VOC Energy Trust (VOC) Stock Overview

Acquires and holds a term net profits interest of the net proceeds from production and sale of the interests in oil and natural gas properties in the states of Kansas and Texas. More details

VOC fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	4/6
Financial Health	5/6
Dividends	3/6

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VOC Energy Trust Competitors

Price History & Performance

Summary of share price highs, lows and changes for VOC Energy Trust
Historical stock prices
Current Share Price	US$3.35
52 Week High	US$3.84
52 Week Low	US$2.60
Beta	0.082
1 Month Change	21.82%
3 Month Change	-4.01%
1 Year Change	-2.62%
3 Year Change	-61.23%
5 Year Change	-22.99%
Change since IPO	-84.05%

Recent updates

Seeking Alpha • Feb 19

VOC Energy: Dividend Hike On Lower Price, The Upside Potential

Summary VOC Energy Trust stock downgraded to a "Hold" rating due to potential economic recession and fewer upsides seen in the crude oil market this year. VOC consents exposures to crude oil volatility growth opportunities while offering a high dividend yield still for more than 5 years. Possibility of increased quarterly dividend for VOC Energy Trust in 2024, leading to the potential of a positive impact on the share price. Read the full article on Seeking Alpha

Seeking Alpha • Oct 28

VOC Energy Trust Offers Income In A Turbulent Market

Summary VOC Energy Trust is an energy-related firm that manages oil and gas properties and distributes net profit interest to trust unitholders. The trust has assets in Kansas and Texas with 454 net producing wells. Distributions from the trust are dependent on the price of oil and natural gas, and higher oil prices will result in greater value for unitholders. Read the full article on Seeking Alpha

