MARINE PETROLEUM TRUST ANNOUNCES SECOND QUARTER CASH DISTRIBUTION
Marine Petroleum Trust (NASDAQ: MARPS) declared a quarterly cash distribution of $0.096470 per unit, payable June 29, 2026, to unitholders of record on May 29, 2026.
Rhea-AI Summary
Marine Petroleum Trust (NASDAQ: MARPS) declared a quarterly cash distribution of $0.096470 per unit, payable June 29, 2026, to unitholders of record on May 29, 2026.
The per-unit distribution is lower than both the prior quarter and the comparable quarter in 2025, reflecting changes in production volumes and realized commodity prices.
Positive
- Quarterly cash distribution of $0.096470 per unit declared
- Natural gas production volume increased versus prior quarter
- Realized natural gas prices rose versus both prior-year and prior quarter
Negative
- Distribution per unit down from $0.101614 in prior quarter
- Distribution per unit down from $0.110983 in comparable 2025 quarter
- Oil production volume decreased versus prior quarter
- Natural gas production volume decreased versus comparable 2025 quarter
- Realized oil prices declined versus both prior-year and prior quarter
Key Figures
- Current distribution
- $0.096470 per unit
- Quarterly cash distribution declared for Q2 2026
- Payable date
- June 29, 2026
- Payment date for Q2 2026 distribution
- Record date
- May 29, 2026
- Unitholders of record eligible for Q2 2026 payout
- Prior quarter distribution
- $0.101614 per unit
- Previous quarterly distribution, now exceeded by the new lower payout
- Prior year comparable distribution
- $0.110983 per unit
- Distribution in comparable quarter of 2025, higher than current
- Oil royalty timing
- 2 months lag
- Royalties received about two months after oil production
- Gas royalty timing
- 3 months lag
- Royalties received about three months after natural gas production
- Market cap
- $9,950,000
- Equity value before this distribution announcement
Key Terms
units of beneficial interest financial
royalties financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
This distribution of
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: | Nancy Willis |
Director of 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-second-quarter-cash-distribution-302769617.html
SOURCE Marine Petroleum Trust
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.