Welcome to our dedicated page for ECA MARCELLUS TRUST I news (Ticker: ECTM), a resource for investors and traders seeking the latest updates and insights on ECA MARCELLUS TRUST I stock.
ECA Marcellus Trust I (Symbol: ECTM) is a statutory trust formed to hold royalty interests in natural gas properties located in the Marcellus Shale formation in Pennsylvania. The trust was created by Energy Corporation of America (ECA) to provide investors with a way to gain exposure to natural gas production and revenue without directly owning the properties.
The trust's primary assets are the royalty interests in natural gas wells operated by ECA. These royalties entitle the trust to receive a percentage of the revenue generated from the sale of natural gas produced from the wells. The trust distributes the majority of the revenue to its unitholders in the form of quarterly cash distributions, making it an appealing option for income-focused investors.
In recent years, ECA Marcellus Trust I has focused on optimizing its portfolio of royalty interests and enhancing production efficiency. The trust benefits from the strategic location of its assets in the Marcellus Shale, one of the largest and most productive natural gas fields in the United States. This location advantage has helped the trust maintain stable production levels and consistent cash flow despite the volatility in natural gas prices.
Financially, the trust aims to maintain a strong balance sheet with minimal debt, which provides stability and security for its unitholders. ECTM continuously monitors operational expenses to ensure maximum profitability and sustainability.
Partnerships with Energy Corporation of America and other operators in the region play a crucial role in the trust's operations. These collaborations help in leveraging expertise, optimizing production processes, and ensuring regulatory compliance.
For more detailed updates and recent news, investors are encouraged to regularly check the company's website and financial reports. ECA Marcellus Trust I remains committed to providing transparency and value to its unitholders through efficient management and strategic asset utilization.
ECA Marcellus Trust I (ECTM) has announced a quarterly distribution of $0.005 per unit for Q3 2024, payable by November 29, 2024, to holders of record as of November 22, 2024. The Trustee continues to build a cash reserve for future expenses, withholding $90,000 this quarter until reaching a target of approximately $3.8 million. The Trust's distributions are affected by natural gas prices and production proceeds from properties in the Marcellus Shale formation in Greene County, Pennsylvania. The Trustee may adjust the reserve target and withholding rate without advance notice.
ECA Marcellus Trust I (OTC Pink: ECTM) announced that there will be no distribution for the quarter ended June 30, 2024, as Trust expenses offset net revenues. The Trustee has been building a cash reserve since Q1 2019, targeting approximately $3.8 million for future expenses. The Trust, formed to own royalty interests in natural gas properties in the Marcellus Shale formation, is directly affected by volatile commodity prices. Low natural gas prices reduce proceeds and may result in no distributions to unitholders. The Trust's distributions are expected to fluctuate quarterly based on production, natural gas prices, and administrative expenses.
ECA Marcellus Trust I (OTC Pink: ECTM) announced a quarterly distribution of $0.021 per unit for the quarter ended March 31, 2024. This distribution is expected on or before May 31, 2024, to holders of record as of May 21, 2024.
The Trustee has been incrementally building a cash reserve to cover future expenses, raising the target from $1.8 million to $3.8 million. The Trustee withholds $90,000 per quarter to reach this new target.
The Trust's distributions fluctuate due to natural gas prices, production proceeds, and administrative expenses. Low natural gas prices reduce available cash for distribution, sometimes resulting in no payouts. Non-U.S. holders are subject to a 30% withholding tax unless reduced by treaty.
ECA Marcellus Trust I (OTC Pink: ECTM) announced a quarterly distribution of $0.124 per unit for the period ending December 31, 2022, expected on or before February 28, 2023. The Trust will withhold the greater of $90,000 or 10% of available funds per quarter to build a cash reserve of approximately $3.8 million for future expenses. The amount of quarterly distributions may fluctuate based on proceeds from natural gas sales and commodity prices, which have shown significant volatility. Factors such as low natural gas prices may reduce the amount of cash available for distribution to unitholders.
ECA Marcellus Trust I (OTC Pink: ECTM) announced a quarterly distribution of $0.180 per unit for the period ending September 30, 2022, set for distribution on or before November 29, 2022. The Trust will withhold $90,000 or 10% of funds for a cash reserve aimed at covering future expenses, totaling approximately $3.8 million. This reserve strategy may influence future distributions. The Trust's cash flow and distributions are subject to natural gas price volatility, which could lead to reduced cash available for unitholders.
ECA Marcellus Trust I (OTC Pink: ECTM) announced a quarterly distribution of $0.176 per unit for the quarter ending June 30, 2022. This payment is scheduled for distribution on or before August 31, 2022, to unitholders on record as of August 19, 2022. The Trust continues to withhold funds to build a cash reserve, now targeted at $3.8 million, impacting future distributions possibly due to fluctuations in natural gas prices, which remain volatile. The company does not guarantee future distributions due to these price risks.
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