ECA Marcellus Trust I Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020 - 2016
Revenue	3.76	2.18	2.88	11.62	6.3	Upgrade
Revenue Growth (YoY)	73.05%	-24.60%	-75.18%	84.63%	269.63%	Upgrade
Gross Profit	3.76	2.18	2.88	11.62	6.3	Upgrade
Selling, General & Admin	1.18	1.24	1.17	1.12	1.11	Upgrade
Operating Expenses	1.18	1.24	1.17	1.12	1.11	Upgrade
Operating Income	2.58	0.94	1.72	10.5	5.19	Upgrade
Interest Expense	-0.11	-0.11	-0.09	-0.02	-0	Upgrade
Interest & Investment Income	0.13	0.14	0.12	0.03	0	Upgrade
Other Non Operating Income (Expenses)	-0.36	-0.17	-0.36	-0.4	-0.42	Upgrade
EBT Excluding Unusual Items	2.24	0.79	1.39	10.11	4.77	Upgrade
Pretax Income	2.24	0.79	1.39	10.11	4.77	Upgrade
Net Income	2.24	0.79	1.39	10.11	4.77	Upgrade
Net Income to Common	2.24	0.79	1.39	10.11	4.77	Upgrade
Net Income Growth	182.57%	-42.70%	-86.29%	112.05%	3081.89%	Upgrade
Shares Outstanding (Basic)	18	18	18	18	18	Upgrade
Shares Outstanding (Diluted)	18	18	18	18	18	Upgrade
EPS (Basic)	0.13	0.05	0.08	0.57	0.27	Upgrade
EPS (Diluted)	0.13	0.05	0.08	0.57	0.27	Upgrade
EPS Growth	182.57%	-42.70%	-86.29%	112.05%	3081.90%	Upgrade
Dividend Per Share	0.128	0.045	0.079	0.574	0.271	Upgrade
Dividend Growth	184.44%	-43.04%	-86.24%	111.81%	2911.11%	Upgrade
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	Upgrade
Operating Margin	68.67%	43.11%	59.46%	90.34%	82.41%	Upgrade
Profit Margin	59.63%	36.52%	48.06%	87.00%	75.75%	Upgrade
EBIT	2.58	0.94	1.72	10.5	5.19	Upgrade
EBIT Margin	68.67%	43.11%	59.46%	90.34%	82.41%	Upgrade
Revenue as Reported	3.76	2.18	2.88	11.62	6.3	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.