Seeking Alpha • Feb 17

VOC Energy Trust Is Ready To Perform Well

Summary Crude oil and natural gas prices are expected to trade higher in 2023. VOC Energy Trust engages in the acquisition and subsequent management of a term net profit interest of the net proceeds from the sale of US oil and natural gas assets. VOC Energy Trust is heavily dependent on crude oil prices, while analysts are forecasting rising prices on the International Energy Agency's demand and supply update. Shareholders of VOC Energy Trust should benefit if higher earnings drive up the share price. VOC Energy Trust Should Benefit from the Expected Increase in Crude Oil and Natural Gas Prices When market prices for crude oil and natural gas rise, the VOC Energy Trust (VOC) share price typically benefits as the fund's earnings adjust to higher commodity prices. As oil and natural gas are expected to trade higher over the next few months, VOC Energy Trust earnings should rise, potentially giving the stock price a strong boost. This is because earnings are the main driver of stock prices. Therefore, investors should consider increasing their position in VOC Energy Trust. About VOC Energy Trust in The Oil & Gas Exploration and Production Industry Headquartered in Houston, Texas, VOC Energy Trust is a fund engaged in the acquisition and subsequent management of term net profit interests calculated as a percentage of the net proceeds from the production and sale of oil and natural gas assets in Texas and Kansas. VOC Energy Trust's total proven reserves amount to approximately 8.3 million barrels of oil equivalent [MMBoe], with 35% on the underlying properties in Kansas, with the remaining 65% on the underlying properties in Texas. The VOC Energy Trust's term net profits interest is quantifiable as a percentage of 80% of the net proceeds from the underlying properties. The underlying mineral properties consist of interests in about 452 net-producing wells and approximately 51,150 net acres. It's worth noting that over 95% of VOC Energy Trust's profits come from the sale of barrels of crude oil, so the share price should reflect oil price patterns quite closely. Over the past 5 years, as crude oil gained 55.14%, shares of VOC Energy Trust rose at a slightly faster pace, delivering a total return of 58.32%. Source: Seeking Alpha In Seeking Alpha's chart, crude oil's performance is represented by Crude Oil WTI Futures - March 23 (CLH2023), while natural gas, whose investment lost 18.69% over the same 5-year period, is represented by Natural Gas Futures - March 23 (NGH2023). For the first 9 months of 2022, VOC Energy Trust reported an income from net profits interest of $16.8 million, an increase of 195% year-over-year, as a result of higher prices and sales volumes of oil equivalent. In the first 9 months of 2022, available cash retained for trust expenses was $550,291 and general and administrative expenses were $772,288. Thus, payable income increased 195% to $15.47 million or $0.91 per share. As of September 30, 2022, total assets were valued at $15.12 million including cash of $837,495 and the remaining $14.28 million in net investments in net profit interests. Fossil Fuels Price Outlook In terms of natural gas, analysts are forecasting a price increase of 13% per metric million British thermal units (MMBtu) this quarter and a 37.6% increase by the end of 2023. The projected increases in fossil fuels are from the level at which the commodity was trading at the time of writing, i.e., $2.44 per MMBtu While the barrel of crude oil is expected to rise 5.2% this quarter and grow 18.2% by the end of 2023. Gains are calculated from the $78.9 per barrel level, the price at which the commodity was trading at the time of writing. Since the trust's share price is highly dependent on the price movement of the commodity crude oil, it is interesting to note the following main factors that are currently leading the analysts to rate a rising price per barrel. Essentially, two things will drive up the price of crude oil. The first is record demand expected because of China's economy fully reopening after the government lifted restrictive measures to contain the Covid-19 virus infection. The second concerns the market's fears of a production deficit that could emerge from major OPEC+ exporters after Western countries imposed a new package of sanctions on the Russian economy. To add some numbers to these expectations, according to the International Energy Agency [IEA] February report, global oil demand should strengthen by 2 million barrels per day in 2023 to a new record of 101.9 million barrels per day. The IEA also predicts about half of that demand is likely to come from China as the economy reopens after drastic coronavirus restrictions and lockdowns. The February IEA report also said shipments from OPEC+ countries could contract later in the year. This means more non-OPEC crude may need to be brought to market to meet rising global demand. So, on top of the catalyst of rising crude oil prices, VOC Energy Trust's earnings will now also benefit from an increased volume of the fossil fuel produced for the global market by US operations. The stock price is therefore expected to trade higher in the coming period and investors should add shares of VOC Energy Trust to their positions if they wish to benefit from the potential upside. The Stock Valuation After falling significantly from a high of $13.09 per share on January 20, 2023, shares of VOC Energy Trust are down more than 35% to trade at $8.07 at the time of writing.

Seeking Alpha • Jan 20

VOC Energy Trust decreases quarterly dividend by -37% to $0.23/share

VOC Energy Trust (NYSE:VOC) declares $0.23/share quarterly dividend, -37% decrease from prior dividend of $0.36. Forward yield 7.06% Payable Feb. 14; for shareholders of record Jan. 30; ex-div Jan. 27. See VOC Dividend Scorecard, Yield Chart, & Dividend Growth.

Seeking Alpha • Oct 20

VOC Energy Trust cuts dividend by 4% to $0.365

VOC Energy Trust (NYSE:VOC) declares $0.365/share quarterly dividend, -3.9% decrease from prior dividend of $0.380. Forward yield 17.87% Payable Nov. 14; for shareholders of record Oct. 31; ex-div Oct. 30. See VOC Dividend Scorecard, Yield Chart, & Dividend Growth.

