MARINE PETROLEUM TRUST ANNOUNCES FIRST QUARTER CASH DISTRIBUTION

Core Points - Marine Petroleum Trust declared a quarterly cash distribution of $0.077052 per unit, payable on March 28, 2025, to unitholders of record on February 28, 2025 [1] - The current distribution is lower than the previous quarter's distribution of $0.102923 per unit and also lower than the $0.101611 per unit distributed in the same quarter of 2024 [2] - There has been a decrease in the volumes of both oil and natural gas produced compared to the previous quarter, with oil prices decreasing and natural gas prices increasing [2] Financial Performance - The distribution amount is determined by royalties received up to the date the distribution is declared, with royalties typically received two months after oil production and three months after natural gas production [3] - Compared to the same quarter in 2024, there was a decrease in oil production volume while natural gas production volume increased, but prices realized for both oil and natural gas have decreased [2]