Gulf Coast Ultra Deep Royalty Trust (GULTU)
Gulf Coast Ultra Deep Royalty Trust is structured as a statutory trust. Its primary asset is a 5% gross overriding royalty interest, which is derived from future production generated by McMoRan Oil & Gas LLC's lower tertiary/cretaceous exploration prospects. These prospects are situated in both the shallow waters of the Gulf of Mexico and various onshore locations throughout South Louisiana. The trust's corporate headquarters are located in Houston, Texas.
Sector: Crude Petroleum & Natural Gas
Industry: Oil & Gas Exploration & Production
Gulf Coast Ultra Deep Royalty Trust
OTC:GULTUEnergy · Oil & Gas Exploration & Production
Mkt Cap-
Float117.17M
O/S-
Inst Own-
SI0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$978
Net Income-$562K
Total Assets$1.08M
Free Cash Flow-$21.78M
Debt & Equity
Total Debt$0
Total Equity-$548K
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in GULTU's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.08M
Liabilities$1.63M
Accounts Receivable$0
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Revenue | $978 | $4K | $417K | $2.47M | $1.18M | $790K | $1.39M | $1.46M | $1.38M | $836K | $302K | $0 | $0 |
| YoY Growth | -73.8% | -99.1% | -83.1% | 109.4% | 49.4% | -43.0% | -5.3% | 6.2% | 64.7% | 176.9% | - | - | - |
| Cost of Revenue | $0 | $0 | $0 | $0 | $0 | $214K | $472K | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $978 | $4K | $417K | $2.47M | $1.18M | $576K | $914K | $1.46M | $1.38M | $836K | $302K | $0 | $0 |
| Gross Margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 72.9% | 66.0% | 100.0% | 100.0% | 100.0% | 100.0% | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $563K | $899K | $470K | $604K | $565K | $617K | $589K | $631K | $534K | $601K | $616K | $603K | $606K |
| Other | $0 | $0 | $0 | $0 | $0 | -$214K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $563K | $899K | $470K | $604K | $565K | $403K | $589K | $631K | $534K | $601K | $616K | $603K | $606K |
| Operating Income (EBIT) | -$563K | -$899K | -$470K | $1.87M | $616K | -$617K | $797K | $832K | $843K | -$601K | -$314K | -$603K | -$606K |
| Operating Margin | -57527.5% | -24056.7% | -112.6% | 75.6% | 52.2% | -78.1% | 57.5% | 56.9% | 61.2% | -71.9% | -104.0% | - | - |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $978 | $4K | $16K | $9K | $35 | $2K | $9K | $6K | $2K | $928 | $0 | $0 | $4 |
| Other Income (Expense) | $562K | $0 | $667K | -$35K | -$9K | $0 | $9K | $6K | $2K | $837K | $0 | $0 | $0 |
| Income Before Tax (EBT) | $0 | -$896K | $197K | $1.84M | $608K | $175K | $806K | $838K | $845K | $235K | -$314K | -$603K | -$606K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$6K | $0 | -$928 | $0 | $0 | -$4 |
| Net Income | -$562K | -$896K | $197K | $1.84M | $608K | $175K | $806K | $838K | $356K | $235K | -$314K | -$603K | -$606K |
| Net Income Margin | -57427.5% | -23968.9% | 47.3% | 74.5% | 51.4% | 22.2% | 58.2% | 57.3% | 25.9% | 28.2% | -104.0% | - | - |
| Supplementary Data | |||||||||||||
| EPS | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | -0.00 | -0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | -0.00 | -0.00 |
| Weighted Average OS | 230.17M | 230.17M | 230.17M | 230.17M | 230.17M | 230.17M | 230.17M | 230.17M | 230.17M | 230.17M | 230.17M | 230.17M | 230.17M |
| EBITDA | -$563K | -$899K | -$448K | $2M | $763K | $389K | $1.27M | $838K | $843K | $235K | -$314K | -$603K | -$606K |
| EBITDA Margin | -57527.5% | -24068.9% | -107.4% | 81.0% | 64.6% | 49.2% | 91.5% | 57.3% | 61.2% | 28.1% | -104.0% | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $20K | $16K | $44K | $916K | $756K | $321K | $412K | $505K | $457K | $262K | $176K | $140K | $194K | $10 |
| Short-Term Investments | $0 | $15.56M | $0 | $0 | $0 | $0 | $0 | $0 | $1M | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $20K | $15.57M | $44K | $916K | $756K | $321K | $412K | $505K | $1.46M | $262K | $176K | $140K | $194K | $10 |
