Gulf Coast Ultra Deep Royalty Trust
Market Movers (8-K)
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Gulf Coast Ultra Deep Royalty Trust has dismissed Ernst & Young as its independent auditor and engaged Weaver and Tidwell, L.L.P. effective August 2, 2024.
Quarterly Earnings (10-Q)
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Gulf Coast Ultra Deep Royalty Trust reports no royalty income for Q1 2026 due to the abandonment of its sole producing well, with administrative expenses covered by HOGA.
Worse than expected
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Gulf Coast Ultra Deep Royalty Trust reported no royalty income for the quarter ended September 30, 2025, as it awaits results from a new well, while its debt to operator HOGA increased.
Delay expected
Capital raise
Worse than expected
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Gulf Coast Ultra Deep Royalty Trust reports no royalty income and continued administrative expenses, with a new well spudded in January 2025 expected to reach target depth by Q4 2025.
Capital raise
Worse than expected
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Gulf Coast Ultra Deep Royalty Trust reports no distributable income for the first quarter of 2025 due to the abandonment of its sole producing well and ongoing drilling of a new well.
Worse than expected
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Gulf Coast Ultra Deep Royalty Trust reports no distributable income for the third quarter of 2024 as the sole producing well was plugged and abandoned, eliminating royalty income.
Worse than expected
Delay expected
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Gulf Coast Ultra Deep Royalty Trust reports no royalty income for the second quarter of 2024 as the sole producing well on its onshore Highlander subject interest was plugged and abandoned.
Worse than expected
Delay expected
Annual Reports (10-K)
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Gulf Coast Ultra Deep Royalty Trust reports no distributable income for 2025 and 2024, with future distributions dependent on a newly drilled well whose production status remains unknown.
Worse than expected
Delay expected
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10-K: Gulf Coast Ultra Deep Royalty Trust Reports Zero Royalty Income for 2024 Amid Well Abandonment
Gulf Coast Ultra Deep Royalty Trust reports no royalty income for 2024 due to the abandonment of its sole producing well, casting doubt on future distributions.
Worse than expected
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Gulf Coast Ultra Deep Royalty Trust reports no proved reserves and anticipates no future income after the abandonment of its only producing well.
Worse than expected
Delay expected
Insider Trading (Form 4)
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Neil Subin, a director of Gulf Coast Ultra Deep Royalty Trust, reported the indirect disposal of millions of common stock shares through various entities on November 27, 2024.
Worse than expected
Schedule 13G - Passive Investments
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Individual investor Thomas Gregory Galluccio has filed a Schedule 13G reporting a 5.6% beneficial ownership stake in Gulf Coast Ultra Deep Royalty Trust.