ECA Marcellus Trust I announces no quarterly distribution for Q2 2023

ECA Marcellus Trust I

No distribution for quarter ended June 30, 2023; Trust expenses offset net revenues.
Trust withholding ~$90,000 this quarter to build cash reserve toward $3.8M target.
Low natural gas prices directly reduce royalty proceeds available for distributions.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ECA Marcellus Trust I reported quarter ended June 30, 2023 results: net income no distribution paid ... as Trust expenses offset net revenues to the Trust for the quarter.

Period: quarter ended June 30, 2023
Net income: no distribution paid ... as Trust expenses offset net revenues to the Trust for the quarter
Result: reported results

Exact text from the filing

announced today that there will be no distribution paid for the quarter ended June 30, 2023, for holders of record as of the close of business on August 24, 2023, as Trust expenses offset net revenues to the Trust for the quarter.

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Source: SEC EDGAR

accession 0001104659-23-091357

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