Marine Petroleum Trust Reports Net Income of $10 Million for the Year

Houston, Texas - March 1, 2022 - MARINE PETROLEUM TRUST [MARPS] (NYSE: MPT) announced today its financial results for the fiscal year ended December 31, 2021. The trust reported a net income of $10 million for the year, representing a significant increase compared to the previous year. Annual revenue reached $50 million, showcasing a strong performance in a challenging market.

Financial Performance

Marine Petroleum Trust demonstrated solid financial performance throughout the year. The trust maintained a strong balance sheet and generated positive cash flow from its operations. Operating income reached $15 million, indicating effective cost management and operational efficiency.