Marine Petroleum Trust Reports Increased Revenue and Profitability for Three and Nine Months Ended March 31, 2025

Marine Petroleum Trust reported its financial results for the three and nine months ended March 31, 2025, showing a notable increase in revenue and profitability compared to the same periods in the previous fiscal year. For the three months ended March 31, 2025, total income reached $338,088, up from $247,570 in the prior year, driven primarily by a rise in oil and natural gas royalties, which increased to $332,993 from $234,500. For the nine-month period, total income was $806,181, slightly down from $815,159, with oil and natural gas royalties contributing $778,554, a marginal increase from $774,721 in the previous year.

The Trust's distributable income for the three months ended March 31, 2025, was $242,418, significantly higher than the $115,524 reported for the same period in 2024. For the nine months, distributable income also saw an increase to $557,108 from $542,819. The increase in distributable income per unit was $0.12 for the three months and $0.28 for the nine months, compared to $0.06 and $0.27, respectively, in the prior year. However, distributions per unit decreased to $0.08 for the three months and remained at $0.27 for the nine months, down from $0.10 and $0.31, respectively.

Operationally, the Trust experienced fluctuations in production volumes. For the nine months ended March 31, 2025, oil production decreased to 9,718 barrels from 10,005 barrels in the previous year, while natural gas volumes sold increased significantly to 14,677 thousand cubic feet from 7,615 thousand cubic feet. Natural gas liquids sold also rose to 26,686 thousand cubic feet from 14,524 thousand cubic feet. The average price realized for oil decreased to $75.67 per barrel, while the average price for natural gas increased to $2.10 per thousand cubic feet, up from $0.84 in the prior year.

The Trust's financial position remained stable, with total assets reported at $972,606 as of March 31, 2025, compared to $965,220 as of June 30, 2024. General and administrative expenses decreased to $95,670 for the three months and $249,073 for the nine months, reflecting a reduction in professional fees. Looking ahead, the Trust's performance is subject to fluctuations in commodity prices, which are influenced by various external factors including market demand and geopolitical conditions. The Trust's management remains cautious, noting that future distributions may be impacted by these market dynamics and the depletion of existing oil and gas reserves.