Every 10-Q that ECA MARCELLUS TRUST I (ECTM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ECTM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ECTM filings page.
ECA Marcellus Trust I reported total assets of $12.4 million at June 30 2026, down from $13.3 million at December 31 2025, as net royalty interests in gas properties declined to $8.6 million due to amortization. Six‑month royalty income rose to $2.6 million from $2.2 million a year earlier, lifting distributable income for the first half of 2026 to $1.6 million versus $1.3 million, or $0.091 per unit.
Quarterly results were weaker: for the three months ended June 30 2026, distributable income fell to $21,934 (about $0.001 per unit) from $345,074, as royalty income slipped and general and administrative expenses increased to $0.7 million. Production for the quarter rose 14.6% year over year to 500 MMcf, but the average realized gas price declined to $1.58 per Mcf.
Gross proceeds attributable to the royalty interests were $0.8 million for the quarter and $4.2 million over the four consecutive quarters ended June 30 2026, above the $1.5 million four‑quarter threshold that would trigger early termination. The Trustee continues to build cash reserves, withholding $90,000 per quarter toward a targeted $3.8 million, with about $2.9 million plus $0.4 million of interest accumulated as of June 30 2026. No impairment of the royalty interests was recorded.
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 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.