Welcome to our dedicated page for BP Prudhoe Bay Royalty Trust news (Ticker: BPT), a resource for investors and traders seeking the latest updates and insights on BP Prudhoe Bay Royalty Trust stock.
BP Prudhoe Bay Royalty Trust (Symbol: BPT) is a grantor trust based in the United States. Established to provide shareholders with income derived from the operation of the Prudhoe Bay oil field, the Trust's primary asset consists of an overriding royalty interest. This interest entitles the Trust to receive royalties from the production of crude oil and condensate from BP Exploration (Alaska) Inc.'s working interest in the Prudhoe Bay oil field on Alaska's North Slope.
Since its inception, BP Prudhoe Bay Royalty Trust has played a significant role in distributing royalty income to its unit holders, reflecting the performance of one of North America's most prominent oil fields. The Trust does not engage in operating or developing oil fields; rather, it relies on BP Exploration (Alaska) Inc. for production and operational activities.
The Trust's financial health is closely linked to the production levels and market prices of crude oil. Recent achievements include stable royalty payouts despite fluctuating oil prices and maintaining a transparent communication channel with its unit holders. Current projects focus on optimizing the royalty interest revenue and ensuring compliance with environmental regulations.
BP Prudhoe Bay Royalty Trust's consistent performance, backed by its significant asset base, positions it as a notable entity in the energy sector. The Trust's revenues and distributions are directly influenced by the operational efficiency and output of the Prudhoe Bay oil field, making it a critical component of many investors' portfolios seeking exposure to the oil and gas industry.
For the latest updates and detailed information on the Trust's financial performance, recent news, and other relevant developments, investors are encouraged to stay informed through official reports and market analyses available on platforms like StockTitan.
BP Prudhoe Bay Royalty Trust (NYSE: BPT) has announced that unitholders will not receive a dividend payment for the quarter ended September 30, 2024. This decision is based on the calculation of the Per Barrel Royalty, which resulted in a negative value for the payment calculation for the quarter. Key factors influencing this outcome include:
- Average WTI Price: $75.20
- Average Adjusted Chargeable Costs: $90.90
- Average Production Taxes: $2.61
- Average Per Barrel Royalty: $(18.31)
- Average Net Production: 59.6 mb/d
The average daily closing WTI price was below the 'break-even' price for the quarter. However, as stipulated in the Trust Agreement, the payment with respect to the Royalty Interest for any calendar quarter cannot be less than zero.
BP Prudhoe Bay Royalty Trust (NYSE: BPT) announced that unitholders will not receive a dividend payment for the second quarter ending June 30, 2024. The Ex-Dividend Date is July 12, 2024, and the Record Date is July 15, 2024, with a dividend rate of $0.00 per unit.
The absence of a dividend is attributed to the calculation method specified in the Trust Agreement, which factors in the West Texas Intermediate (WTI) price, chargeable costs, and production taxes. For Q2 2024, the average WTI price was $80.62, average adjusted chargeable costs were $90.69, and average production taxes were $2.83, leading to a negative average per barrel royalty of -$12.89. The average net production was 61.5 mb/d.
The average daily closing WTI price was below the break-even price for the quarter, resulting in no royalty payment. According to the Trust Agreement, the payment cannot be less than zero.
BP Prudhoe Bay Royalty Trust (NYSE: BPT) announced that unitholders will not receive a dividend for the quarter ended March 31, 2023. The Ex-Dividend Date is April 14, 2023, with a Record Date of April 17, 2023. The dividend rate is reported at $0.00 per unit due to the average WTI price being below the break-even threshold, resulting in a negative average per barrel royalty of $7.00. Moreover, during this period, the average WTI price was $76.17, while adjusted chargeable costs averaged $80.50, and production taxes averaged $2.67. This situation was compounded by a prior overpayment of $13,279 to the Trust for the quarter ended December 31, 2022, which affected current payment calculations.
BP Prudhoe Bay Royalty Trust (NYSE: BPT) announced a quarterly dividend of
BP Prudhoe Bay Royalty Trust (NYSE: BPT) announced a dividend of $0.7031368 per unit for the quarter ended September 30, 2022. The ex-dividend date is October 14, 2022, with the record date on October 17, 2022, and payment set for October 19, 2022. For the quarter, the average WTI price was $91.87, resulting in a $15,325,874 royalty payment to the Trust, after accounting for previous overpayments. The available distribution to unitholders after expenses is $15,047,127.
BP Prudhoe Bay Royalty Trust (NYSE: BPT) has announced a quarterly dividend of
FAQ
What is the current stock price of BP Prudhoe Bay Royalty Trust (BPT)?
What is the market cap of BP Prudhoe Bay Royalty Trust (BPT)?
What is BP Prudhoe Bay Royalty Trust?
How does BP Prudhoe Bay Royalty Trust generate income?
Who operates the Prudhoe Bay oil field?
What type of trust is BP Prudhoe Bay Royalty Trust?
Where is the Prudhoe Bay oil field located?
How are the royalties distributed to unit holders?
What factors influence the Trust's financial performance?
What recent achievements has the Trust made?
Are there any current projects the Trust is involved in?
How can I stay updated on the Trust's performance?
