MARPS has been in the news 349% more than usual
Sep 10, 2024, 4:33 PM
2.79%
What does MARPS do
Marine Petroleum Trust, based in Dallas, Texas, manages payments from oil and gas leases in the Gulf of Mexico and distributes cash to unitholders quarterly. Its subsidiary, Marine Petroleum Corporation, oversees royalty interests offshore Louisiana.
MARPS has been in the news recently: Patrick Industries, Inc. has acquired RecPro, an e-commerce platform projected to generate $80 million in revenue in 2024, strengthening its position in the outdoor aftermarket market. Additionally, the global Marine Transmission Systems market is expected to grow from $33.4 billion in 2023 to $37.3 billion by 2030.
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