Total royalty income for the first fiscal quarter ended January 31, 2026, increased by 337.5% to $2,212,286, up from $505,697 in the same period of 2025. Net income surged by 581.3% to $1,945,021, compared to $285,468 in the prior year's first quarter. Distributions per unit increased by 450.0% to $0.22, up from $0.04 in the first quarter of 2025. The increase in royalty income was attributed to a small Positive Adjustment in 2026 versus a $2,485,712 Negative Adjustment in Q1 2025, increased Mobil gas sales due to successful well maintenance, and rising sulfur prices. Cash and cash equivalents decreased by $904,062 during the quarter, ending at $3,881,094 as of January 31, 2026, primarily due to distributions paid. Trust expenses rose by 22.2% to $285,937, mainly due to higher Trustee fees, a biennial royalty examination, and fees related to a change of Transfer Agent. John R. Van Kirk, the former Managing Director, retired as of January 30, 2026, and the Trust no longer has employees eligible for its SIMPLE IRA plan as of February 28, 2026.