VOC Energy Trust
VOC
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 601 Travis Street Houston TX United States of America 77002
- IPO Date
- May 6, 2011
- CIK
- 0001505413
- Website
- voc.q4web.com
- Similar Companies
- Business
- VOC Energy Trust (NYSE: VOC) is a Delaware statutory trust that acquires, holds and administers term net profits interests in oil and natural gas properties located in Kansas and Texas. The trust receives 80% of the net proceeds derived from the sale of production from 452.5 net producing wells across 51,147.2 net acres in these states, encompassing crude oil, natural gas and natural gas liquids, with properties operated by Vess Oil Corporation, Murfin Drilling Company, Inc., and affiliates. Quarterly distributions of available cash, net of administrative expenses handled by the trustee, are paid directly to unitholders, reflecting fluctuations in production volumes, commodity prices and operating costs; trust units are publicly traded and appeal to income-seeking investors. Established on November 3, 2010, with an initial public offering in May 2011 that raised approximately $190 million, the trust is administered by Argent Trust Company (as of end-2024), with prior oversight by The Bank of New York Mellon Trust Company, N.A., and maintains administrative operations in Houston, Texas. The trust's finite life terminates no later than December 31, 2030, or upon cumulative production reaching 8.4 million barrels of oil equivalent, with end-2024 production estimated at over 7.5 million barrels of oil equivalent. Recent developments include moderated quarterly distributions amid declining production and commodity prices, with 2024 full-year distributable income of $12.41 million (down 18.44% from 2023) yielding $0.73 per unit, and a Q1 2025 distribution of $0.13 per unit payable May 15, 2025. Revenues fell 17.24% to $13.62 million in 2024 due to lower oil and natural gas sales volumes and softer natural gas prices, continuing a post-2022 energy price rally trend. No major acquisitions, partnerships, funding rounds, new product launches or structural changes were reported in 2024-2025, as the trust's passive structure prioritizes net profits distribution over operational expansion.