MARINE PETROLEUM TRUST ANNOUNCES THIRD QUARTER CASH DISTRIBUTION
Marine Petroleum Trust (NASDAQ: MARPS) has announced a quarterly cash distribution of $0.094886 per unit for Q3 2024, payable on September 30, 2024, to unitholders of record on August 30, 2024. This distribution is higher than the previous quarter's $0.055961 due to increased volumes and prices for both oil and natural gas. However, it's lower than the $0.121831 per unit distributed in Q3 2023. Compared to Q3 2023, oil production volume decreased while natural gas production increased, and prices for both commodities have risen. Marine's distributions are determined by royalties received up to the declaration date, typically received two months after oil production and three months after natural gas production.
Marine Petroleum Trust (NASDAQ: MARPS) ha annunciato una distribuzione trimestrale in contante di $0,094886 per unità per il terzo trimestre del 2024, che sarà pagata il 30 settembre 2024 agli azionisti registrati il 30 agosto 2024. Questa distribuzione è superiore a quella del trimestre precedente di $0,055961 grazie all'aumento dei volumi e dei prezzi sia del petrolio che del gas naturale. Tuttavia, è inferiore ai $0,121831 per unità distribuiti nel terzo trimestre del 2023. Rispetto al terzo trimestre del 2023, il volume di produzione di petrolio è diminuito mentre la produzione di gas naturale è aumentata, e i prezzi di entrambe le materie prime sono aumentati. Le distribuzioni di Marine sono determinate dalle royalties ricevute fino alla data di dichiarazione, che vengono normalmente ricevute due mesi dopo la produzione di petrolio e tre mesi dopo la produzione di gas naturale.
Marine Petroleum Trust (NASDAQ: MARPS) ha anunciado una distribución en efectivo trimestral de $0.094886 por unidad para el tercer trimestre de 2024, que se pagará el 30 de septiembre de 2024 a los tenedores de unidades registrados el 30 de agosto de 2024. Esta distribución es superior a la del trimestre anterior de $0.055961 debido al aumento de los volúmenes y precios tanto del petróleo como del gas natural. Sin embargo, es inferior a los $0.121831 por unidad distribuidos en el tercer trimestre de 2023. En comparación con el tercer trimestre de 2023, el volumen de producción de petróleo disminuyó mientras que la producción de gas natural aumentó, y los precios de ambas materias primas han subido. Las distribuciones de Marine se determinan por las regalías recibidas hasta la fecha de declaración, las cuales se reciben normalmente dos meses después de la producción de petróleo y tres meses después de la producción de gas natural.
Marine Petroleum Trust (NASDAQ: MARPS)는 2024년 3분기 유닛당 $0.094886의 분기 현금 배당을 발표하였으며, 이는 2024년 9월 30일에 2024년 8월 30일 기준 유닛 보유자에게 지급됩니다. 이번 배당금은 지난 분기의 $0.055961보다 증가한 것으로, 원유 및 천연가스의 물량과 가격 상승에 기인합니다. 하지만, 이는 2023년 3분기에 분배된 $0.121831 per unit보다 줄어든 수치입니다. 2023년 3분기와 비교했을 때, 원유 생산량은 감소한 반면 천연가스 생산량은 증가하였으며, 두 상품의 가격은 모두 상승하였습니다. Marine의 배당은 보통 석유 생산 후 두 달, 천연가스 생산 후 세 달 후에 수령하는 로열티에 의해 결정됩니다.
Marine Petroleum Trust (NASDAQ: MARPS) a annoncé une distribution trimestrielle en espèces de $0,094886 par unité pour le troisième trimestre 2024, payable le 30 septembre 2024, aux détenteurs d’unités enregistrés le 30 août 2024. Cette distribution est supérieure à celle du trimestre précédent qui était de $0,055961 en raison de l'augmentation des volumes et des prix du pétrole et du gaz naturel. Cependant, elle est inférieure aux $0,121831 par unité distribués au troisième trimestre 2023. Comparé au troisième trimestre 2023, le volume de production de pétrole a diminué tandis que la production de gaz naturel a augmenté, et les prix des deux matières premières ont augmenté. Les distributions de Marine sont déterminées par les redevances reçues jusqu'à la date de déclaration, généralement reçues deux mois après la production de pétrole et trois mois après la production de gaz naturel.
Marine Petroleum Trust (NASDAQ: MARPS) hat eine vierteljährliche Barausschüttung von $0,094886 pro Einheit für das 3. Quartal 2024 angekündigt, die am 30. September 2024 an die zum 30. August 2024 eingetragenen Unithalter ausgezahlt wird. Diese Ausschüttung ist höher als die $0,055961 des vorherigen Quartals, bedingt durch erhöhte Volumen und Preise für sowohl Öl als auch Erdgas. Allerdings ist sie niedriger als die $0,121831 pro Einheit, die im 3. Quartal 2023 ausgezahlt wurden. Im Vergleich zum 3. Quartal 2023 ist das Produktionsvolumen von Öl gesenkt, während die Erdgasproduktion zunahm, und die Preise für beide Rohstoffe sind gestiegen. Die Ausschüttungen von Marine werden durch die bis zum Bekanntgabezeitpunkt erhaltenen Royalties bestimmt, die normalerweise zwei Monate nach der Ölförderung und drei Monate nach der Erdgasförderung erhalten werden.
- Quarterly cash distribution increased to $0.094886 per unit from $0.055961 in the previous quarter
- Volumes and prices for both oil and natural gas have increased compared to the previous quarter
- Natural gas production volume increased compared to Q3 2023
- Prices for both oil and natural gas have risen compared to Q3 2023
- Current distribution of $0.094886 per unit is lower than $0.121831 per unit distributed in Q3 2023
- Oil production volume decreased compared to Q3 2023
Insights
The $0.094886 per unit distribution represents a
The increase in both oil and gas production volumes and prices compared to last quarter is positive. However, the year-over-year decrease in oil production volume is concerning, potentially signaling declining reserves or production issues. The higher prices for both commodities partially offset this, but investors should monitor production trends closely.
Given the trust's structure, distributions directly reflect royalty income. The two to three-month lag in royalty receipts means this distribution reflects market conditions from earlier in the year. Investors should consider current commodity prices for future distribution projections.
The trust's performance is closely tied to oil and natural gas markets. The increased distribution compared to last quarter aligns with the recent upward trend in energy prices. However, the year-over-year decline highlights the sector's volatility.
Investors should note the divergence between oil and gas production trends. The increase in natural gas production could indicate a shift in the trust's asset mix or broader market dynamics favoring gas over oil. This could impact future distributions and the trust's risk profile.
The trust's transparency in providing detailed production and price comparisons is commendable and useful for investors. However, the lack of specific volume and price figures limits deeper analysis. Potential investors should seek additional data to fully assess the trust's performance and prospects in the context of broader energy market trends.
This distribution of
Marine's distributions to unitholders are determined by royalties received up to the date the distribution amount is declared. In general, Marine receives royalties two months after oil production and three months after natural gas production.
Contact: | Jana Egeler |
VP, Royalty Trust Services | |
Argent Trust Company, Trustee | |
Toll Free – 1.855.588-7839 |
View original content:https://www.prnewswire.com/news-releases/marine-petroleum-trust-announces-third-quarter-cash-distribution-302225407.html
SOURCE Marine Petroleum Trust
FAQ
What is Marine Petroleum Trust's Q3 2024 cash distribution per unit?
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