Welcome to our dedicated page for Bp Prudhoe Bay Rty Tr news (Ticker: BPT), a resource for investors and traders seeking the latest updates and insights on Bp Prudhoe Bay Rty Tr stock.
BP Prudhoe Bay Royalty Trust (historically NYSE: BPT) generates news primarily through its public announcements about royalty payments, trust termination, asset sales, and listing status. Recent press releases have focused on the trust’s disclosure that it has not received royalty payments for multiple consecutive quarters, resulting in no cash distributions to unitholders for those periods.
News items describe how quarterly royalty payments from Hilcorp North Slope, LLC are calculated under the Trust Agreement, using daily Royalty Production and a Per Barrel Royalty based on WTI prices, chargeable costs, a cost adjustment factor, and production taxes. For several quarters in 2023, 2024, and 2025, the trust has reported that the average daily closing WTI price was below the break-even level implied by these cost components, producing a negative Per Barrel Royalty and therefore a zero payment for the quarter.
Another major theme in the trust’s news flow is its termination and wind-up. The trust has announced that it terminated at 11:59 PM on December 31, 2024 after two successive years with no net revenues from the royalty interest, as specified in the Trust Agreement. Subsequent releases detail the trustee’s steps to obtain a third-party fair market value opinion, the option offered to Hilcorp North Slope, LLC to purchase the trust assets, Hilcorp’s decision not to exercise that option, and the commencement of a sale process for the trust assets with RedOaks Energy Advisors, LLC acting as advisor.
News also covers the trust’s listing status, including NYSE notifications that the average closing price of its units fell below $1.00, the inability to regain compliance within the cure period, the resulting suspension of trading and initiation of delisting proceedings, and the transition of quotation of the units to the OTC Pink market under a new symbol. Investors following BPT-related news can use this page to review these regulatory, operational, and structural updates as the trust proceeds through its wind-up and potential asset sale.
BP Prudhoe Bay Royalty Trust (NYSE: BPT) announced that unitholders will receive no dividend payment for the quarter ended June 30, 2025, due to negative per barrel royalty calculations. The average WTI price of $63.95 fell below break-even, with average adjusted chargeable costs of $99.63 and production taxes of $2.15, resulting in a negative average per barrel royalty of ($37.83).
Additionally, the Trust received notification of NYSE delisting due to non-compliance with continued listing standards, as its unit price remained below $1.00 over a 30-day trading period. The Trust's units began trading on the OTC Pink market under the symbol "BPPTU" on July 1, 2025. The Trust, which terminated on December 31, 2024, is currently in the process of winding up its affairs.
BP Prudhoe Bay Royalty Trust (NYSE: BPT) announced zero dividend payment for Q1 2025, with the average daily WTI price falling below the break-even point. The quarterly calculation showed:
- Average WTI Price: $71.50
- Average Adjusted Chargeable Costs: $98.89
- Average Production Taxes: $2.46
- Average Per Barrel Royalty: -$29.85
- Average Net Production: 65.6 mb/d
Significantly, the Trust has formally terminated as of December 31, 2024, following two successive years (2023 and 2024) with net revenues below $1.0 million per year. The Bank of New York Mellon Trust Company, as trustee, has begun the wind-up process, though the completion timeline remains uncertain.
BP Prudhoe Bay Royalty Trust (BPT) announced zero dividend payment for Q4 2024 due to negative per barrel royalty calculations. The Trust officially terminated on December 31, 2024, as net revenues fell below $1.0 million for two consecutive years (2023-2024). The average WTI price of $70.32 was below break-even, with adjusted chargeable costs at $91.10 and production taxes at $2.42.
Following termination, the Trustee must sell all Trust assets after obtaining a third-party fair market value opinion. Hilcorp North Slope has a 30-day option to purchase assets at the greater of fair market value or $11,641,600. Additionally, BPT received NYSE non-compliance notice due to trading below $1.00 over 30 consecutive trading days, initiating a six-month cure period to regain compliance or face potential delisting.
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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
FAQ
What is the current stock price of Bp Prudhoe Bay Rty Tr (BPT)?
What is the market cap of Bp Prudhoe Bay Rty Tr (BPT)?
