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 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
BP Prudhoe Bay Royalty Trust (NYSE: BPT) has announced a dividend for the quarter ended March 31, 2022. The ex-dividend date is April 14, 2022, with a record date of April 18, 2022, and a payable date of April 20, 2022. The dividend rate is set at $1.0875353 per unit. The royalty payment amounted to $23,813,974, leading to $23,273,256 available for distribution to unitholders after expenses. The average WTI price during the quarter was $94.45, and the average net production was 73.5 mb/d.
BP Prudhoe Bay Royalty Trust (NYSE: BPT) announced a quarterly dividend for the period ending December 31, 2021. The dividend will be $0.5811729 per unit, with an ex-dividend date of January 14, 2022, a record date of January 18, 2022, and a payable date of January 19, 2022. The quarterly royalty payment totaled $12,801,452, with $12,437,101 available for distribution after expenses. The average WTI price was $76.91, and the average net production stood at 71.4 mb/d for the quarter.
BP Prudhoe Bay Royalty Trust (NYSE: BPT) announced a dividend of
BP Prudhoe Bay Royalty Trust (NYSE: BPT) has declared a quarterly dividend for the period ending June 30, 2021. The key dates are as follows:
- Ex-Dividend Date: July 14, 2021
- Record Date: July 15, 2021
- Payable Date: July 20, 2021
The dividend rate is set at $0.0243678 per unit, with a reported average daily production of 70,857 BBLS. The Trust received approximately $3.2 million due to favorable WTI prices exceeding the break-even point of $60.72.
BP Prudhoe Bay Royalty Trust (NYSE: BPT) announced its dividend information for Q1 2021. The ex-dividend date is set for April 15, 2021, with the record date on April 16, 2021, and the payable date on April 20, 2021. The dividend rate for this quarter is $0.00 per Unit, reflecting an average daily production of 74,574 barrels. Notably, the WTI average price for the quarter was below the break-even level of $60.72, leading to no royalty payment. Investors are reminded of the investment risks outlined in the Trust’s annual reports.
BP Prudhoe Bay Royalty Trust (BPT) has announced its dividend details for Q4 2020. The ex-dividend date is January 14, 2021, with the record date on January 15 and payment on January 20, 2021. The dividend rate is noted as $0.0000000 per Unit, reflecting a significant challenge due to the average WTI price of $42.66 being below the break-even point of $54.34 for the quarter. Despite the increase in WTI price from Q3, the Trust's revenues did not meet the threshold for positive payments, leading to a net payment of zero.
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