MARPS 10-K & 10-Q changes, risk factors and insider trading
Marine Petroleum Trust · Nasdaq · Oil Royalty Traders · CIK 62362 · All filings on SEC.gov
At a glance
What changed in the latest 10-K
Risk Factors
Largest changes
the effect of worldwide energy conservation measures and governmental policies and regulatory incentives for investment in non-fossil fuel energy sources; and the nature and extent of governmental regulation and taxation.see in full comparison
Full comparison: every changed paragraph (4)
public health concerns, such as COVID-19concerns;
the effect of worldwide energy conservation measures and governmental policies and regulatory incentives for investment in non-fossil fuel energy sources; and the nature and extent of governmental regulation and taxation.
A significant portion of Marine’s royalties are attributable to a limited number of working interest owners. For the fiscal year ended June 30, 2025,2026, two working interest owners accounted for 100% of the royalty payments to Marine, one of which accounted for moreeffectively than 99%100% of such royalty payments. Marine does not require working interest owners to pledge collateral or otherwise post security for royalty payments. At any time, Marine may encounter collection issues with one or more of the working interest owners, which could result in Marine not receiving payments for some or all of its royalty interests. Any reduction in royalty payments would reduce the distributable income to Marine’s unitholders.
Terrorism and continued geopolitical hostilities, including the war in UkraineEastern Europe and the warMiddle between Israel and Hamas,East, could adversely affect Marine’s distributions to its unitholders or the market price of its units.
Management's Discussion & Analysis (MD&A)
Not available: the section could not be located automatically in both filings (non-standard layout or incorporated by reference). See the original filing. Open the filing on SEC.gov.
What changed in the latest 10-Q
Risk Factors
As of the date of this filing, there have been no material changes from the risk factors previously disclosed in the “Risk Factors” in Marine’s Annual Report filed on Form 10-K for the fiscal year ended June 30, 2025.
Items 2-4.
Not applicable.
No wording changes found in this section.
Full comparison: every changed paragraph (0)
Management's Discussion & Analysis (MD&A)
Not available: the section could not be located automatically in both filings (non-standard layout or incorporated by reference). See the original filing. Open the filing on SEC.gov.
MARPS insider buying and selling (Form 4)
Since 2026-04-11, insiders reported open-market purchases in 0 Form 4 filings and open-market sales in 0 filings. Totals add up every open-market (code P and S) line in those filings, using the prices reported in the filings. Awards, option exercises, tax withholding and gifts are listed below but not counted.
No Form 4 stock transactions in this period.
Well-known investors holding MARPS (13F)
None of the 59 investors we track reported a position in their latest 13F.