ECA Marcellus Trust I announced a quarterly distribution of $0.020 per unit for the quarter ended June 30, 2025.
The distribution is expected to be distributed on or before August 29, 2025, to holders of record as of August 25, 2025.
The Trustee has been gradually building a cash reserve since the first quarter of 2019 to cover future expenses and liabilities.
Cash Reserve Build-Up
The Trustee has increased the targeted cash reserve from $1.8 million to $3.8 million since November 2021.
Quarterly Withholding
The Trustee withholds $90,000 per quarter to build the cash reserve until the targeted $3.8 million is reached.
Property Interests
The Trust owns royalty interests in natural gas properties in the Marcellus Shale formation in Pennsylvania and receives proceeds from production sales.
- The Trust's distributions fluctuate based on natural gas prices, production proceeds, and administrative expenses.
- Low natural gas prices can reduce the cash available for distribution to unitholders, potentially resulting in no distributions in certain periods.
The Trust's prudent financial management through cash reserve build-up aims to ensure a stable distribution stream and address future expenses. However, the volatility in commodity prices poses a challenge to distribution consistency.