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 declares quarterly cash distributions to holders of its units of beneficial interest from royalties tied to oil and natural gas production. The trust receives royalty revenue from production activities conducted by third parties, with interests associated with offshore Louisiana properties in the Gulf of Mexico.
Recurring updates focus on distribution amounts, record and payment dates, production volumes for oil and natural gas, realized commodity prices, and administrative expense effects. The trust also reports that royalties are generally received after production, with timing that differs between oil and natural gas.
Summary not available.
Summary not available.
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.