, 2026, MV Oil Trust states that the net profits interest will terminate on June 30, 2026 (the “Termination Date”) because the minimum amount of production applicable to the net profits interest has been produced and sold. The Trust explains that the minimum amount is 14.4 million barrels of oil equivalent (MMBoe) for the underlying properties, which is equivalent to 11.5 MMBoe with respect to the Trust’s net profits interest. After June 30, 2026, the Trust will not be entitled to any net proceeds that MV Partners receives from the sale of production from the underlying properties.

The same press release states that the Trustee will make a final quarterly cash distribution, if any, on or about July 24, 2026 to Trust unitholders of record on the 15th day following June 30, 2026. The Trust units are expected to be cancelled shortly after that final distribution. The Trust further explains that it will dissolve and commence winding up its business and affairs after the Termination Date and, once the Trust winds up and terminates, it will pay no further distributions.

MV Oil Trust cautions that the market price of the Trust units will decline to zero at the termination of the Trust, which will occur after the termination of the net profits interest. The Trust also notes that the market price of the units may not reflect the value of the net profits interest and that, over time, the price will decline to zero around or shortly after the Termination Date, referring investors to a risk factor in its Annual Report on Form 10-K for the fiscal year ended December 31, 2024.

Potential delisting and trading venue changes

In the same January 6, 2026 press release, MV Oil Trust discusses the continued listing requirements of the New York Stock Exchange. Under NYSE rules, a company is considered out of compliance with the minimum price requirement if its average closing price over a consecutive 30-trading-day period is less than $1.00. The Trust explains that, due to the nature of the Trust and the limited powers of the Trustee, if the Trust units were to fall below this minimum price requirement, the Trust does not expect to be able to demonstrate an intention to cure any such deficiency.

The Trust reports that, in that event, the NYSE has indicated it would initiate the delisting process for the Trust units promptly after delivering a deficiency notice, without providing a cure period. If the Trust units are delisted by the NYSE, the Trust expects that the units would be transferred to the over-the-counter (OTC) market. The Trust notes that the OTC market is a more limited market than the NYSE and that such a transfer could affect the market price, trading volume, liquidity and resale price of the units. It also observes that securities trading on OTC markets typically experience more volatility than those trading on a national securities exchange.

MV Oil Trust indicates that, due to the expected decline in the trading price of the Trust units prior to the Termination Date, it may be unable to maintain compliance with the NYSE minimum price requirement and could become subject to NYSE delisting procedures before June 30, 2026.

Regulatory reporting and disclosures

MV Oil Trust files periodic and current reports with the U.S. Securities and Exchange Commission. The Trust’s current reports on Form 8-K dated July 3, 2025, October 3, 2025 and January 6, 2026 each describe the issuance of a press release announcing the Trust’s quarterly distribution for the relevant payment period. In each case, the press release is furnished as an exhibit and is incorporated by reference into the Form 8-K. The Trust notes that these press releases are furnished, not filed, for purposes of Section 18 of the Securities Exchange Act of 1934.

In press releases dated March 20, 2024 and March 20, 2025, MV Oil Trust reports that it filed its Annual Report on Form 10-K for the years ended December 31, 2023 and December 31, 2024, respectively, with the SEC. These press releases explain that the Annual Report on Form 10-K is available in the “SEC Filings” section of the Trust’s website as well as on the SEC’s website. The Trust also notes that unitholders may request a printed copy of the Annual Report on Form 10-K, which includes audited financial statements, free of charge by submitting a written request to the Trustee.

Distribution reporting and key metrics

The Trust’s distribution press releases provide detailed metrics for each quarterly payment period, including production volumes in BOE, average price per BOE, gross proceeds, costs, net profits, the portion of net profits applicable to the Trust’s 80% net profits interest, any reserve for capital expenditures by MV Partners, total cash proceeds available for the Trust, provision for current estimated Trust expenses and net cash proceeds available for distribution. These disclosures illustrate how the Trust calculates the amount available for quarterly distributions to unitholders.

For example, in distribution announcements for payment periods ended March 31, June 30, September 30 and December 31 of various years, the Trust reports the production volumes and average prices per BOE, along with the resulting gross proceeds and costs. The Trust then shows the net profits and the share attributable to its 80% net profits interest, before deducting a provision for estimated Trust expenses to arrive at the net cash proceeds available for distribution. These periodic disclosures help unitholders understand the relationship between commodity prices, production volumes, costs and the distributions they receive.

Status and investment profile

MV Oil Trust operates in the crude petroleum and natural gas extraction industry within the broader mining, quarrying, and oil and gas extraction sector. Its focus is on holding a net profits interest in producing oil and gas properties in Kansas and Colorado and distributing the resulting net cash flows to unitholders, rather than on operating or expanding oil and gas assets directly. The Trust’s own disclosures highlight that its life is finite and tied to the production threshold and termination provisions of the net profits interest, with the Termination Date set at June 30, 2026 and an expected winding up and cancellation of units shortly thereafter.

Because the Trust has a defined termination mechanism and has publicly stated that the market price of its units will decline to zero at or shortly after termination, MV Oil Trust presents a different profile from an operating oil and gas company with ongoing exploration and development activities. Investors and researchers reviewing MVO should consider the Trust’s finite life, the production threshold already achieved, the scheduled termination of the net profits interest and the potential for NYSE delisting as described in its press releases and SEC filings.