VOC Energy Trust

VOC

Oil & Gas Exploration & Production · Energy

Price

$3.41

+0.05 (+1.49%)

Market Cap

$58.0M

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Data not available

Growth

Weak

Cash Flow

Weak

Stability

Good

Valuation

Good

Dividends

Exceptional

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Winston Score History

The full picture

VOC Energy Trust is a simple business: it owns the right to receive a portion of the money generated when oil and natural gas are pumped out of wells in Kansas and Texas. It does not drill or operate the wells itself — a company called VOC Navitas does that work. The trust just collects a fixed percentage of the revenue from those producing fields.

The trust makes money by taking roughly 80% of the net profits from oil and gas production at these properties and passing almost all of it directly to shareholders as cash distributions. It is a small company with a market cap around $100 million and operates entirely in the United States. The trust has no real competitive moat — its income depends entirely on oil and gas prices and how much the existing wells can still produce. Because the underlying wells are depleting over time and no new drilling is planned, production will gradually decline, which is the central long-term risk for investors.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-100.0% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-100.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

35.9%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$2M cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

VOC Energy Trust's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

0.0% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 17.0M (2021) → 17.0M (2025)

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

N/A

Data not available

Profit after running costs

Operating Margin

N/A

Data not available

Return on the money invested

ROCE

N/A

Data not available

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Growth

Sales growth

Sales YoY

-47.2%

Shrinking sales (-47.2% YoY)

Profit growth

EPS YoY

-46.1%

Earnings shrinking (-46.1% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

1/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

Weak — only 0% of profit becomes cash

Spare cash per sale

FCF Margin

0.0%

Thin free cash flow (0.0%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

100.00x

—

Comfortably covers interest (100.0x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

11.0x

Attractive valuation — P/E 11.0

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend

Dividend Yield

32.75%

Healthy income — 32.75% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record

Dividend Growth

+13.9%

Dividend growing fast (13.9% YoY)

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