Marine Petroleum Trust
Administrator of offshore oil-and-gas royalties from fixed Gulf leases.
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Profile
Collects overriding royalties on oil, natural gas, and natural-gas liquids from fixed offshore Gulf leases, passing net cash to unitholders. Its non-operating structure relies on third-party operators and cannot replace rights as covered leases end.
Collects and distributes an overriding royalty on oil, natural gas, and natural-gas liquids produced from fixed offshore leases in the Gulf of America. Texas interests are held directly, while a wholly owned subsidiary holds the Louisiana interests. The trust receives royalties and related income, reserves cash for administration, and distributes accumulated cash to unitholders each quarter.
Operates as a non-operating grantor trust rather than a producer: it neither drills, markets hydrocarbons, nor acquires replacement royalty interests. Cash flows depend on third-party working-interest owners to operate leases, calculate royalties, and sustain production, as well as commodity prices and offshore conditions. Rights end as covered leases expire, are released, or are abandoned, and the indenture confines the trust to conserving and liquidating its original contract rights.
Company facts
Key statistics
Year to date +7.2% · Average volume (30d) 4.2K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| May 14, 2026Q3 FY25 | — | $0.07 | — | — | $232.9K | — | +0.60% |
| Feb 12, 2026Q2 FY25 | — | $0.10 | — | — | $268.2K | — | +2.34% |
| Nov 13, 2025Q1 FY25 | — | $0.07 | — | — | $223.4K | — | +2.78% |
| Sep 29, 2025Q4 FY24 | — | $0.08 | — | — | $232.6K | — | +3.23% |
Financial highlights
| 12 quarters | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | |
|---|---|---|---|---|---|---|---|
| Revenue | $165.9K | $333.0K | $237.6K | $223.4K | $268.2K | $232.9K | |
| Gross profit | $165.9K | $333.0K | $237.6K | $223.4K | $268.2K | $232.9K | |
| Operating income | $41.6K | $237.3K | $165.8K | $130.8K | $191.8K | $134.1K | |
| Net income | $81.1K | $242.4K | $170.9K | $130.8K | $191.8K | $134.1K | |
| Diluted EPS | $0.04 | $0.12 | $0.09 | $0.07 | $0.10 | $0.07 | |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | |
| Operating margin | 25.1% | 71.3% | 69.8% | 58.6% | 71.5% | 57.6% |
Fiscal years (4-quarter sums)FY20 $386.7K · FY21 $1.4M · FY22 $1.8M · FY23 $1.0M · FY24 $1.0M
Balance sheet, Mar 31, 2026Cash & short-term investments $940.6K · Total debt $0 · Total assets $940.6K · Shareholders' equity $940.6K
Dividends
Last cut to $0.0965 from $0.1016 in May 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 29, 2026 | May 29 | Jun 29 | $0.0965 | cut from $0.1016 |
| Feb 27, 2026 | Feb 27 | Mar 30 | $0.1016 | raised from $0.0491 |
| Nov 28, 2025 | Nov 28 | Dec 29 | $0.0491 | cut from $0.0681 |
| Aug 29, 2025 | Aug 29 | Sep 29 | $0.0681 | cut from $0.111 |
| May 30, 2025 | May 30 | Jun 30 | $0.111 | raised from $0.0771 |
| Feb 28, 2025 | Feb 28 | Mar 28 | $0.0771 | cut from $0.1029 |
| Nov 29, 2024 | Nov 29 | Dec 30 | $0.1029 | raised from $0.0949 |
| Aug 30, 2024 | Aug 30 | Sep 30 | $0.0949 | raised from $0.056 |
Ownership
Shares outstanding 2.00M · Float 1.30M · 65.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Bank of America Corp /DE/ | 27.2K | 1.36% | 13F | May 18, 2026 |
| Welch Group, LLC | 16.0K | 0.80% | 13F | Apr 21, 2026 |
| Azzad Asset Management Inc /Adv | 15.6K | 0.78% | 13F | Apr 30, 2026 |
| Morgan Stanley | 2.5K | 0.12% | 13F | May 15, 2026 |
| UBS Group AG | 597 | 0.03% | 13F | May 5, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Sabine Royalty Trust
Broad oil-and-gas royalty exposure with Louisiana and Texas overlap.
- Permian Basin Royalty Trust
Larger Texas oil-and-gas royalty alternative with net-profits exposure.
- Cross Timbers Royalty Trust
Onshore oil-and-gas royalty income in the same public-trust niche.
- Mesa Royalty Trust
Passive oil-and-gas royalty income across three U.S. onshore basins.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Marine Petroleum Trust | $4.55 | +2.25% | $8.7M | 13.9 | — | 9.1 | −30.1% |
| Sabine Royalty Trust | $74.85 | −0.22% | $1.09B | 15.3 | — | 14.5 | +16.7% |
| Permian Basin Royalty Trust | $33.82 | −0.12% | $1.58B | 97.3 | — | 89.1 | +34.4% |
| Cross Timbers Royalty Trust | $10.42 | −0.71% | $62.5M | 19.7 | — | 14.6 | −14.8% |
| Mesa Royalty Trust | $2.24 | −1.95% | $4.2M | 11.4 | — | 7.8 | −21.8% |
| Median | 17.5 | — | 14.6 | +0.9% |