Pacific Coast Oil Trust sees no July distribution, warns payouts unlikely in foreseeable future

Reuters2026/07/31 20:15

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No cash distribution for unitholders of record July 31, 2026, based on May 2026 net profits calculations; distributions seen as extremely remote.
Developed Properties operating income about $1.01 million on revenue $2.9 million; costs $1.9 million; development costs $51,000.
Developed realized price $87.66/Boe, up 2.44% from $85.57/Boe; net profits deficit narrowed to about $10.7 million from $11 million.
Remaining Properties revenue about $0.9 million; expenses $0.7 million; realized price $76.60/Boe, down 7.92% from $83.19/Boe.
Trust payment about $21,000; monthly shortfall about $245,000; debt to PCEC about $13.7 million, limiting any future payouts.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pacific Coast Oil Trust published the original content used to generate this news brief via Business Wire (Ref. ID: 202607311615BIZWIRE_USPR_____20260731_BW503979) on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Pacific Coast Oil Trust sees no July distribution, warns payouts unlikely in foreseeable future

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