Net profits income decreased to $5.56 million in 2025 from $5.96 million in 2024, and from $7.13 million in 2023. Distributable income decreased to $4.71 million ($0.387371 per unit) in 2025 from $5.16 million ($0.424259 per unit) in 2024, and from $6.26 million ($0.514745 per unit) in 2023. Oil sales volumes decreased to 252.8 MBbls in 2025 from 289.9 MBbls in 2024, and from 317.8 MBbls in 2023. Natural gas sales volumes decreased to 312.4 MMcf in 2025 from 341.1 MMcf in 2024, and from 387.6 MMcf in 2023. Average realized oil price decreased to $64.83/Bbl in 2025 from $75.33/Bbl in 2024, and from $76.24/Bbl in 2023. Average realized natural gas price increased to $2.63/Mcf in 2025 from $2.54/Mcf in 2024. Total proved reserves decreased by 23% in 2025, primarily due to lower oil pricing and T2S's lack of development plans. A $39.9 million impairment was recognized on the Net Profits Interest in 2025, reducing its fair value to $26.6 million. T2S, the new operator since March 31, 2025, revised its 2025 capital and workover budget downward from $4.5 million to $1.0 million and has no capital budget for 2026, only a $0.75 million workover budget. The drilling of two wells in Crane County, Texas (one injector, one producer) was postponed from 2025. The lawsuit "Thaleia L. Marston, Trustee of the Marston Trust v. Blackbeard Operating, LLC, et.al" concluded on February 5, 2025, with the Court of Appeals affirming the trial court's judgment in favor of the defendants.