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $1.12M | $1.07M | $1.05M | $1.05M | $1.05M | $1.02M | $2K | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $20K | $15.57M | $1.16M | $1.98M | $1.81M | $1.38M | $1.46M | $1.53M | $1.46M | $262K | $176K | $140K | $194K | $10 |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $330K | $463K | $610K | $824K | $1.3M | $2M | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $330K | $463K | $0 | $824K | $1.3M | $0 | $3.75M | $6.09M | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $1.06M | -$14.53M | $0 | -$330K | -$463K | $0 | -$824K | -$1.3M | $0 | $1M | $1M | $169.57M | $401.3M | $0 |
| Total Long-Term Assets | $1.06M | -$14.53M | $0 | $330K | $463K | $610K | $824K | $1.3M | $2M | $4.75M | $7.09M | $169.57M | $401.3M | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.08M | $1.04M | $1.16M | $2.31M | $2.27M | $1.99M | $2.28M | $2.83M | $3.46M | $5.01M | $7.26M | $169.71M | $401.49M | $10 |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $1.05M | $1.05M | $1.02M | $1.01M | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $0 | $0 | $0 | $0 | $0 | $1.05M | $1.05M | $1.02M | $1.01M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $0 | $200K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $500K | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $1.63M | $1.17M | $1.12M | $1.07M | $1.05M | $1.05M | $0 | $0 | $0 | $1M | $0 | $1.65M | $1.45M | $0 |
| Total Long-Term Liabilities | $1.63M | $1.37M | $1.12M | $1.07M | $1.05M | $1.05M | $0 | $0 | $0 | $1.5M | $1.65M | $1.65M | $1.45M | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | -$1.05M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.63M | $1.37M | $1.12M | $1.07M | $1.05M | $1.05M | $1.05M | $1.02M | $1.01M | $1.5M | $1.65M | $1.65M | $1.45M | $0 |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | -$548K | -$336K | $44K | $1.25M | $1.22M | $931K | $1.24M | $1.8M | $0 | $3.51M | $5.61M | $0 | $0 | $0 |
| Retained Earnings | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.45M | $0 | $0 | $168.06M | $400.04M | $10 |
| Total Equity | -$548K | -$336K | $44K | $1.25M | $1.22M | $931K | $1.24M | $1.8M | $2.45M | $3.51M | $5.61M | $168.06M | $400.04M | $10 |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.08M | $1.04M | $1.16M | $2.31M | $2.27M | $1.99M | $2.28M | $2.83M | $3.46M | $5.01M | $7.26M | $169.71M | $401.49M | $10 |
| Supplementary Data | ||||||||||||||
| Total Debt | $0 | $200K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $500K | $650K | $0 | $0 | $0 |
| Net Debt | -$20K | $184K | -$44K | -$916K | -$756K | -$321K | -$412K | -$505K | -$457K | $238K | $474K | -$140K | -$194K | -$10 |
Cash Flow Statement
| Period | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Operating Activities | |||||||
| Net Income | $197K | $1.84M | $498K | $175K | $162K | $838K | $356K |
| Depreciation & Amortization | $22K | $133K | $146K | $214K | $472K | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Non-Cash Items | -$22M | -$98K | -$351K | $39K | $309K | -$838K | -$356K |
| Net Cash from Operating | -$21.78M | $1.88M | $293K | $428K | $943K | $0 | $0 |
| Investing Activities | |||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | |||||||
| Debt Repaid | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $0 | $170K | $435K | -$84K | -$70K | $0 | $0 |
| Supplementary Data | |||||||
| Operating Cash Flow | -$21.78M | $1.88M | $293K | $428K | $943K | $0 | $0 |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | -$21.78M | $1.88M | $293K | $428K | $943K | $0 | $0 |
| Cash at Beginning | $1.98M | $1.81M | $1.38M | $1.46M | $1.53M | $0 | $0 |
| Cash at End | $939K | $1.98M | $1.81M | $1.38M | $1.46M | $0 | $0 |