Gulf Coast Ultra Deep Royalty Trust reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net income was USD 0.65741 million compared to USD 0.029304 million a year ago. Basic earnings per share from continuing operations was USD 0.002856 compared to USD 0.000127 a year ago.
For the nine months, net income was USD 1.22 million compared to USD 0.109892 million a year ago. Basic earnings per share from continuing operations was USD 0.005304 compared to USD 0.000477 a year ago.