BPPTU Research | Milton Maxwell

BPPTU

BP Prudhoe Bay Royalty Trust

0.2253

+0.0000+0%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

4.82M

P/E (TTM)

Basic EPS (TTM)

-0.07

Dividend Yield

Recent Filings

8-K

Final $0.23/unit distribution announced

10/9/25Oct 9, 2025

BP Prudhoe Bay Royalty Trust announced its final distribution of $4.8 million, or $0.23 per unit, payable October 20, 2025 to record holders on October 15, from $3.7 million sale proceeds of its overriding royalty interest to GREP V Holdings, L.P., plus $1.8 million released reserves, net of expenses and $1 million wind-up holdback. Units cancel post-distribution. Trust winds up by year-end.

8-K

Royalty interest sold for $3.7M

10/1/25Oct 1, 2025

BP Prudhoe Bay Royalty Trust sold its overriding royalty interest to GREP V Holdings for $3.7M cash, signed September 30, 2025, closing October 1 with July 1 effective date. No further production revenues or distributions for unitholders. Net proceeds distribute around October 20. Trust winds down.

10-Q

Q2 FY2025 results

8/14/25Aug 14, 2025

BP Prudhoe Bay Royalty Trust posted a $552K cash loss for Q2 ended June 30, 2025, up 11.7% y/y from $494K, with admin expenses rising 5.8% to $588K on higher service provider fees; six-month loss widened 36.2% to $1,042K y/y. No royalty revenue emerged as average WTI at $63.95 trailed break-even amid $99.63 adjusted chargeable costs and 63.3 mb/d net production. Cash reserves held at $3.1M cover 12 months of expenses. Trust terminated December 31, 2024; NYSE delisted July 2025 for OTC Pink trading. Assets marketed post-Hilcorp declination, bids reviewed. Trustee controls hold firm. Sale process drags.

8-K

No Q2 payout, NYSE delisting

7/1/25Jul 1, 2025

BP Prudhoe Bay Royalty Trust skipped its Q2 2025 distribution as average WTI prices of $63.95 fell below break-even amid $99.63 adjusted costs, yielding a negative $(37.83) per barrel royalty. NYSE delisted units on June 30, 2025, for sub-$1.00 pricing; they shifted to OTC Pink as BPPTU, risking liquidity. Trust terminated December 31, 2024. Wind-up underway.

8-K

Trust asset sale launched

6/17/25Jun 17, 2025

BP Prudhoe Bay Royalty Trust's trustee launched a sale process for Trust assets on June 17, 2025, after termination on December 31, 2024, and Hilcorp's rejection of its $11.6M option on June 2. RedOaks seeks initial bids by July 29; a 60% unitholder vote is needed unless waived for fair market terms. No bids assured. Outcomes uncertain.

About

BP Prudhoe Bay Royalty Trust operates as a grantor trust in the United States. It is involved in holding overriding royalty interest in the Prudhoe Bay oil field located on the North Slope of Alaska. The Prudhoe Bay field extends approximately 12 miles by 27 miles and contains approximately 150,000 gross productive acres. BP Prudhoe Bay Royalty Trust was incorporated in 1989 and is based in Houston, Texas.

IPO

5/23/1989

Website

https://bpt.q4web.com/home/default.aspx

Sector

Energy

Industry

Oil & Gas Midstream