BP Prudhoe Bay Royalty Trust Announces No Unit Payment for the Third Quarter of 2024
BP Prudhoe Bay Royalty Trust (BPT)
US:NYSE Investor Relations:
bpt.investorhq.businesswire.com
Company Research
Source: Business Wire
HOUSTON--(BUSINESS WIRE)--BP Prudhoe Bay Royalty Trust (NYSE: BPT) announced that unitholders will not receive a dividend payment for the quarter ended September 30, 2024. The dividend information is as follows:Ex-Dividend Date:October 14, 2024Record Date:October 15, 2024Payable Date:NoneDividend Rate:$0.00 per UnitAs provided in the Trust Agreement, the quarterly royalty payment by Hilcorp North Slope, LLC to the Trust is the sum of the individual revenues attributed to the Trust as calculated each day during the quarter. The amount of revenue is determined by multiplying Royalty Production for each day in the calendar quarter by the Per Barrel Royalty for that day. Pursuant to the Trust Agreement, the Per Barrel Royalty for any day is the WTI Price for the day less the sum of (i) Chargeable Costs multiplied by the Cost Adjustment Factor and (ii) Production Taxes.For the three months ended September 30, 2024, the Per Barrel Royalty was calculated based on the following informatio
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