Company: GULTU
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021996
Chunk: 0

Company: Gulf Coast Ultra Deep Royalty Trust
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item
1.Financial Statements.

GULF
COAST ULTRA DEEP ROYALTY TRUST

STATEMENTS
OF ASSETS, LIABILITIES AND TRUST CORPUS

                                                     September 30,                     December 31,                 
                                                     2025                              2024                         
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  ASSETS                                                                                                            
  Operating cash                                     $                     20,205      $                    15,571  
  Reserve fund cash and                                                 1,052,849                        1,020,456  
  Total assets                                       $                  1,073,054      $                 1,036,027  
  LIABILITIES AND TRUST                                                                                             
  Reserve fund liability                             $                  1,204,480      $                 1,172,088  
  Note Payable to HOGA                                                    361,664                          200,000  
  Trust corpus (230,172,696 royalty trust units                                                                     
  outstanding as of September 30, 2025 and                               (493,090                         (336,061  
  Total liabilities and                              $                  1,073,054      $                 1,036,027  

The
accompanying notes are an integral part of these financial statements.

   3  

GULF
COAST ULTRA DEEP ROYALTY TRUST

STATEMENTS
OF DISTRIBUTABLE INCOME (Unaudited)

                                                Three Months Ended                                                  Nine Months Ended                                    
                                                September                                                           September                                            
                                                30,                                                                 30,                                                  
                                                2025                                     2024                       2025                                                 
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Interest income and other                     $                               222      $                 263      $                              764            3,520  
  Administrative expenses                                                  (108,445                    (84,282                                (507,793         (662,047  
  Administrative                                $                          (108,223      $             (84,019      $                         (507,029         (658,527  
  Royalty                                                               230,172,696                230,172,696                             230,172,696      230,172,696  

The
accompanying notes are an integral part of these financial statements.

   4  

GULF
COAST ULTRA DEEP ROYALTY