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BP Prudhoe Bay Royalty Trust(BPT) - 2024 Q4 - Annual Results
2025-01-06 21:10
Termination of BP Prudhoe Bay Royalty Trust - BP Prudhoe Bay Royalty Trust did not receive a royalty payment for the quarter ended December 31, 2024, and will not make a quarterly cash distribution to unitholders[5] - The Trust terminated at 11:59 PM on December 31, 2024, due to no revenue received for any of the four quarters of 2023 or 2024[5] - The Trust terminated as per the Trust Agreement when net revenues from the Royalty Interest were less than $1.0 million per year for two successive years[12] NYSE Delisting and Compliance Issues - The Trust received a delisting notice from NYSE as the average closing price of its units was less than $1.00 over 30 consecutive trading days[6] - The Trust must regain compliance with NYSE listing standards within six months by achieving a closing unit price of at least $1.00 and an average closing unit price of at least $1.00 over 30 trading days[7] - The Trust has no control over the trading price of its units and cannot take actions like a reverse split without unitholder approval[8] Potential Impact of Delisting - If delisted, the Trust's units may be transferred to the over-the-counter market, potentially affecting market price, trading volume, liquidity, and resale price[10]
BP Prudhoe Bay Royalty Trust(BPT) - 2024 Q3 - Quarterly Report
2024-11-12 21:05
Table of Contents Securities registered pursuant to Section 12(b) of the Act: UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or For the transition period from to Commission File Number 1-10243 BP PRUDHOE BAY ROYALTY TRUST (Exact Name ...
BP Prudhoe Bay Royalty Trust(BPT) - 2024 Q3 - Quarterly Results
2024-10-04 20:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each classTrading Symbol(s)Name of each exchange on which registered Units of Beneficial Interest BPT New York Stock Exchange FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 4, 2024 BP Prudhoe Bay Royalty Trust (Exact name of registrant as specified in its charter) Delaware 1-10243 13-6943724 (State or other jurisdiction of ...
BP Prudhoe Bay Royalty Trust(BPT) - 2024 Q2 - Quarterly Report
2024-08-09 20:05
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------|------------------------- ...
Top 4 Energy Stocks That May Rocket Higher In Q3
Benzinga· 2024-07-29 11:25
The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies. ` On July 22, Truist Securities analyst Neal Dingmann maintained Chesapeake Energy with a Buy and lowered the price target from $112 to $108. The company's stock fell around 4% over the past five days and has a 52-week low of $72.84. RSI Value: 28.39 CHK Price Action: Shares of Chesapeake Energy gained 0.5% to close at $77.79 on Friday. Benzinga Pro's real-time newsfeed alerted to latest Chesapeake Energ ...
BP Prudhoe Bay Royalty Trust(BPT) - 2024 Q2 - Quarterly Results
2024-07-05 20:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 BP Prudhoe Bay Royalty Trust (Exact name of registrant as specified in its charter) Delaware 13-6943724 (State or other jurisdiction of incorporation) (IRS Employer Identification No.) Not applicable (Former name or former address, if changed since last report.) | --- | --- | --- | |------------------------------------|-------------------|------------- ...
BP Prudhoe Bay Royalty Trust(BPT) - 2024 Q1 - Quarterly Report
2024-05-09 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or Symbol(s)Name of each exchange on which registered Table of Contents TABLE OF CONTENTS Item 1. Legal Proceedings 13 Item 1A. Risk Factors 13 Item 2. Unregistered Sales of Equity Securities, Use of P ...
BP Prudhoe Bay Royalty Trust(BPT) - 2024 Q1 - Quarterly Results
2024-04-05 20:05
Registrant's telephone number, including area code: (713) 483-6020 SIGNATURES CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Item 9.01. Financial Statements and Exhibits. FORM 8-K BP Prudhoe Bay Royalty Trust (Exact name of registrant as specified in its charter) Delaware 13-6943724 (State or other jurisdiction of incorporation) (IRS Employer Identification No.) The Bank of New York Mellon Trust Company, N.A., Trustee 601 Travis Street 16th Floor Houston, Texas 77002 ( ...
BP Prudhoe Bay Royalty Trust(BPT) - 2023 Q4 - Annual Report
2024-03-13 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-10243 BP PRUDHOE BAY ROYALTY TRUST (Exact name of registration as specified in its charter) Delaware 13-6943724 (State or other jurisdiction of incorporation or o ...
3 Doomed Oil Stocks to Dump Before They Dive: February 2024
InvestorPlace· 2024-02-08 23:33
In 2023, energy enterprises grappled with a formidable challenge, a stark departure from the robust rally witnessed in the two preceding years. The Energy Select Sector SPDR Fund (NYSEARCA:XLE), a vital benchmark, mirrored the plight of the doomed oil stocks with a 2.33% share price decline in the tumultuous past year. As we look ahead to 2024, projections indicate that crude oil prices will stabilize around the $80 per barrel range. Although the Organization of the Petroleum Exporting Countries and its all ...