Contango ORE Q2 2024 Earnings Report

Contango ORE EPS Results

• Actual EPS: -$1.90
• Consensus EPS: -$1.40
• Beat/Miss: Missed by -$0.50
• One Year Ago EPS: N/A

Contango ORE Revenue Results

• Actual Revenue: N/A
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Contango ORE Announcement Details

• Quarter: Q2 2024
• Date: 8/13/2024
• Time: After Market Closes
• Conference Call Date: Tuesday, August 13, 2024
• Conference Call Time: 7:00AM ET

Contango ORE (NYSEAMERICAN:CTGO) Royalty Trust (NYSE American: CTGO) is a grantor royalty trust that holds net overriding royalty interests in oil and gas properties. As a non‐operating entity, the trust itself does not engage in exploration, drilling or production activities but instead receives a percentage of revenues generated by producing wells. This structure offers investors exposure to commodity price movements and production volumes without the direct capital expenditure or operational risks associated with upstream oil and gas companies.

The trust’s assets consist primarily of royalty interests in offshore leases located on the continental shelf of the Gulf of Mexico. Under its agreements, Contango ORE Royalty Trust is entitled to a fixed portion of production proceeds from these properties, covering both oil and natural gas output. The revenue streams are derived from multiple operators active in the region, providing a diversified set of producing wells across established fields.

Established in 1987 by Contango Oil & Gas Company, Contango ORE Royalty Trust was organized to deliver regular income distributions to unitholders. The trust is administered by Wilmington Trust Company, which serves as trustee and oversees the collection and distribution of royalty payments in accordance with the trust agreement. Units of the trust trade on the NYSE American under the ticker CTGO, offering investors a passive, income‐focused vehicle tied to Gulf of Mexico production.