VOC Energy Trust (VOC) AI Stock Analysis

Headquartered in Houston, Texas, VOC Energy Trust acquires and maintains a term net profits interest derived from the production and sale of oil and natural gas properties primarily located in Kansas and Texas. The trust holds an 80% term net profits interest across assets that, as of December 31, 2021, included 452.5 net producing wells and 51,147.2 net acres. Proved reserves as of year-end 2021 totaled approximately 2.9 MMBoe in Kansas and approximately 5.4 MMBoe in Texas. Established in 2010, the trust operates to deliver value to unit holders from ongoing hydrocarbon extraction.

VOC Energy Trust generated $8.6M in revenue for FY2025, down 36.7% from $13.6M in FY2024, following prior revenues of $16.5M in FY2023 and $23.6M in FY2022. Net income decreased to $7.4M in FY2025 from $12.4M in FY2024 and $15.2M in FY2023, with EPS declining from $0.73 to $0.43. Gross margin was 96.7% and operating margin was 85.8% in FY2025. Over the trailing twelve months, revenue reached $7.5M with an operating margin of 95.0% and EPS of $0.40. In the latest quarter ended June 30, 2026, quarterly revenue fell 31.6% year-over-year, while quarterly earnings declined 26.9%.

As of June 30, 2026, VOC Energy Trust reported $1.5M in cash and short-term investments, total assets of $9.1M, and shareholders' equity of $9.1M. Operating cash flow stood at $14.60B in FY2023, matching free cash flow of $14.60B. The trust's share count change over 5 years was 0.0%.

VOC trades at a trailing P/E of 8.5x and a forward P/E of 3.1x, below the median of its US-listed Energy peers of 15.0x trailing and 12.7x forward. Its price-to-sales multiple is 7.6x, compared to 1.8x for peers, while its EV/EBITDA stands at 8.1x against the peer median of 8.0x. Over the past year, VOC returned 36.8%, outperforming the S&P 500 (SPY) return of 16.8%, but its 5-year return of 35.0% trails the index return of 83.0%.

VOC pays a quarterly distribution with a forward annual dividend of $0.58, translating to a dividend yield of 16.96%. The payout ratio is 140.2%. The trust has paid dividends for 16 consecutive years, generating a 5-year annualized dividend growth of 14.1%. Its last ex-dividend date was July 30, 2026.

Analysts have a mean price target of $4.00 for VOC, representing an 18.0% upside compared to its last close of $3.39 on October 16, 2026. The trust beat EPS estimates in all 4 of its last 4 quarters. Its next earnings date is November 9, 2026.

This page is an AI-written research summary of VOC Energy Trust (VOC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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