Welcome to our dedicated page for Eca Marcel SEC filings (Ticker: ECTM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
ECA Marcellus Trust I filings document quarterly results and distribution announcements for a royalty trust tied to Marcellus Shale natural gas properties in Greene County, Pennsylvania. Recent Form 8-K reports furnish press releases under Item 2.02, reflecting the trust’s cash distribution activity and the operating factors described in those releases.
The filings also identify The Bank of New York Mellon Trust Company, N.A. as trustee, show that no securities are registered under Section 12(b), and provide exhibit records for distribution-related press releases. Disclosure themes include production proceeds, natural gas price volatility, administrative expenses, and the resulting cash available to unitholders.
ECA Marcellus Trust I reported its quarterly cash distribution for the quarter ended March 31, 2026. The distribution will be $0.090 per unit, payable on or before June 2, 2026 to unitholders of record as of May 28, 2026.
The Trustee is continuing its long-running program to build a cash reserve for future expenses. It has increased the targeted reserve from approximately $1.8 million to approximately $3.8 million and is currently withholding $90,000 per quarter toward this goal. Any excess reserve ultimately will be returned to unitholders with interest. The release also highlights that distributions depend heavily on natural gas prices and production volumes, and that low prices could reduce or eliminate future distributions.
ECA Marcellus Trust I reported stronger first-quarter 2026 results driven by higher natural gas pricing. Distributable income rose to $1.6 million, or $0.090 per common unit, compared with $0.9 million, or $0.052 per unit, a year earlier. Royalty income increased to $1.8 million from $1.3 million as the average realized price improved to $3.99 per Mcf and production edged up 1.9% to 450 MMcf. General and administrative expenses declined to $0.1 million. Over the four quarters ended March 31, 2026, gross proceeds attributable to the royalty interests totaled about $4.3 million, above the $1.5 million four-quarter threshold that would trigger early termination. The Trustee continues to build cash reserves toward a $3.8 million target while the Trust remains scheduled to begin liquidation around March 31, 2030.
ECA Marcellus Trust I is a finite-life Delaware statutory trust that holds royalty interests in natural gas wells in the Marcellus Shale. It owns interests in 14 producing wells and 40 development wells (52.06 Equivalent PUD Wells), and receives a defined percentage of natural gas sales proceeds after post-production costs and taxes.
The trust distributes substantially all available cash quarterly, after administrative expenses. Over the four quarters ended December 31, 2025, gross proceeds attributable to the royalty interests were $3.8 million, above the $1.5 million four-quarter threshold that would trigger an early dissolution. As of March 24, 2026, there were 17,605,000 common units outstanding.
The trust has no operating role and depends entirely on Greylock Production and Greylock Midstream for drilling, production and marketing. A 2025 settlement with Columbia Gas Transmission set firm transportation rates at $0.4376 per MMBtu from April 1, 2025 to March 31, 2026, with small annual increases and related refunds to be passed through to the trust. The trust is expected to begin liquidation around March 31, 2030, when term royalty interests end and perpetual royalty interests are marketed for sale.
ECA Marcellus Trust I reported its quarterly cash distribution for the quarter ended December 31, 2025. The distribution will be $0.036 per unit, payable on or before March 2, 2026 to unitholders of record at the close of business on February 23, 2026.
The Trustee will withhold approximately $90,000 from this distribution to continue building a cash reserve targeted at about $3.8 million for future expenses and liabilities. The Trust’s payouts are tied to natural gas production and prices from properties operated by Greylock Energy LLC, so distributions can fluctuate and may be zero in periods of low commodity prices.
The release also serves as a qualified tax notice, highlighting U.S. withholding requirements for non-U.S. holders under Sections 1446 and 1441 of the Internal Revenue Code, and the 10% withholding rule on certain transfers of units under the Tax Cuts and Jobs Act.
ECA Marcellus Trust I reported higher cash flow on stronger gas pricing despite lower volumes. Royalty income rose to $661,621 for Q3 2025, lifting distributable income to $345,734 or $0.020 per unit. For the nine months, royalty income reached $2.82M and distributable income was $1.60M ($0.091 per unit).
Realized gas prices improved: average realized price increased to $1.58 per Mcf in Q3 2025 from $0.88 a year ago, driven by a higher NYMEX average of $3.06 per MMBtu, partly offset by a larger negative basis and higher post‑production costs. Production declined 11.2% year over year to 418 MMcf, reflecting normal declines.
Total gross proceeds attributable to the Royalty Interests were about $3.6M for the four consecutive quarters ended September 30, 2025, above the trust’s early termination threshold of $1.5M. The Trustee continued withholding $90,000 per quarter to build targeted cash reserves toward roughly $3.8M. No impairment was recorded. As of November 13, 2025, 17,605,000 common units were outstanding.
ECA Marcellus Trust I filed a current report to furnish a press release about its results of operations and financial condition. The press release is attached as Exhibit 99.1 and is dated November 12, 2025. The information in the exhibit is furnished under Item 2.02 and is not treated as filed for liability purposes under Section 18 of the Securities Exchange Act. The report is signed on behalf of the trust by The Bank of New York Mellon Trust Company, N.A., acting as trustee.