CHKR
Chesapeake Granite Wash Trust0.4300
-0.0090-2.05%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
20.10MP/E (TTM)
4.78Basic EPS (TTM)
0.09Dividend Yield
0.18%Recent Filings
8-K
Trust halts SEC filings
Chesapeake Granite Wash Trust ceased voluntary SEC filings after its Q3 2024 10-Q, but will post financial and other information on its website and through OTC Markets to keep common units trading on the OTC Pink under symbol CHKR. This shift maintains public access for investors while avoiding full reporting burdens. Trading eligibility persists. Forward-looking statements highlight risks to continued quotation.
10-Q
Q3 FY2024 results
Chesapeake Granite Wash Trust's Q3 2024 royalty income fell 8% year-over-year to $1.7M, driven by natural production declines across oil, gas, and NGL volumes, though offset by an 18% rise in average realized price per boe to $23.51. Distributable income climbed 14% to $945,000, or $0.0202 per unit, thanks to 26% lower administrative expenses. Year-to-date, income plunged 55% to $3.0M amid 25% volume drops and softer commodity prices, exacerbated by a January freeze in Oklahoma. Cash reserves hit $3.3M with no debt, bolstered by Diversified's loan commitment for expenses. The Trust will cease SEC filings after this report, shifting disclosures to its website and OTC Markets to trim costs. Production declines persist. Ceasing SEC reports risks thinner liquidity on OTC Pink.
10-Q
Q2 FY2024 results
Chesapeake Granite Wash Trust's royalty income fell 57% year-over-year to $1.3M in Q2 2024 ended June 30, driven by lower natural gas prices and production volumes down 31% to 66 Mboe amid natural declines and a January deep freeze in Oklahoma. Distributable income dropped to $0.0185 per unit from $0.0487, while six-month figures show a 54% revenue decline to $3.1M and per-unit income of $0.0435 versus $0.1243 last year. Cash equivalents stood at $3.0M with no debt or loans outstanding, bolstered by Diversified's commitment for expenses. Production keeps sliding. Yet distributions persist. Geopolitical tensions could spike commodity volatility further.
10-Q
Q1 FY2024 results
Chesapeake Granite Wash Trust's Q1 2024 royalty income fell 52% year-over-year to $1.9M, driven by a 24% drop in total sales volumes to 81 Mboe and a 37% decline in average realized price to $23.33 per boe, yielding distributable income of $1.2M or $0.0250 per unit—down 67% from Q1 2023. Production taxes eased 53% to $0.1M alongside lower revenues, while administrative expenses surged 669% to $0.5M due to higher accounting and compliance costs. Cash equivalents stood at $3.3M by quarter-end, bolstered by Diversified's loan commitment for expenses, with no debt outstanding. No impairments hit the Royalty Interests. Volumes keep declining naturally.
10-K
FY2023 results
Chesapeake Granite Wash Trust's FY2023 revenues fell to $11.2 million from $18.3 million in 2022, driven by lower realized prices amid declining commodity markets, while production edged up slightly to 525 mboe from 482 mboe due to Diversified's added working interests—yet Q4 distributions of $0.0336 per unit marked a rebound from Q3's $0.0178, signaling quarterly momentum in a depleting asset base. Margins compressed as production expenses rose to $6.52 per boe from $5.67, but taxes eased with prices, yielding distributable income of $8.0 million or $0.1721 per unit, down from $13.0 million or $0.2778 last year. Reserves dipped 7% to 3,593 mboe, all proved developed, with PV-10 at $35.1 million reflecting softer pricing. Cash reserves stood firm at $2.7 million, supporting ongoing distributions without debt. No guidance issued; dissolution looms in 2031. Reserves may underperform estimates, curbing quarterly payouts.
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