Wed, May 14, 5:52 PM (35 days ago)
**Marine Petroleum Trust (MARPS) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** Q1 2025 revenue was $338,088, up from $247,570 in Q1 2024, driven by increased oil, natural gas, and natural gas liquids production and prices. - **Profit Margins:** Distributable income margin improved to 71.7% in Q1 2025 from 46.7% in Q1 2024. - **Cash Flow:** Distributable income increased to $242,418 in Q1 2025 from $115,524 in Q1 2024. - **Earnings Changes:** Distributable income per unit increased to $0.12 in Q1 2025 from $0.06 in Q1 2024. **Quarterly Performance Discussion:** - **Oil:** Revenue increased due to higher production volumes (4,455 bbls vs. 2,964 bbls) but at a lower average price ($71.53 vs. $78.67). - **Natural Gas:** Revenue increased significantly due to higher production volumes (6,239 mcf vs. 2,176 mcf) and higher average prices ($1.65 vs. $0.49). - **Natural Gas Liquids:** Revenue increased due to higher production volumes (11,756 mcf vs. 3,541 mcf) and higher average prices ($0.34 vs. $0.07). - **Expenses:** General and administrative expenses decreased to $95,670 in Q1 2025 from $132,046 in Q1 2024. **Trends & Uncertainties:** - **Commodity Prices:** Income and distributions are heavily influenced by volatile commodity prices. - **Production:** Oil production decreased, while natural gas and natural gas liquids production increased. - **Future Operations:** The Trust's income is dependent on third-party production activities and is subject to various risks and uncertainties. **Future Outlook:** - The Trust's financial performance is expected to continue to be influenced by commodity prices, production volumes, and operational factors beyond its control. - The Trust's term expires on June 1, 2041, unless extended by unitholders.