Seeking Alpha • Sep 27

VOC Energy Trust: A Pure Play In Crude Oil Price Exposure

Summary VOC is an energy trust with nearly 100% crude price exposure. Its long-term return was low and maximum drawdown high. BRS crude oil trading account has outperformed VOC over the past three months. Market fundamentals have adjusted since Russia invaded Ukraine. Crude oil fundamentals are now bearish. VOC Energy Trust (VOC) (the “Trust”) was formed as a statutory trust in November 2010 by VOC Brazos Energy Partners, L.P. According to the Form 10-K: The underlying properties consist of VOC Brazos’ net interests in substantially all of its oil and natural gas properties after deduction of all royalties and other burdens on production thereon as of May 10, 2011, which properties are located in the states of Kansas and Texas. The VOC Operators are currently the operators or contract operators of substantially all of the underlying properties.” As of December 31, 2021, total proved reserves of the underlying properties and forecasts for the remainder of the term of the trust are as follows: VOC Notes: 1. Oil and gas prices were adjusted to a WTI Cushing oil price of $66.56 per Bbl and a Henry Hub natural gas price of $3.598 per MMBtu. 2. As specified by the SEC, these prices are 12-month averages based upon the price on the first day of each month during 2021. The price adjustments were based on oil price differentials forecast at −$4.50 per Bbl for the Kansas underlying properties, −$2.00 per Bbl for the Kurten (Woodbine) Field wells in Texas, −$3.75 per Bbl for the Sand Flat Unit and Hitts Lake North Field wells in Texas and −$2.00 per Bbl for all other Texas underlying properties. Sales and costs for the three years ending 2021 shows that Oil accounts for the vast majority of the sales revenue, making it a “pure play” in crude oil price exposure. Performance Since inception, May 6, 2011, VOC has had a total return of 14.5%, even with the surge in crude oil prices in 2022. Yahoo Finance The Maximum Drawdown (“MD”) over the period was 87%, reached on September 9, 2020. I view the MD as the primary risk measure because it quantifies how much an investor could have lost from its peak valley. Investors often exit positions when losses exceed risk tolerances, locking in the loss. An MD of 87% implies that the product is not suitable as a long-term investment. And its long-term total return pales beside that of the broad equity market, as indicated below. Yahoo Finance, BRS Over the past ten years, VOC had a total return of just 6.6%. That compares to the S&P (SP500TR) return of 156.4%. MV Oil Trust (MVO) and VOC are both limited trusts run by Vess Oil. Its return was, therefore, very similar, totaling + 4.0% over the past ten years. Seeking Alpha As I previously explained in another article, I commenced trading in a futures market account on June 23rd. I have had many other oil futures trading accounts going back to 1980, when I began trading NYMEX heating oil ("HO"). The market has been highly volatile and challenging. I captured a profit of 22.6 % through September 26th, against a loss in NYMEX crude oil futures prices (“NYMEX”) of about 27% and a loss in VOC of about 7%. Yahoo Finance, BRS The Maximum Drawdown of the BRS crude oil account was 8%, compared to 30% for NYMEX and 22% for VOC. Yahoo Finance, BRS Market Fundamentals The major story in 2022 so far this year, and going back to the OPDEC oil embargo in 1973-74, is Russia’s invasion of Ukraine in February 2022 and the resulting sanctions and bans of Russian oil and its interruption of natural gas pipeline shipments to Europe. The EU has agreed to ban all Russian oil imports which arrive by sea by the end of this year. IEA IEA The U.S. has replaced about half of the 800,000 b/d of Russian oil imports to the EU, as U.S. crude oil exports have surged to record levels. EIA The U.S. may soon overtake Russian crude oil imports to the EU and UK. Norway has replaced about one-third of the Russian imports. IEA Source: Reuters. The IEA has estimated that: “the EU will need to replace an additional 1.4 million barrels of Russian crude, with some 300,000 bpd potentially coming from the United States and 400,000 bpd from Kazakhstan.” In order to retain oil revenues, Russia has increased exports to China, India and Turkey. Norway is expected to increase its production from the North Sea in the fourth quarter, and exports from the Middle East and Latin America that were going to China and India could be re-routed to the EU. It has been reported that “Europe has decreased its consumption of Russian gas from 40% to less than 10%. And its reserve targets for the winter are nearly full.” U.S. crude oil production was disrupted due to the severe oil price drop in 2020, when Saudi Arabia and Russia waged an oil price war. EIA However, “Other Supply,” such as Natural Gas Plant Liquids and Renewable Fuels, also contribute to the U.S. Petroleum Supply.

