Welcome to our dedicated page for Eca Marcel news (Ticker: ECTM), a resource for investors and traders seeking the latest updates and insights on Eca Marcel stock.
ECA Marcellus Trust I (ECTM) is a statutory trust that holds royalty interests in natural gas properties associated with Greylock Energy LLC and certain of its wholly owned subsidiaries in the Marcellus Shale formation in Greene County, Pennsylvania. The Trust’s news flow is closely tied to its quarterly distribution announcements and related operational and financial disclosures.
On this page, readers can follow recurring press releases in which the Trustee reports whether a quarterly cash distribution will be paid, and in what amount, based on proceeds received from the sale of natural gas production. These announcements explain how production levels, natural gas prices, administrative expenses and cash reserve withholdings have affected the Trust’s cash available for distribution in each period. In some quarters, the Trust has reported that expenses offset net revenues, resulting in no distribution.
The Trust’s news releases also describe its ongoing cash reserve program for future known, anticipated or contingent expenses or liabilities. They outline the targeted reserve level, the amounts withheld from distributions to build that reserve and the Trustee’s ability to adjust the target or withholding rate over time. In addition, the releases include qualified tax notices addressing U.S. federal income tax withholding requirements for non-U.S. holders and for transfers of Trust units, referencing relevant Internal Revenue Code provisions and regulations.
Investors and researchers can use this news feed to review the Trust’s historical and recent distribution patterns, understand how commodity price volatility has influenced proceeds, and see how the Trustee manages reserves and communicates tax-related obligations. Regularly reviewing these updates can help users track changes in distribution levels, reserve policies and other factors described in the Trust’s public statements.
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ECA Marcellus Trust I (OTC Pink: ECTM) announced a quarterly distribution of $0.124 per unit for the period ending December 31, 2022, expected on or before February 28, 2023. The Trust will withhold the greater of $90,000 or 10% of available funds per quarter to build a cash reserve of approximately $3.8 million for future expenses. The amount of quarterly distributions may fluctuate based on proceeds from natural gas sales and commodity prices, which have shown significant volatility. Factors such as low natural gas prices may reduce the amount of cash available for distribution to unitholders.
ECA Marcellus Trust I (OTC Pink: ECTM) announced a quarterly distribution of $0.180 per unit for the period ending September 30, 2022, set for distribution on or before November 29, 2022. The Trust will withhold $90,000 or 10% of funds for a cash reserve aimed at covering future expenses, totaling approximately $3.8 million. This reserve strategy may influence future distributions. The Trust's cash flow and distributions are subject to natural gas price volatility, which could lead to reduced cash available for unitholders.
ECA Marcellus Trust I (OTC Pink: ECTM) announced a quarterly distribution of $0.176 per unit for the quarter ending June 30, 2022. This payment is scheduled for distribution on or before August 31, 2022, to unitholders on record as of August 19, 2022. The Trust continues to withhold funds to build a cash reserve, now targeted at $3.8 million, impacting future distributions possibly due to fluctuations in natural gas prices, which remain volatile. The company does not guarantee future distributions due to these price risks.
ECA Marcellus Trust I (OTC Pink: ECTM) announced a quarterly distribution of
ECA Marcellus Trust I (OTC Pink: ECTM) has announced a quarterly distribution of $0.136 per unit for the period ending December 31, 2021, expected to be paid by February 28, 2022. The Trust will withhold the greater of $90,000 or 10% of quarterly distributions to build a cash reserve, raising the target to $3.8 million. This reserve is intended for future expenses. The Trust's revenue is influenced by natural gas prices, which remain volatile and may affect future distributions.
ECA Marcellus Trust I (OTC Pink: ECTM) has announced a quarterly distribution of $0.076 per unit for the quarter ending September 30, 2021, expected to be paid by November 30, 2021. The Trust will withhold $149,000 to build a cash reserve aimed at covering future expenses, targeting $1,800,000 in total. The amount of distributions may fluctuate based on production proceeds, gas prices, and expenses. Notably, continuing low natural gas prices could further reduce proceeds and distributions to unitholders.
ECA Marcellus Trust I (OTC Pink: ECTM) announced a distribution of $0.028 per unit for the quarter ending June 30, 2021, to be paid by August 31, 2021, to holders of record by August 20, 2021. The Trust has begun withholding the greater of $90,000 or 10% of available funds each quarter to build a cash reserve of $1,800,000 for future liabilities. The Trust's distribution is affected by natural gas prices and production, which have shown volatility, particularly due to the COVID-19 pandemic. This distribution may fluctuate based on these factors.
ECA Marcellus Trust I (OTC Pink: ECTM) announced a distribution of $0.031 per unit for the quarter ending March 31, 2021, to be paid on or before May 26, 2021. This is part of the Trust's strategy to gradually build a cash reserve of approximately $1,800,000 by withholding either $90,000 or 10% of quarterly funds. The Trust's ability to distribute funds is dependent on natural gas prices and production, which are currently affected by volatility. The pandemic's impact may continue to influence natural gas prices and, subsequently, future distributions.
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