MARPS
Marine Petroleum Trust
MARPS's fundamentals are mixed, but it looks expensive: trading at 13x earnings, in line with its usual 13x.
MARPS Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Healthy | |
| Weak | |
| Strong |
MARPS's profitability and balance sheet are currently healthy, but its revenue and cash flow are under pressure.
MARPS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.3x | $2.41 | -43% |
| Fair | 12x | $4.11 | -3.5% |
| Current | 13x | $4.26 | — |
| Expensive | 22x | $7.31 | +72% |
Historical ranges are pointers, not guarantees.
MARPS's PE is in its fair range at 13x.
MARPS Forward outlook
There aren't enough analyst estimates for MARPS to show an outlook.
MARPS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $0.33 | -11% |
| Q1 2026 | $0.31 | -16% |
| Q4 2025 | $0.37 | +23% |
| Q3 2025 | $0.31 | -14% |
| Q2 2025 | $0.37 | +5.7% |
| Q1 2025 | $0.37 | -24% |
| Q4 2024 | $0.30 | -44% |
| Q3 2024 | $0.36 | -43% |
MARPS's earnings per share have fallen from their peak: $0.33 over the past year, against $0.85 in late 2022.
MARPS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $261.3K | +9.9% |
| Q1 2026 | $232.9K | -30% |
| Q4 2025 | $268.2K | +62% |
| Q3 2025 | $223.4K | -22% |
| Q2 2025 | $237.6K | +3.4% |
| Q1 2025 | $333K | +35% |
| Q4 2024 | $165.9K | -33% |
| Q3 2024 | $286.5K | -1.6% |
MARPS's revenue is recovering but still below its 2022 peak: $261,260 last quarter, up 9.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 78% | +7.9 points |
| Q1 2026 | 58% | -14 points |
| Q4 2025 | 72% | +27 points |
| Q3 2025 | 59% | -18 points |
| Q2 2025 | 70% | +0.2 points |
| Q1 2025 | 71% | +30 points |
| Q4 2024 | 45% | -30 points |
| Q3 2024 | 76% | -2.3 points |
MARPS's operating margin was 78% last quarter, up 7.9 points from the same quarter a year ago.
MARPS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2023 | $0 | -100% |
| Q3 2023 | $0 | -100% |
| Q2 2023 | -$1.1M | -$1.1M |
| Q1 2023 | $215.8K | +$215.8K |
| Q4 2022 | $379K | +$379K |
| Q3 2022 | $522.4K | +$522.4K |
| Q2 2022 | $0 | $0 |
| Q1 2022 | $0 | $0 |
MARPS's free cash flow has turned negative after years in the green: −$901,338 over the past year.
MARPS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | 0% | -- |
| 3 years | 0% | -- |
| 5 years | 0% | -- |
| Available history | 0% | -- |
MARPS has 2M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
MARPS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -1,440.9x | Net Cash |
| Q1 2026 | -1.5x | Net Cash |
| Q4 2025 | -1.4x | Net Cash |
| Q3 2025 | -1.4x | Net Cash |
| Q2 2025 | -1.3x | Net Cash |
| Q1 2025 | -1.3x | Net Cash |
| Q4 2024 | -1.5x | Net Cash |
| Q3 2024 | -1.4x | Net Cash |
MARPS has more cash than debt.
MARPS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.7 | Neutral |
| Stochastic | 29.7 | Neutral |
MARPS's weekly RSI is 45 (neutral) and its Stochastic is 30 (neutral).
MARPS PE vs Energy Sector
| Metric | MARPS | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 13x | 1.1% below |
| PE % | 57 | 61 | 4 pts below |
MARPS is trading at 13x earnings, in line with the Energy sector's median of 13x.
MARPS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.26 | 0% above |
| 20 week MA | $4.52 | 5.8% below |
| 50 week MA | $4.66 | 8.6% below |
| 100 week MA | $4.47 | 4.7% below |
| 200 week MA | $4.79 | 11% below |
MARPS is in a downtrend: it's below all five of its weekly moving averages, and 11% below its 200-week average.
MARPS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $1.78 | $3.02 | +70% |
| 2021 | $3.02 | $4.28 | +42% |
| 2022 | $4.28 | $7.17 | +68% |
| 2023 | $7.17 | $4.03 | -44% |
| 2024 | $4.03 | $3.81 | -5.5% |
| 2025 | $3.81 | $4.36 | +14% |
| 2026 YTD | $4.36 | $4.26 | -2.3% |
MARPS has finished higher in four of the last six years, two of them by more than 50%. It's down 2.3% so far in 2026.