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Stock impact report

BP Prudhoe Bay Royalty Trust Announces No Unit Payment for First Quarter 2020

BP Prudhoe Bay Royalty Trust (BPT) 
US:NYSE Investor Relations: bpt.investorhq.businesswire.com
Company Research Source: Business Wire
  HOUSTON--(BUSINESS WIRE)--This is to advise you that BP Prudhoe Bay Royalty Trust (NYSE: BPT) announces that the dividend information for the First Quarter of 2020 is as follows: Ex- Dividend Date:April 15, 2020Record Date:April 16, 2020Payable Date:April 20, 2020  Dividend Rate:$0.00 per Unit**Actual average daily production for the quarter was 77,357 BBLS.As provided in the Trust Agreement of the Trust, the quarterly royalty payment by BP Alaska to the Trust is the sum of the individual revenues attributed to the Trust as calculated each day during the quarter. The amount of such revenues is obtained 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. As discussed in Item 1A “RISK FACTORS”, of the Trust’s Annual Report on Show less Read more
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