MARINE PETROLEUM TRUST ANNOUNCES FIRST QUARTER CASH DISTRIBUTION

Rhea-AI Summary

Marine Petroleum Trust (NASDAQ: MARPS) has announced its Q1 2025 cash distribution of $0.077052 per unit, payable on March 28, 2025, to unitholders of record on February 28, 2025. This distribution represents a decrease from both the previous quarter's $0.102923 and the year-ago quarter's $0.101611 per unit.

The decline in distribution is attributed to decreased oil and natural gas production volumes compared to the previous quarter. While natural gas prices increased quarter-over-quarter, oil prices decreased. Compared to Q1 2024, oil production volume decreased while natural gas volume increased, with prices for both commodities showing declines.

Positive

• Natural gas production volume increased year-over-year
• Natural gas prices improved quarter-over-quarter

Negative

• Quarterly distribution decreased 25.1% from $0.102923 to $0.077052 per unit
• Oil and natural gas production volumes declined quarter-over-quarter
• Oil prices decreased quarter-over-quarter
• Both oil and natural gas prices decreased year-over-year
• Oil production volume decreased year-over-year

DALLAS, Feb. 18, 2025 /PRNewswire/ -- Marine Petroleum Trust (NASDAQ: MARPS) ("Marine") today declared a quarterly cash distribution to the holders of its units of beneficial interest of $0.077052 per unit, payable on March 28, 2025, to unitholders of record on February 28, 2025.  Marine's 2024 tax information, cash distribution history, current and prior year financial reports, a link to filings made with the Securities and Exchange Commission and more can be found on its website at http://www.marps-marine.com/.  Additionally, printed reports can be requested and are mailed free of charge.

This distribution of $0.077052 per unit is lower than the $0.102923 per unit distributed last quarter.  The volumes of both oil and natural gas produced have decreased when compared to the previous quarter.  Pricing for oil has decreased, while natural gas prices have increased as compared to last quarter. This distribution is lower than the $0.101611 per unit distributed in the comparable quarter in 2024.  As compared to the same quarter in 2024, there was a decrease in the volume of oil produced while the volume of natural gas increased. As compared to the same quarter in 2024, prices realized for both oil and natural gas have decreased.

Marine's distributions to unitholders are determined by royalties received up to the date the distribution amount is declared. In general, Marine receives royalties two months after oil production and three months after natural gas production.

Contact:	Jana Egeler
	VP, Royalty Trust Services
	Argent Trust Company, Trustee
	Toll Free – 1.855.588-7839

 

View original content:https://www.prnewswire.com/news-releases/marine-petroleum-trust-announces-first-quarter-cash-distribution-302378053.html

SOURCE Marine Petroleum Trust

FAQ

What is Marine Petroleum Trust's Q1 2025 distribution amount per unit?

Marine Petroleum Trust (MARPS) declared a Q1 2025 distribution of $0.077052 per unit.

When is MARPS Q1 2025 distribution payable?

The distribution is payable on March 28, 2025, to unitholders of record on February 28, 2025.

How does MARPS Q1 2025 distribution compare to the previous quarter?

The Q1 2025 distribution of $0.077052 is lower than the previous quarter's distribution of $0.102923 per unit.

How does MARPS Q1 2025 distribution compare to the same quarter last year?

The Q1 2025 distribution of $0.077052 is lower than the Q1 2024 distribution of $0.101611 per unit.

What factors affected MARPS Q1 2025 distribution?

The distribution was affected by decreased oil and natural gas production volumes, lower oil prices quarter-over-quarter, and decreased prices for both oil and natural gas year-over-year.