Every 10-Q that Marine Petroleum Trust (MARPS) 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 MARPS 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 MARPS filings page.
Marine Petroleum Trust reports lower royalty-based results for the three and nine months ended March 31, 2026. For the quarter, oil and natural gas royalty income fell to $228,173 from $332,993, and distributable income declined to $134,148, or $0.07 per unit, versus $0.12 a year earlier.
For the nine-month period, royalty income decreased to $710,069 from $778,554, and distributable income dropped to $456,810, or $0.23 per unit, compared with $0.28. Lower realized oil prices, partly offset by higher natural gas prices and slightly higher oil volumes, drove the decline. The trust held total assets of $940,643, essentially all trust corpus, with 2,000,000 units outstanding as of March 31, 2026.
Marine Petroleum Trust reports quarterly and six-month results for the period ended December 31, 2025. Total assets were $1,009,718, up from $921,527 at June 30, 2025, with all value represented by the trust corpus and no current liabilities.
For the six months, income from oil and natural gas royalties rose to $481,897 from $445,562, and distributable income edged up to $322,658 from $314,690, or $0.16 per unit in both periods. However, distributions paid fell to $0.12 per unit from $0.20, increasing retained corpus to $1,009,718.
Performance was driven mainly by oil: volumes sold grew to 7,090 barrels from 5,263, though the average oil price declined to $64.15 per barrel from $79.17. Natural gas and NGL volumes slipped, but realized natural gas prices improved. Management reports no material changes in risk factors, effective disclosure controls, and continued reliance on modified cash-basis accounting typical for royalty trusts.
Marine Petroleum Trust filed an amendment to its quarterly report solely to correct a technical error in the filing header; all disclosures remain as originally filed for the period ended September 30, 2025.
For the quarter, total income was $223,402, driven by oil and natural gas royalties of $218,526, with distributable income of $130,813. Distributable income per unit was $0.07, and the Trust paid distributions of $0.07 per unit. General and administrative expenses were $92,589. Cash and cash equivalents were $916,139, and trust corpus stood at $916,146. As of November 13, 2025, units of beneficial interest outstanding were 2,000,000.
Results reflected lower commodity prices and volumes: oil sold was 3,226 bbls at an average price of $63.52 per bbl; natural gas volumes were 3,567 mcf at $3.14 per mcf (net of expenses); and natural gas liquids were 6,290 mcf at $0.38 per mcf. Compared to the prior year quarter, royalties decreased from $286,498 and distributable income from $233,552, with per‑unit distributable income down from $0.12 and distributions from $0.09.
Marine Petroleum Trust reported lower quarterly results on a modified cash basis. Distributable income was $130,813, or $0.07 per unit, driven by royalties of $218,526 and general and administrative expenses of $92,589.
Results reflect softer pricing and volumes. Oil production was 3,226 bbls at an average realized price of $63.52/bbl, down from $81.11/bbl a year ago. Natural gas volumes were 3,567 mcf at $3.14/mcf, and natural gas liquids volumes were 6,290 mcf at $0.38/mcf. For the quarter, about 94% of royalty income came from oil and 6% from natural gas and NGLs.
Cash and cash equivalents were $916,139 as of September 30, 2025, and the trust corpus ended at $916,146. Distributions per unit were $0.07 for the period, compared with $0.09 a year earlier. The Trust had 2,000,000 units outstanding as of November 13, 2025. The Trustee concluded disclosure controls and procedures were effective as of September 30, 2025.