{"filings":[{"id":2409317,"accession_number":"0001104659-26-099669","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2026-08-21T20:00:52+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust declares no distribution for August 2026 as costs exceed revenue","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No distribution paid for August 2026; costs, charges and expenses exceeded royalty revenue received.","Distributions to be materially reduced until Trust builds cash reserves to total $2.0 million for liquidity.","Accumulated excess production costs will reduce Trust distributions and may cause no distributions in some periods.","Trust holds overriding royalty interests in Hugoton field (Kansas) and San Juan Basin fields (New Mexico, Colorado)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1748042,"accession_number":"0001104659-26-085054","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2026-07-20T20:05:06+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust announces no distribution for July 2026; costs exceed revenue","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["No distribution for July 2026; costs, charges, and expenses exceeded revenue from oil and gas sales.","Distributions expected to be materially reduced until Trust increases cash reserves to $2.0 million.","Substantial accumulated excess production costs have decreased distributions and may cause no distributions in future periods.","Proceeds reported by working interest owners for any month are not representative of future net proceeds."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1138159,"accession_number":"0001104659-26-075716","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2026-06-18T20:02:11+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust announces no distribution for June 2026; costs exceed revenue","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["No distribution paid for June 2026 as costs, charges, and expenses exceeded revenue from oil and gas sales.","Distributions expected to be materially reduced until Trust increases cash reserves to $2.0 million for added liquidity.","Accumulated excess production costs have decreased distributions and may result in no distributions in some periods.","Trust's royalty interest covers Hugoton field (Kansas) and San Juan Basin fields (New Mexico and Colorado)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":498877,"accession_number":"0001104659-26-063180","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2026-05-18T20:01:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust May 2026 distribution $0.0245/unit; reserve build reduces payouts","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["May 2026 distribution of $0.024505172 per unit; payable July 31, 2026 to holders of record May 29, 2026.","Trust received $54,382 in royalty income, all from New Mexico San Juan Basin properties operated by Hilcorp.","After administrative expenses, distributable net profits totaled $45,668.","Distributions expected to be materially reduced until cash reserves increase to $2.0 million for added liquidity."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":97906,"accession_number":"0001104659-26-044935","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2026-04-17T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust declares April 2026 distribution of $0.040259155 per unit","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Distribution payable July 31, 2026 to unitholders of record April 30, 2026.","Trust received $96,591 from New Mexico San Juan Basin properties operated by Hilcorp San Juan LP.","No income received from other working interest owners in April 2026.","After administrative expenses, net distributable profit was $75,027.","Trust continues to target $2.0M cash reserve, which may reduce future distributions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":113101,"accession_number":"0001104659-26-032702","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2026-03-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust Announces March 2026 Distribution of $0.00573 per Unit","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.005730260 per unit payable April 30, 2026 to unitholders of record March 31, 2026.","Trust received $33,481 in royalty income from Hilcorp San Juan LP's New Mexico properties; no other working interest income.","After administrative expenses, distributable net profits were $10,679 for March 2026.","Trust expects materially reduced distributions until cash reserves reach $2.0 million for added liquidity."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":113100,"accession_number":"0001104659-26-016387","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2026-02-17T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust to pay no distribution for February 2026 as costs exceed revenue","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["No distribution for February 2026 (record date Feb 27); costs exceeded oil/gas revenue from royalty properties.","Trust building cash reserves to $2.0 million; distributions expected materially reduced until target is met.","Working interest owners' reported net proceeds not representative of future periods; further reductions possible."