VOC能源信托2025年季度报告

xQUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF1934 for the quarterly period ended September30, 2025 or ¨TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF1934 for the transition period fromtoCommission File Number: 001-35160 VOC ENERGY TRUST (Exact name of registrant as specified in its charter) Delaware80-6183103(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) The Bank of New York Mellon Trust Company, N.A., TrusteeGlobal Corporate Trust601 Travis Street, Floor 16Houston, Texas(Address of principal executive offices) 1-713-483-6020(Registrant’s telephone number, including area code) Securities registered pursuant to Section12(b)of the Act: Name of each exchange on whichregistered The New York Stock Exchange Units of Beneficial Interest Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90 days. Yesx No¨ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes¨No¨ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Accelerated filer¨Smaller reporting companyxEmerging growth company¨ Large accelerated filer¨Non-accelerated filerx If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.¨ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes¨Nox As of November10, 2025, 17,000,000 Units of Beneficial Interest in VOC Energy Trust were outstanding. PARTI—FINANCIAL INFORMATION VOC ENERGY TRUSTSTATEMENTS OF DISTRIBUTABLE INCOME(Unaudited) (1)Includes $32,464 and $31,215 paid to VOC Brazos Energy Partners, LP (“VOC Brazos”) during the three months endedSeptember30, 2025 and 2024, respectively, and $96,143 and $92,444 during the nine months ended September30, 2025 and2024, respectively. Also includes $37,500 paid to The Bank of New York Mellon Trust Company, N.A. during each of the threemonths ended September30, 2025 and 2024 and $112,500 during each of the nine months ended September30, 2025 and 2024. STATEMENTS OF ASSETS AND TRUST CORPUS STATEMENTS OF CHANGES IN TRUST CORPUS(Unaudited) VOC ENERGY TRUSTNOTES TO FINANCIAL STATEMENTS(Unaudited) Note 1. Organization of the Trust VOC Energy Trust (the “Trust”) is a statutory trust formed on November3, 2010 (capitalized on December17, 2010) underthe Delaware Statutory Trust Act pursuant to a Trust Agreement dated November3, 2010 (as amended and restated on May10, 2011,the “Trust Agreement”) among VOC Brazos Energy Partners, L.P., a Texas limited partnership (“VOCBrazos”), as trustor, The Bankof New York Mellon Trust Company, N.A., as Trustee (the “Trustee”), and Wilmington Trust Company, as Delaware Trustee (the“Delaware Trustee”). The Trust was created to acquire and hold a term net profits interest for the benefit of the Trust unitholders. VOC Brazos is a privately held limited partnership engaged in the production and development of oil and natural gas fromproperties located in Texas. VOC Kansas Energy Partners, L.L.C., a Kansas limited liability company (“VOC Kansas”), is a privatelyheld limited liability company engaged in the production and development of oil and natural gas from properties primarily located inKansas along with a limited number of Texas properties. In connection with the closing of the initial public offering of units ofbeneficial interest in the Trust (“Trust Units”) in May2011, VOC Brazos acquired all of the membership interests in VOC Kansas inexchange for newly issued limited partner interests in VOC Brazos pursuant to a Contribution and Exchange Agreement, datedAugust30, 2010, as amended, by and between VOC Brazos and VOC Kansas. This resulted in VOC Kansas becoming a wholly-owned subsidiary of VOC Brazos. The Trust was created to acquire and hold a term net profits interest representing the right to receive 80% of the net proceeds(calculated as described below in Note 5) from production from the underlying properties (as defined below). The