Distributable income decreased to $73.44 million in 2025 from $79.64 million in 2024. Royalty income decreased by approximately $5.51 million (7%) in 2025 compared to 2024. The average oil price received by the Trust decreased from $77.04 per barrel in 2024 to $64.85 per barrel in 2025. The average natural gas price received by the Trust increased from $1.88 per thousand cubic feet (Mcf) in 2024 to $2.61 per Mcf in 2025. Oil volumes sold decreased to 786,192 barrels in 2025 from 815,811 barrels in 2024. Gas volumes sold decreased to 13,685,401 Mcf in 2025 from 16,509,134 Mcf in 2024. General and administrative expenses increased by 16% to $4.09 million in 2025 from $3.53 million in 2024. Proved developed producing reserves (Barrel of Oil Equivalent BOE) decreased slightly from 19,578 Mbbl BOE at December 31, 2024, to 19,433 Mbbl BOE at December 31, 2025. The standardized measure of discounted future net cash flows increased to $301.15 million at December 31, 2025, from $280.33 million at December 31, 2024. The Waste Emissions Charge for methane emissions, set to begin in 2025, was postponed until 2034 by the One Big Beautiful Bill Act, signed July 4, 2025. The EPA proposed on September 12, 2025, to suspend all GHG reporting for the oil and gas sector until 2034 and rescinded the endangerment finding for GHG emissions on February 12, 2026.