BPT Intrinsic Value Calculator – BP PRUDHOE BAY ROYALTY TRUST Announces Second Quarter Fiscal Year 2023 Earnings Results
August 15, 2023
☀️Earnings Overview
On August 9 2023, BP ($NYSE:BPT) Prudhoe Bay Royalty Trust reported their financial results for the second quarter of fiscal year 2023, ending June 30 2023. The total revenue for the quarter was USD 0.0 million, a 100.0% decrease from the corresponding quarter in the prior year. Net income was USD -0.44 million, compared to USD 23.28 million in the same quarter the previous year.
Market Price
At the close of market, the trust’s stock opened at $7.5 and closed at $6.9, indicating a 1.3% increase from its prior closing price of $6.8. BP Prudhoe Bay Royalty Trust is managed by Wilmington Trust Company, whose mission is to maximize long-term financial returns for its unit holders. The trust invests in oil and gas properties in Alaska’s Prudhoe Bay Field, providing shareholders with a steady stream of dividend payments. With a diversified portfolio of oil and gas assets and expert management from Wilmington Trust Company, the trust remains an attractive investment option for investors looking for steady returns over the long-term. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for BPT. More…
| Total Revenues | Net Income | Net Margin |
| 52.31 | 51.09 | 97.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for BPT. More…
| Operations | Investing | Financing |
| 7.59 | – | -2.01 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for BPT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.62 | 0.16 | 0.04 |
Key Ratios Snapshot
Some of the financial key ratios for BPT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 22.1% | 23.0% | 97.3% |
| FCF Margin | ROE | ROA |
| 80.6% | 5675.5% | 565.9% |
Analysis – BPT Intrinsic Value Calculator
At GoodWhale, we have analyzed the fundamentals of BP PRUDHOE BAY ROYALTY TRUST. Our proprietary Valuation Line has calculated that the fair value of this stock is around $16.4. Currently, BP PRUDHOE BAY ROYALTY TRUST stock is traded at only $6.9, which implies that it is undervalued by 58.0%. This presents a great opportunity for investors to add this stock to their portfolio and benefit from the upside potential. More…
Peers
The competition between BP Prudhoe Bay Royalty Trust and its competitors, Treasure Island Royalty Trust, Chesapeake Granite Wash Trust, and VOC Energy Trust, is intense. Each of these trusts has its own unique set of advantages and disadvantages, which make them competitive in the marketplace. As a result, investors must carefully consider their options before selecting a trust for their portfolio.
– Treasure Island Royalty Trust ($OTCPK:TISDZ)
Chesapeake Granite Wash Trust is an energy exploration and production company that focuses on natural gas and natural gas liquids assets in the Granite Wash formation. The company’s market capitalization as of 2023 is 52.83M, which reflects the value of the company’s outstanding shares. Chesapeake Granite Wash Trust also has an impressive Return on Equity of 10.92%, meaning that the company has been successful in its use of equity to generate profits. This suggests that the company is making effective use of its resources and shareholders are likely to experience returns on their investments.
– Chesapeake Granite Wash Trust ($OTCPK:CHKR)
VOC Energy Trust is an energy trust based in Texas. It is a publicly traded trust that focuses on acquiring and holding oil and natural gas properties for the benefit of its unitholders. As of 2023, VOC Energy Trust has a market cap of 172.04M, which is indicative of the company’s size and value in the industry. Its Return on Equity (ROE) stands at 4.06%. This indicates that for every dollar of shareholders’ equity, it generates $0.04 of earnings. Its ROE is lower than the industry average of 8.22%, which is largely due to its higher debt levels.
Summary
BP Prudhoe Bay Royalty Trust reported a substantial decrease in revenue for the second quarter of fiscal year 2023. Total revenue for the quarter was down 100% from the same period in the prior year, resulting in a net income loss of -$0.44 million. This is in stark contrast to the same quarter from the previous year, which resulted in a net income of $23.28 million. Investors should take note of this sharp decline in revenue and take care to assess the current and future performance of BP Prudhoe Bay Royalty Trust before investing.
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