MARINE PETROLEUM TRUST ANNOUNCES SECOND QUARTER CASH DISTRIBUTION

DALLAS, May 19, 2025 /PRNewswire/ -- Marine Petroleum Trust (NASDAQ:MARPS) ("Marine") today declared a quarterly cash distribution to the holders of its units of beneficial interest of $0.110983 per unit, payable on June 30, 2025, to unitholders of record on May 30, 2025. Marine's 2024 tax information, cash distribution history, current and prior year financial reports, a link to filings made with the Securities and Exchange Commission and more can be found on its website at http://www.marps-marine.com/. Additionally, printed reports can be requested and are mailed free of charge.

This distribution of $0.110983 per unit is higher than the $0.077052 per unit distributed last quarter. The volumes of both oil and natural gas produced have increased when compared to the previous quarter. Prices realized for oil were lower, while natural gas was higher compared to the last quarter. This distribution is higher than the $0.055961 per unit distributed in the comparable quarter in 2024. As compared to the same quarter in 2024, there was an increase in the volume of oil and natural gas produced. As compared to the same quarter in 2024, prices realized for oil decreased while natural gas has increased.

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.

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SOURCE Marine Petroleum Trust