dividend
confidence high
sentiment neutral
materiality 0.25
ECA Marcellus Trust I declares Q3 2023 distribution of $0.006 per unit
ECA Marcellus Trust I
- Distribution of $0.006/unit for quarter ended Sep 30, 2023; payable on or before Nov 30 to holders of record Nov 20.
- Trust continues building cash reserve; targeted reserve increased to ~$3.8M (from $1.8M), with ~$90K withheld this quarter.
- Low natural gas prices continue to reduce proceeds available for distribution; volatility expected to persist.
- Trust holds royalty interests in Greylock Energy's Marcellus Shale properties in Greene County, PA.