Category Archives: BP Prudhoe Bay Royalty Trust

BPT Guess the Financials Game 070615

Summary of Key Metrics: (Click to view) Statements of Cash Earnings and Distributions: (Click to view) I will continue to adjust the Production Tax calculations to try and reduce that margin of error in the model. Another key assumption for … Continue reading

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BPT 1Q15 Guess the Financials Results

BPT posted its 10-Q for the period ending March 31, 2015 on May 8. (10-Q Filing) Here is the comparison of actual results to my modeled estimates. Summary of Key Metrics: (Click to view) Statements of Cash Earnings and Distributions: … Continue reading

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BPT 2Q15 Distribution Announcement 040715

Last night BP Prudhoe Bay Royalty Trust announced a 2Q15 distribution of $0.9989143, which was about 4.6% higher than my modeled estimate of $0.9553. The average production in the press release was 92,225 Bbls/day, which was ~3.5% lower than my estimate … Continue reading

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BPT 1Q15, 2Q15 Financial Estimates and 2Q15 Distribution Estimate 040115

Here are my updated estimates for their 1Q and 2Q financials and my final estimate for their next distribution. They may announce the next Distribution on or around April 3. I will provide updated numbers after the distribution announcement and … Continue reading

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Guess the BPT 1Q15 Financials Game

All financial modeling involves estimates and assumptions which means that all financial models have a margin of error (and that margin of error can be rather significant). However, it is still beneficial to go through the brain damage of creating … Continue reading

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BPT and the Joy of Financial Modeling

After having some fun discussions on a Seeking Alpha article and some discussions on Twitter I decided to put together a very basic projection model for BP Prudhoe Bay Royalty Trust. I have no positions related to BPT at all and … Continue reading

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