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MV Oil Trust (MVO)·Q3 2025 Earnings Summary

Executive Summary

  • Q3 2025 distributable cash was $2.3575M and $0.205 per unit, driven by 142,501 BOE at an average realized price of $62.08; sequentially higher than Q2 ($2.1275M, $0.185/unit) but lower year over year vs Q3 2024 ($3.795M, $0.330/unit) .
  • Gross proceeds were $8.846M with costs of $5.629M, yielding net profits of $3.218M and no reserve for capital expenditures; Trust expenses were $216,653, resulting in net cash distribution of $2.3575M .
  • No earnings call transcript or forward guidance was issued; the 8‑K furnished the distribution press release and reiterated standard risk factors without incremental operational commentary .
  • With no Street estimates coverage and no guidance, narrative is driven by realized pricing, volumes and declared distributions; the record date was Oct 15, payable Oct 24, serving as near‑term catalysts for income‑focused holders .

What Went Well and What Went Wrong

What Went Well

  • Sequential improvement: distribution rose to $0.205 per unit from $0.185 in Q2; net cash available increased to $2.3575M from $2.1275M .
  • Realized pricing improved quarter over quarter to $62.08 per BOE from $59.82, lifting gross proceeds to $8.846M from $8.676M and net profits to $3.218M from $2.950M .
  • Full pass‑through of net profits interest: “MV Partners reserve for capital expenditures, $ --” indicating no capex reserve taken for the quarter .

Quote: “Unitholders of record on October 15, 2025 will receive a distribution amounting to $2,357,500 or $0.205 per unit payable October 24, 2025.”

What Went Wrong

  • Year‑over‑year pressure: distribution fell to $0.205 from $0.330 per unit and net cash to $2.3575M from $3.795M, reflecting lower realized prices and net profits vs Q3 2024 .
  • Realized price dropped YoY to $62.08 from $73.90 per BOE; volumes also declined to 142,501 BOE from 149,086 BOE .
  • Net profits decreased YoY to $3.218M from $5.060M as gross proceeds compressed to $8.846M from $11.018M despite lower cost base .

Financial Results

Note: MV Oil Trust does not publish conventional revenue/EPS/margin metrics in quarterly distribution releases; tables below reflect distribution and net‑profit waterfall metrics disclosed.

MetricQ3 2024Q1 2025Q2 2025Q3 2025
Distribution per unit ($USD)$0.330 $0.275 $0.185 $0.205
Net cash proceeds available for distribution ($USD)$3,795,000 $3,162,500 $2,127,500 $2,357,500
Volume (BOE)149,086 140,509 145,027 142,501
Average price per BOE ($USD)$73.90 $67.77 $59.82 $62.08
Net‑Profit Waterfall ($USD)Q3 2024Q1 2025Q2 2025Q3 2025
Gross proceeds$11,017,675 $9,521,619 $8,675,538 $8,846,255
Costs$5,957,766 $5,296,614 $5,725,946 $5,628,563
Net profits$5,059,909 $4,225,005 $2,949,592 $3,217,692
Trust’s 80% net profits interest$4,047,927 $3,380,004 $2,359,674 $2,574,153
Provision for Trust expenses($252,927) ($217,504) ($232,174) ($216,653)
Net cash distribution$3,795,000 $3,162,500 $2,127,500 $2,357,500

Guidance Changes

MetricPeriodPrevious GuidanceCurrent GuidanceChange
Declared distribution (per unit)Q3 2025N/A$0.205 per unit (record: Oct 15; payable: Oct 24) N/A

No financial or operational guidance ranges were issued; the 8‑K furnished only the distribution press release without forward guidance .

Earnings Call Themes & Trends

No earnings call transcript was available for Q3 2025; the Trust’s disclosure this quarter consisted of the distribution 8‑K and press release .

TopicPrevious Mentions (Q2 2025)Previous Mentions (Q1 2025)Current Period (Q3 2025)Trend
AI/technology initiativesNot discussed Not discussed Not discussed No change
Supply chainNot discussed Not discussed Not discussed No change
Tariffs/macroGeneric commodity/OPEC risk factors only Generic commodity/OPEC risk factors only Generic commodity/OPEC risk factors only No change
Product/performanceDistribution, pricing, volumes disclosed Distribution, pricing, volumes disclosed Distribution, pricing, volumes disclosed Stable disclosure format
Regulatory/legalRisk factors referenced to 10‑K Risk factors referenced to 10‑K Risk factors referenced to 10‑K No change

Management Commentary

  • The Trustee announced: “Unitholders of record on October 15, 2025 will receive a distribution amounting to $2,357,500 or $0.205 per unit payable October 24, 2025.”
  • Standard cautionary statement: forward‑looking statements are subject to risks including drilling results, production risks, purchaser payment ability, OPEC actions, and other risk factors in the 2024 Form 10‑K; the Trust does not intend to update statements in the release .

Q&A Highlights

No Q&A section—no earnings call transcript was furnished this quarter; disclosures were limited to the distribution press release and 8‑K furnishing of the same .

Estimates Context

  • Sell‑side consensus estimates were not available for EPS, revenue, or target price for Q3 2025 via S&P Global; therefore, no beat/miss analysis versus Street estimates is possible for this Trust this quarter. Values retrieved from S&P Global.*
Metric (Q3 2025)ConsensusActual
Primary EPS Consensus MeanUnavailable*N/A (not reported in release)
Revenue Consensus MeanUnavailable*N/A (not reported in release)
Target Price Consensus MeanUnavailable*N/A

Key Takeaways for Investors

  • Sequential recovery: distribution per unit increased to $0.205 and net cash to $2.3575M vs Q2’s $0.185 and $2.1275M on higher realized pricing and improved net profits .
  • Year‑over‑year softness persists: realized price fell to $62.08 per BOE from $73.90, with volumes down to 142,501 BOE from 149,086 BOE, compressing net profits and distribution vs Q3 2024 .
  • No capex reserve taken, allowing full pass‑through of the 80% net profits interest to the Trust, supporting distributable cash this quarter .
  • Near‑term catalysts are distribution record (Oct 15) and payable (Oct 24) dates; absent guidance or a call, future distributions will hinge on commodity pricing and volumes .
  • Disclosure cadence remains standardized: quarterly distribution press releases furnished via 8‑K with risk‑factor reminders; no incremental strategic updates were provided .
  • For trend monitoring, track realized prices and volumes: Q1 ($67.77; 140,509 BOE), Q2 ($59.82; 145,027 BOE), Q3 ($62.08; 142,501 BOE) and associated net‑profit waterfall outcomes .