Seeking Alpha • Jul 28

VOC Energy Trust goes ex-dividend tomorrow

VOC Energy Trust (NYSE:VOC) had declared $0.38/share quarterly dividend. Payable Aug. 12; for shareholders of record Aug. 1; ex-div July 29. See VOC Dividend Scorecard, Yield Chart, & Dividend Growth.

Analysis Article • Apr 28

VOC Energy Trust (NYSE:VOC) Will Pay A Larger Dividend Than Last Year At US$0.28

The board of VOC Energy Trust ( NYSE:VOC ) has announced that the dividend on 13th of May will be increased to US$0.28...

Seeking Alpha • Mar 31

VOC Energy Trust: Impressive Yield But Possibly Overvalued

Energy trusts can be an excellent way to profit from rising energy prices because their income and distributions are directly linked to the price of crude oil and natural gas. VOC is able to pay its owners an impressive 10.37% yield based on the profits from its producing properties in Texas and Kansas. The trust has a limited life and investors will not likely have any significant remaining value after the end of 2030. Energy prices are likely to remain relatively strong even after the Ukraine crisis has fully abated due to years of chronic underinvestment by the industry. The trust may be overvalued at its current price.

Analysis Article • Mar 15

VOC Energy Trust's (NYSE:VOC) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?

Most readers would already be aware that VOC Energy Trust's (NYSE:VOC) stock increased significantly by 50% over the...

Shareholder Returns

	VOC	US Oil and Gas	US Market
7D	5.0%	0.1%	-0.7%
1Y	-2.6%	27.6%	15.3%

Return vs Industry: VOC underperformed the US Oil and Gas industry which returned 32.5% over the past year.

Return vs Market: VOC underperformed the US Market which returned 14.7% over the past year.

Price Volatility

Is VOC's price volatile compared to industry and market?
VOC volatility
VOC Average Weekly Movement	5.4%
Oil and Gas Industry Average Movement	6.1%
Market Average Movement	7.2%
10% most volatile stocks in US Market	16.1%
10% least volatile stocks in US Market	3.2%

Stable Share Price: VOC has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: VOC's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2010	n/a	n/a	voc.q4web.com/home/default.aspx

VOC Energy Trust acquires and holds a term net profits interest of the net proceeds from production and sale of the interests in oil and natural gas properties in the states of Kansas and Texas. The company has an 80% term net profits interest of the net proceeds on the underlying properties. As of December 31, 2021, its underlying properties had interests in 452.5 net producing wells and 51,147.2 net acres.

VOC Energy Trust Fundamentals Summary

How do VOC Energy Trust's earnings and revenue compare to its market cap?
VOC fundamental statistics
Market cap	US$57.46m
Earnings (TTM)	US$7.48m
Revenue (TTM)	US$8.31m

7.6x

P/E Ratio

6.9x

P/S Ratio

Is VOC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VOC income statement (TTM)
Revenue	US$8.31m
Cost of Revenue	US$0
Gross Profit	US$8.31m
Other Expenses	US$827.25k
Earnings	US$7.48m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)	0.44
Gross Margin	100.00%
Net Profit Margin	90.04%
Debt/Equity Ratio	0%

How did VOC perform over the long term?

See historical performance and comparison

Dividends

13.1%

Current Dividend Yield

92%

Payout Ratio

Does VOC pay a reliable dividends?

See VOC dividend history and benchmarks

When do you need to buy VOC by to receive an upcoming dividend?
VOC Energy Trust dividend dates
Ex Dividend Date	Jul 30 2026
Dividend Pay Date	Aug 14 2026
Days until Ex dividend	2 days
Days until Dividend pay date	17 days

Does VOC pay a reliable dividends?

