Welcome to our dedicated page for Marine Petroleum news (Ticker: MARPS), a resource for investors and traders seeking the latest updates and insights on Marine Petroleum stock.
Marine Petroleum Trust (NASDAQ: MARPS) is a U.S. royalty trust whose revenues are derived from oil and natural gas production activities of third parties on properties in the Gulf of Mexico. The trust regularly issues press releases announcing quarterly cash distributions to holders of its units of beneficial interest, and these announcements form a central part of its news flow.
On this page, readers can follow news that explains how Marine’s distributions are determined by royalties received up to each declaration date. The trust states that it generally receives royalties two months after oil production and three months after natural gas production, and its press releases often describe how this timing, along with production volumes and realized prices, influences distribution amounts.
Typical Marine Petroleum Trust news items include quarterly cash distribution declarations, with details on per-unit amounts, record dates, and payment dates. These releases frequently compare current distributions to prior quarters and comparable periods in earlier years, highlighting changes in the volumes of oil and natural gas produced and the prices realized for those commodities. In some cases, the trust also notes the impact of administrative expenses on distributions.
Investors and researchers who follow MARPS can use this news feed to track how shifts in production volumes and commodity pricing on the trust’s underlying offshore Louisiana properties are reflected in royalty income and distributions. Regular updates, often furnished to the SEC on Form 8-K, provide a consistent view of the trust’s distribution history and the production and pricing context behind each announcement.
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Marine Petroleum Trust (NASDAQ: MARPS) announced a quarterly cash distribution of $0.159312 per unit, payable on March 28, 2023, to unitholders of record on February 28, 2023. This distribution is lower than the $0.244387 per unit distributed last quarter but higher compared to $0.107485 from the same quarter in 2022. The decrease in this quarter's distribution was attributed to reduced volumes of oil and natural gas produced, although the price for natural gas slightly increased. Marine's distributions depend on royalties received, with variances linked to oil and natural gas production timelines.
Marine Petroleum Trust (NASDAQ: MARPS) announced a quarterly cash distribution of $0.244387 per unit, payable on December 28, 2022. This distribution is lower than the previous quarter's $0.261822 but higher than $0.106743 in the same quarter last year. The company noted a decrease in oil and natural gas production volumes, although realized prices for both increased. Distributions are based on royalties received up to the declaration date, with a time lag in receiving royalties from production.
Marine Petroleum Trust (NASDAQ: MARPS) has declared a quarterly cash distribution of $0.261822 per unit, set to be paid on September 28, 2022, with a record date of August 31, 2022. This amount is an increase from the previous quarter's distribution of $0.197500 and also surpasses the $0.064312 distributed in the same quarter of 2021. The increase is attributed to higher production volumes and realized prices for oil and natural gas compared to prior periods.
Marine Petroleum Trust (NASDAQ: MARPS) declared a quarterly cash distribution of $0.197500 per unit, payable on June 28, 2022. This is an increase from $0.107485 distributed last quarter and $0.028228 in the same quarter of 2021. Oil production volume slightly decreased, while natural gas production volume increased. The realized price for oil rose, but natural gas prices fell. The distribution also includes a final payment from an investment in Tidelands Royalty Trust 'B' totaling $93,134.47, received on February 14, 2022.
Marine Petroleum Trust (NASDAQ: MARPS) announced a quarterly cash distribution of $0.107485 per unit, payable on March 28, 2022. This amount is slightly higher than the $0.106743 distributed last quarter and significantly above the $0.018129 from the same quarter in 2021. The distribution reflects increased production volumes of oil alongside an increase in realized prices for oil and natural gas. The record date for unitholders is February 28, 2022, with royalties received typically lagging production by two to three months.
Marine Petroleum Trust (NASDAQ: MARPS) declared a quarterly cash distribution of $0.106743 per unit, payable on December 28, 2021. This amount exceeds the $0.064312 distributed last quarter and is significantly higher than the $0.007178 from the same quarter in 2020. The rise in distribution is attributed to increased production volumes of oil and natural gas, despite a decrease in the realized price for natural gas. The trust's extension to June 1, 2041 was confirmed, following a majority vote in 2014.
Marine Petroleum Trust (NASDAQ: MARPS) has declared a quarterly cash distribution of $0.064312 per unit, to be paid on September 28, 2021, for unitholders of record as of August 31, 2021. This distribution is significantly higher than the $0.028228 from last quarter and also exceeds the $0.044516 from the same quarter in 2020. The increase is attributed to higher production volumes and realized prices for both oil and natural gas. Marine's trust has received approvals to extend its duration through June 1, 2041.
Marine Petroleum Trust (NASDAQ: MARPS) announced a quarterly cash distribution of $0.028228 per unit, payable on June 28, 2021. This is an increase from $0.018129 per unit in the previous quarter but lower than $0.1037981 in Q2 2020. The distribution reflects an increase in oil and natural gas volume produced, although the price for oil decreased while natural gas prices rose. The Trust confirmed its continuation through June 1, 2041, following a majority vote in 2014.
Marine Petroleum Trust (NASDAQ: MARPS) announced a quarterly cash distribution of $0.018129 per unit, payable on March 29, 2021, to unitholders of record as of February 26, 2021. This distribution is an increase from $0.007178 in the previous quarter but lower than $0.065452 in the same quarter of 2020. The decrease in production volume of oil and natural gas was noted, while prices realized for these commodities increased compared to last quarter. The trust's termination date has been extended to June 1, 2041.