---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-154122"
form_type: "8-K"
ticker: null
cik: "0000850033"
company_name: "BP PRUDHOE BAY ROYALTY TRUST"
filed_at: "2025-07-01T23:59:59+00:00"
generated_at: "2026-05-18T11:30:46.422967+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BPT Trust reports no Q2 2025 distribution; NYSE delisting effective June 30

## Summary
- No cash distribution for quarter ended June 30, 2025; royalty payment was $0 due to negative per barrel royalty.
- Average WTI price $63.95 vs. average adjusted chargeable costs $99.63, yielding negative $37.83 per barrel royalty.
- NYSE suspended trading of BPT units on June 30, 2025, and initiated delisting proceedings for non-compliance with Rule 802.01C.
- Units began trading July 1 on OTC Pink under symbol BPPTU; liquidity and price expected to be significantly reduced.
- Trust terminated on December 31, 2024; trustee is winding up affairs, no timeline for completion.

## SEC filing metadata
- accession: 0001193125-25-154122
- form_type: 8-K
- cik: 0000850033
- company_name: BP PRUDHOE BAY ROYALTY TRUST
- filed_at: 2025-07-01T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 3.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/850033/000119312525154122/0001193125-25-154122-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/850033/000119312525154122/d889658d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-154122
- JSON: https://secwatch.observer/filing/0001193125-25-154122.json
- Plain text: https://secwatch.observer/filing/0001193125-25-154122.txt

## Key facts
- Listing & Compliance Notices
  BP PRUDHOE BAY ROYALTY TRUST received a nyse delisting notice notice regarding minimum bid price (rules 802.01C).
  - Exchange: nyse
  - Notice: delisting notice
  - Deficiency: minimum bid price
  - Rules: 802.01C
  source text: June 30, 2025, the NYSE announced the suspension of trading of the Units due to non-compliance with Rule 802.01C of the NYSE Listed Company Manual, effective as of the close of trading on June 30, 2025, and announced that it was initiating proceedings to delist the Units. As a result of the NYSE suspension of trading, the Units began trading on July 1, 2025, under the symbol “BPPTU” on the Pink Limited Market (“OTC Pink”), which is operated by OTC Markets Group, Inc. To be quoted on OTC Pink, a market maker must sponsor the security and comply with SEC Rule 15c2-11 before it can initiate a quo
  evidence_url: https://www.sec.gov/Archives/edgar/data/850033/000119312525154122/0001193125-25-154122-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.