Marine Petroleum Trust Declares Higher Quarterly Distribution

Marine Petroleum Trust's Latest Cash Distribution Announcement

Marine Petroleum Trust (NASDAQ: MARPS) has announced the declaration of a quarterly cash distribution to its unit holders. This distribution stands at $0.102923 per unit, marking a notable increase when compared to the previous quarter's distribution of $0.094886 per unit. The payment is scheduled for December 30, to unitholders who are on record as of November 29. This increase emphasizes the Trust's ongoing commitment to providing value to its investors through consistent and improved distributions.

Comparison with Previous Year

When looking back at the same quarter from the previous year, the recent distribution shows even further progress, as it surpasses the $0.083661 that was distributed during that time. The uplift reflects a favorable shift in the market conditions and production outcomes experienced over the past year.

Understanding the Factors Behind the Increase

The rise in distribution can be attributed to a combination of increased volumes in oil production and favorable pricing conditions. Although the price for natural gas has seen a downturn, the overall performance of oil and natural gas produced during this quarter has improved significantly. The Trust operates on a system where distributions are largely determined by royalties received from oil and gas production.

Oil and Natural Gas Production Insights

For this quarter, production of oil has slightly decreased while production for natural gas has increased when compared to the same quarter last year. However, the price realized for both oil and natural gas has shown an upward trend. This combination of factors contributes to the healthier distribution amount declared.

Distribution Framework for Unitholders

Marine Petroleum Trust’s distributions to unitholders rely on the royalties collected, which are reported up to the date the distribution amount is declared. Typically, the Trust receives royalties approximately two months after oil production and three months following natural gas production, which intricately ties cash flow to production timelines.

Future Distribution Considerations

As the market dynamics continue to evolve, unitholders can expect the Trust to adapt its strategies, ensuring that distributions remain competitive and responsive to market conditions. This level of transparency and responsiveness is vital in maintaining trust with current and prospective investors.

Continued Commitment to Transparency

Marine Petroleum Trust is dedicated to providing its unitholders with transparent and timely information regarding financial performance and distributions. The Trust emphasizes its commitment to fostering an informed investor base by making tax information, cash distribution history, and financial reports readily accessible.

Contact Information for Inquiries

For any inquiries or further details regarding the distribution or the Trust's financial outlook, unitholders can reach out to Jana Egeler, VP of Royalty Trust Services, at Argent Trust Company. They can be contacted via toll-free number at 1.855.588-7839.

Frequently Asked Questions

What is the amount of the recent cash distribution?

The recent cash distribution is $0.102923 per unit.

How does this distribution compare to previous distributions?

This distribution is higher than both the last quarter's $0.094886 and the $0.083661 from the same quarter last year.

What factors influence the distribution amounts?

Distribution amounts are influenced by the royalties received from oil and natural gas production.

How often does Marine Petroleum Trust declare distributions?

Marine Petroleum Trust typically declares distributions on a quarterly basis.

Who can unitholders contact for more information?

Unitholders can contact Jana Egeler at Argent Trust Company for inquiries related to the Trust's distributions.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.