See VOC dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/07/27 04:12
End of Day Share Price	2026/07/27 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

VOC Energy Trust is covered by 7 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ethan Bellamy	Baird
Suzanne Hannigan	Brean Capital Historical (Janney Montgomery)
Drew Venker	Morgan Stanley

VOC Energy Trust (VOC) Stock Overview

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Price History & Performance

Recent News & Updates

VOC Energy Trust Announces Quarterly Distribution for the Period Ended June 30, 2026, Payable on August 14, 2026

VOC Energy Trust Announces Distribution for the Quarter Ended March 31, 2026, Payable on May 15, 2026

VOC Energy Trust Announces Quarterly Distribution for the Period Ended December 31, 2025, Payable on February 13, 2026

VOC Energy Trust Announces Trust Quarterly Distribution, Payable on November 14, 2025

VOC Energy Trust Announces Trust Quarterly Distribution, Payable on August 14, 2025

VOC Energy Trust Announces Distribution for the Period Ended March 31, 2025, Payable May 15, 2025

Recent updates

VOC Energy Trust Announces Quarterly Distribution for the Period Ended June 30, 2026, Payable on August 14, 2026

VOC Energy Trust Announces Distribution for the Quarter Ended March 31, 2026, Payable on May 15, 2026

VOC Energy Trust Announces Quarterly Distribution for the Period Ended December 31, 2025, Payable on February 13, 2026

VOC Energy Trust Announces Trust Quarterly Distribution, Payable on November 14, 2025

VOC Energy Trust Announces Trust Quarterly Distribution, Payable on August 14, 2025

VOC Energy Trust Announces Distribution for the Period Ended March 31, 2025, Payable May 15, 2025

VOC Energy Trust Announces Quarterly Distribution for the Period Ended December 31, 2024, Payable on February 13, 2025

VOC Energy Trust Announces Distribution for the Quarterly Period Ended June 30, 2024, Payable on August 14, 2024

VOC Energy Trust Announces Trust Quarterly Distribution for the First Quarterly Payment Period Ended March 31, 2024, Payable on May 15, 2024

VOC Energy: Dividend Hike On Lower Price, The Upside Potential

VOC Energy Trust Announces Trust Quarterly Distribution, Payable on February 14, 2024

VOC Energy Trust Offers Income In A Turbulent Market

Voc Energy Trust Announces Quarterly Distribution for the Period Ended September 30, 2023, Payable on November 14, 2023

VOC Energy Trust Announces Trust Quarterly Distribution, Payable August 14, 2023

VOC Energy Trust Is Ready To Perform Well

VOC Energy Trust Announces Trust Quarterly Distribution, Payable on February 14, 2023

VOC Energy Trust decreases quarterly dividend by -37% to $0.23/share

VOC Energy Trust Announces Quarterly Distribution for the Period Ended September 30, 2022, Payable on November 14, 2022

VOC Energy Trust cuts dividend by 4% to $0.365

Investor sentiment improved over the past week

VOC Energy Trust: A Pure Play In Crude Oil Price Exposure

Investor sentiment deteriorated over the past week

VOC Energy Trust goes ex-dividend tomorrow

VOC Energy Trust Announces Second Quarterly Distribution for the Period Ended June 30, 2022, Payable on August 12, 2022

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

VOC Energy Trust (NYSE:VOC) Will Pay A Larger Dividend Than Last Year At US$0.28

VOC Energy Trust Announces First Quarterly Distribution for the Period Ended March 31, 2022, Payable on May 13, 2022

VOC Energy Trust: Impressive Yield But Possibly Overvalued

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

VOC Energy Trust's (NYSE:VOC) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?

Investor sentiment improved over the past week

New 90-day high: US$3.07

Investor sentiment improved over the past week

New 90-day high: US$2.84

Investor sentiment improved over the past week

Investor sentiment improved over the past week

New 90-day high: US$2.31

Market bids up stock over the past week

New 90-day high: US$2.05

New 90-day high: US$1.92

Market bids up stock over the past week

VOC Energy Trust Omits to Pay Distribution for the Second Quarterly Ended June 30, 2020

Shareholder Returns

Price Volatility

About the Company

VOC Energy Trust Fundamentals Summary

Earnings & Revenue

Dividends

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources