dividend
confidence high
sentiment neutral
materiality 0.50
ECA Marcellus Trust I declares $0.176 Q2 distribution; withholds $90K for reserve
ECA Marcellus Trust I
- Distribution of $0.176 per unit for quarter ended June 30, 2022, payable on or before Aug 31, 2022 to holders of record Aug 19, 2022.
- Trustee withheld $90,000 from distributable funds this quarter to build cash reserve, now targeting $3.8 million.
- Trust holds royalty interests in Marcellus Shale properties operated by Greylock Energy LLC in Greene County, Pennsylvania.
- Distributions depend on natural gas prices and production; lower prices could reduce or eliminate future payouts.