Dominion Resources Black Warrior Trust (PK:DOMR)
Business Focus: Coal
| Sector: Energy | Industry: Coal |
| Company Contact | |
| Address: | C/O NATIONSBANK OF TEXAS NA 901 MAIN ST - 12TH FLR DALLAS TX 75283-0308 |
| Tel: | N/A |
| Website: | https://www.dom-dominion.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Dominion Resources Black Warrior Trust is a business trust. The Trust acquires and holds certain overriding royalty interests (the Royalty Interests) burdening proved natural gas properties located in the Pottsville coal formation of the Black Warrior Basin, Tuscaloosa County, Alabama (the Underlying Properties) owned by Walter Black Warrior Basin LLC. All of the Underlying Properties consist of producing properties. The Royalty Interests are the assets of the Trust other than cash and temporary investments being held for the payment of expenses and liabilities and for distribution to the Unitholders. The Trust collects the proceeds attributable to the Royalty Interests entitling the holder thereof to approximately 65% of the Gross Proceeds derived from the Dominion Black Warrior Basin, Inc. (Company) Interests (the Company's interest in natural gas properties in which the Company has an interest located in Alabama), and makes cash distributions to Unitholders. |
| Financial Overview |
| For the nine months ended 30 September 2015, Dominion Resources Black Warrior Trust revenues decreased 49% to $2.7M. Net income decreased 68% to $1.4M. Revenues reflect Interest income remaining flat at $0K. Net income also reflects General and administrative increase of 37% to $1.3M (expense). Dividend per share decreased from $0.56 to $0.27. Basic Earnings per Share excluding Extraordinary Items decreased from $0.57 to $0.18. |
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