Quarterly ResultNov 12, 2026, 05:26 PM
Gulf Coast Ultra Deep Royalty Trust Reports $694K Trust Corpus Deficit
AI Summary
Gulf Coast Ultra Deep Royalty Trust filed its 10-Q for the period ending September 30, 2026. The Trust reported a deficit in trust corpus of $693,997 and no royalty income for the period due to the abandonment of its sole producing well. Administrative expenses were $496,784 for the nine months, and the Trust has an outstanding note payable to HOGA of $549,078. No distributable income was generated, and no distributions were made to unitholders.
Key Highlights
- Gulf Coast Ultra Deep Royalty Trust reported a deficit in trust corpus of $693,997 as of September 30, 2026.
- Administrative expenses for the nine months ended September 30, 2026, were $496,784.
- The Trust did not receive any royalty income for the three- and nine-month periods ended September 30, 2026.
- Outstanding note payable to HOGA was $549,078 as of September 30, 2026.
- The sole producing well on the onshore Highlander subject interest has been plugged and abandoned.
- No distributable income was reported for the three- and nine-month periods ended September 30, 2026.
Price Impact
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