海洋石油信托 2024年度报告

FORM 10-K ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2025 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIODFROM __________ TO __________ Commission File Number 000-08565 Marine Petroleum Trust (Exact name of Registrant as specified in its Charter) Texas75-6008017(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.)c/o Corporate Trustee:Argent Trust Company,3838 Oak Lawn Avenue, Suite 1720Dallas, TX75219(Address of principal executive offices)(Zip code)Registrant’s telephone number, including area code:(855) 588-7839Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of theSecurities Act. YES☐NO☒ Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or 15(d) of theAct. YES☐NO☒ Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter periodthat the Registrant was required to file such reports), and (2) has been subject to such filing requirementsfor the past 90 days. YES☒NO☐ Indicate by check mark whether the Registrant has submitted electronically every Interactive Data Filerequired to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during thepreceding 12 months (or for such shorter period that the Registrant was required to submit such files). YES☐NO☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “largeaccelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” inRule 12b-2 of the Exchange Act. Large acceleratedfiler☐Non-acceleratedfiler☒Emerging growthcompany☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuantto Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’sassessment of the effectiveness of its internal control over financial reporting under Section 404(b) of theSarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued itsaudit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether thefinancial statements of the registrant included in the filing reflect the correction of an error to previouslyissued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recoveryanalysis of incentive-based compensation received by any of the registrant’s executive officers during therelevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of theExchange Act). YES☐NO☒ The aggregate market value of units of beneficial interest held by non-affiliates of the registrant atDecember 31, 2024 (the last business day of the registrant’s most recently completed second fiscal quarter)was approximately $7,940,000. (For purposes of determination of the above stated amount, only directors,executive officers and 10% or greater unitholders have been deemed affiliates.) The number of units of beneficial interest outstanding as of September 29, 2025 was 2,000,000. TABLE OF CONTENTS PART IItem1.Business1Item1A.Risk Factors3Item1B.Unresolved Staff Comments8Item1C.Cybersecurity8Item2.Properties9Item3.Legal Proceedings11Item4.Mine Safety Disclosures11PART IIItem5.Market for Registrant’s Common Equity, Related UnitholderMatters and Issuer Purchases of Equity Securities12Item6.[Reserved]12Item7.Trustee’s Discussion and Analysis of Financial Condition andResults of Operations13Item7A.Quantitative and Qualitative Disclosures About Market Risk16Item8.Financial Statements and Supplementary Data17Item9.Changes in and Disagreements with Accountants on Accountingand Financial Disclosure17Item9A.Controls and Procedures17Item9B.Other Information18Item9C.Disclosure Regarding Foreign Jurisdictions That PreventInspections18PART IIIItem10.Directors, Executive Officers and Corporate Governance19Item11.Executive Compensation19Item12.Security Ownership of Certain Beneficial Owners andManagement and Related Unitholder Matters19Item13.Certain Relationships and Related Transactions, and DirectorIndependence20Item14.Principal Accounting Fees and Services20PART IVItem15.Exhibits, Financial Statement Schedules21 PART I ITEM 1. BUSINESS Organization.Ma