MV Oil Trust

MV Oil Trust, a statutory trust holding an 80% term net profits interest in MV Partners' oil and natural gas properties in Kansas and Colorado, reported income from net profits interest of $11,306,573 for the year ended December 31, 2025, down 39.1% from $18,575,409 in 2024 and slightly up 2.9% from $18,068,559 in 2023. Distributable income was $10,407,500 or $0.905 per Trust Unit (11,500,000 units outstanding), a 41.0% decline from $17,652,500 or $1.535 per unit in 2024, after general and administrative expenses of $1,012,363, including $126,411 to MV Partners and $150,000 to the Trustee. The excess of revenues over direct operating expenses and lease costs was $14,133,216 before the 80% carve-out, reflecting lower production values amid declining reserves. Trust corpus ended at $2,260,841, down from $3,865,849, with cash equivalents at $1,168,106. Proved reserves attributable to the Trust fell to 210,602 Boe from 618,704 Boe, all proved developed. The net profits interest terminates June 30, 2026, after cumulative production exceeded 14.4 MMBoe threshold (Trust share 11.5 MMBoe), with final distribution around July 24, 2026, followed by dissolution and unit cancellation.

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