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":113099,"accession_number":"0001104659-26-005028","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2026-01-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust announces January 2026 income distribution of $0.001518618 per unit","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.001518618 per unit for January 2026; record Jan 30, payable Apr 30.","Trust received $18,206 in income, all from Hilcorp-operated San Juan Basin (NM) properties.","Distributable net profits after admin expenses: $2,830.","Distributions expected to be materially reduced until cash reserves reach $2.0M (per prior filings)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129506,"accession_number":"0001104659-25-123165","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2025-12-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust announces $0.0186 December distribution; warns of material reductions ahead","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["December distribution of $0.018551844 per unit payable Jan 30, 2026 to holders of record Dec 31, 2025.","Trust received $35,596 all from New Mexico San Juan Basin operated by Hilcorp; no other income.","After admin expenses, distributable net profits were $34,573.","Trust warns distributions will be materially reduced until cash reserves reach $2.0 million.","Substantial accumulated excess production costs may result in no future distributions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129505,"accession_number":"0001104659-25-113649","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2025-11-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust declares Nov 2025 distribution of $0.02962/unit; warns of future reductions","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.029620472 per unit, record Nov 28, 2025, payable Jan 30, 2026.","Trust received $57,503 in royalty income, all from Hilcorp-operated San Juan Basin properties in New Mexico.","Distributable net profits after expenses were $55,200; no income from other working interest owners.","Distributions expected to be materially reduced until cash reserves reach $2.0 million.","Accumulated excess production costs may further decrease or eliminate future Trust distributions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129504,"accession_number":"0001104659-25-100079","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2025-10-16T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust declares Oct 2025 distribution of $0.01835/unit; warns of materially reduced payouts","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.018350966 per unit to holders of record Oct 31, 2025, payable Jan 30, 2026.","Total income received: $47,930 from New Mexico San Juan Basin properties (Hilcorp); no other working interest income.","Distributable net profits after expenses: $34,199.","Trust expects distributions materially reduced until cash reserves reach $2.0 million for added liquidity.","Accumulated excess production costs continue to weigh on future distributions; may result in no payments in some periods."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146063,"accession_number":"0001104659-25-090432","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2025-09-16T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust declares September distribution of $0.001723 per unit","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.001723157 per unit, record date Sept 30, payable Oct 31.","Total income received $20,029, all from Hilcorp San Juan LP (New Mexico properties).","After admin expenses, distributable net profits were $3,211.","Distributions expected to be materially reduced until cash reserves reach $2.0M.","No income received in Sept from any other working interest owner."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146062,"accession_number":"0001104659-25-079798","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2025-08-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust announces August distribution of $0.0094 per unit; net profits $17,576","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["August distribution set at $0.009431485 per unit; record date Aug 29, payable Oct 31, 2025.","Trust received $28,001 in royalty income, all from Hilcorp-operated San Juan Basin properties in New Mexico.","No income received from other working interest owners; distributable net profits after expenses were $17,576.","Trust warns distributions will be materially reduced until cash reserves reach $2.0 million; accumulated excess production costs persist."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146061,"accession_number":"0001104659-25-069030","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2025-07-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust July 2025 distribution $0.02748/unit; warns of reduced future payouts","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.02748 per unit, record July 31, 2025, payable Oct 31, 2025.","Trust received $80,962 from New Mexico San Juan Basin properties only; no other income.","After admin expenses, distributable net profits were $51,212.","Distributions expected to be materially reduced until cash reserves reach $2.0M.","Substantial accumulated excess production costs may lead to no distributions in some periods."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":164375,"accession_number":"0001104659-25-060638","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2025-06-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust announces June 2025 distribution of $0.037757985 per unit","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.037757985 per unit payable July 31, 2025 to unitholders of record June 30, 2025.","Trust received $77,579 in income from Hilcorp San Juan LP's New Mexico properties; no income from other working interest owners.","After administrative expenses, distributable net profits were $70,365.","Trust expects distributions to be materially reduced until cash reserves reach $2.0 million for added liquidity."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":164374,"accession_number":"0001104659-25-050451","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2025-05-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust May 2025 distribution $0.03185/unit, only New Mexico income","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.03185/unit for record date May 30, 2025, payable July 31, 2025.","Trust received $67,348 in income, all from Hilcorp San Juan's New Mexico properties; no other operator income.","Distributable net profits after administrative expenses were $59,351.","Trust warns distributions will be materially reduced until cash reserves reach $2.0 million for liquidity.","Excess production costs and volatility may further reduce or eliminate future distributions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":164373,"accession_number":"0001104659-25-036350","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2025-04-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust announces April 2025 distribution of $0.025 per unit, income solely from New Mexico portion.","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.025015971 per unit; record date April 30, 2025, payable July 31, 2025.","Trust received $75,928 solely from Hilcorp San Juan LP (New Mexico); no income from other working interest owners.","Distributable net profits after expenses: $46,620.","Trust warns distributions will be materially reduced until cash reserves reach $2.0 million; excess production costs may cause no distributions in future periods."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":182134,"accession_number":"0001104659-25-026652","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2025-03-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust March distribution $0.030174584/unit; warns of materially reduced payouts to build $2M reserve","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["March 2025 distribution of $0.030174584 per unit; record date March 31, payable April 30, 2025.","Trust received $60,532 from Hilcorp-operated San Juan Basin properties (New Mexico); no other working interest income.","After admin expenses, distributable net profits were $56,233.","Distributions expected to be materially reduced until Trust increases cash reserves to $2.0 million for added liquidity.","Accumulated excess production costs may result in no distributions in future periods."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":182133,"accession_number":"0001104659-25-014769","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2025-02-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust declares $0.00243/unit Feb distribution; warns of reduced payouts","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Distribution of $0.002429966 per unit, payable Apr 30, 2025 to holders of record Feb 28, 2025.","Trust received $31,717 in income, all from New Mexico San Juan Basin properties operated by Hilcorp.","Distributable net profits were $4,528 after administrative expenses; no income from other working interest owners.","Distributions expected to be materially reduced until Trust builds cash reserves to $2.0 million.","Substantial accumulated excess production costs may cause periods with no distributions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":182132,"accession_number":"0001104659-25-004464","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2025-01-17T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust Jan 2025 distribution $0.000453/unit; warns of materially reduced payouts until $2M reserve built","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Distribution of $0.000453223 per unit for record date Jan 31, 2025, payable Apr 30, 2025.","Total income of $18,282 from New Mexico San Juan Basin; no income from other working interest owners.","Distributable net profits after admin expenses: $845.","Trust expects materially reduced distributions until cash reserves reach $2.0 million for added liquidity.","Accumulated excess production costs may further reduce or eliminate future distributions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198781,"accession_number":"0001104659-24-129751","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2024-12-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust declares December distribution of $0.0224 per unit","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.022423076 per unit payable Jan 31, 2025 to holders of record Dec 31, 2024.","Trust received $47,632 in income, all from New Mexico San Juan Basin properties operated by Hilcorp San Juan LP.","After administrative expenses, distributable net profits were $41,787.","Trust warns distributions will be materially reduced until cash reserves reach $2.0 million for added liquidity.","Excess production costs have accumulated and may result in no distributions in future periods."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198780,"accession_number":"0001104659-24-120567","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2024-11-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust announces $0.00306/unit November distribution","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Distribution of $0.003060770 per unit payable Jan 31, 2025 to holders of record Nov 29, 2024.","Trust received $22,189.57 in total income: $8,766.51 from Colorado (SIMCOE/IKAV) and $13,423.06 from New Mexico (Hilcorp).","Net distributable profit after admin expenses was $5,704.02.","Trust warns distributions will be materially reduced until cash reserves reach $2.0 million for added liquidity."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198779,"accession_number":"0001104659-24-110224","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2024-10-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust declares monthly distribution of $0.0057/unit for October 2024","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.005692813 per unit; record date Oct 31, 2024; payable Jan 31, 2025.","Trust received $26,349 from San Juan Basin Colorado properties (SIMCOE LLC/IKAV). No income from other owners.","After administrative expenses, distributable net profits were $10,609.","Trust is building cash reserves to $2.0 million, which will materially reduce future distributions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":214813,"accession_number":"0001104659-24-101701","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2024-09-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust announces $0.003733/unit Sept distribution; warns of reduced payments until $2M reserve built","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.003733319 per unit to holders of record Sept 30, 2024, payable Oct 31, 2024.","Trust received $10,846 in royalty income, all from New Mexico San Juan Basin properties operated by Hilcorp San Juan LP.","After administrative expenses, distributable net profit income was $6,957.","Trust reiterates that distributions expected to be materially reduced until $2.0 million cash reserve is built to provide liquidity."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":214812,"accession_number":"0001104659-24-091271","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2024-08-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust announces no distribution for August 2024; costs exceeded revenue","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["No August 2024 distribution; record date August 30, 2024, as costs, charges, and expenses exceeded royalty revenue.","Distributions expected to be materially reduced until trust builds $2.0 million cash reserve for added liquidity.","Cumulative excess production costs continue to reduce available proceeds; future periods may also see no distributions.","Volatility in oil/gas prices and working interest owner reports directly affect distribution amounts."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":214811,"accession_number":"0001104659-24-081172","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2024-07-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust announces July distribution of $0.0018/unit; warns of reduced future payouts as it builds $2M reserve","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Distribution: $0.001801384 per unit, record July 31, payable October 31, 2024.","Trust received $36,618 from New Mexico San Juan Basin properties operated by Hilcorp; no other income.","After administrative expenses, distributable net profit was $3,357.","Distributions expected to be materially reduced until cash reserve reaches $2.0 million.","Accumulated excess production costs continue to pressure distributions and may result in zero payouts."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":233967,"accession_number":"0001104659-24-072819","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2024-06-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust declares June 2024 distribution of $0.0388 per unit","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.038766492 per unit, record June 28, 2024, payable July 31, 2024.","Trust received $85,246 from San Juan Basin properties operated by Hilcorp; no other income.","Net distributable profit after expenses and reserves was $72,245.","Trust expects materially reduced distributions until cash reserves reach $2.0 million."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":233966,"accession_number":"0001104659-24-063834","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2024-05-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust May distribution $0.0546/unit; warns of materially reduced future payouts","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["May 2024 distribution of $0.054572375 per unit, payable July 31, 2024 to holders of record May 31, 2024.","Trust received $130,266 from New Mexico San Juan Basin properties (Hilcorp); no income from other working interest owners.","After cash reserves and expenses, distributable net profits were $101,701.","Distributions expected to be materially reduced until Trust builds cash reserves to $2.0 million.","Accumulated excess production costs continue to pose risk; future distributions may be eliminated."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":233965,"accession_number":"0001104659-24-048853","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2024-04-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust announces April 2024 distribution of $0.0192/unit","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.019208416 per unit payable July 31, 2024 to holders of record April 30, 2024.","Trust received $89,860 in royalty income from Hilcorp-operated San Juan Basin properties; no other working interest income.","Distributable net profits after reserves and expenses: $35,797.","Trust continues accumulating cash reserves toward $2.0M target, expected to materially reduce future distributions.","No income from other working interest owners; future payments subject to oil/gas price and cost volatility."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":251938,"accession_number":"0001104659-24-036126","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2024-03-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust declares March 2024 distribution of $0.0278/unit","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.027776761 per unit for unitholders of record March 29, 2024, payable April 30, 2024.","Trust received $91,035 in income, all from New Mexico San Juan Basin properties operated by Hilcorp San Juan LP.","No income received in March 2024 from any other working interest owner.","Distributable net profits after cash reserves and expenses were $51,764.","Trust continues to build cash reserves to $2.0 million, which will materially reduce future distributions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":251937,"accession_number":"0001104659-24-024899","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2024-02-16T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust February 2024 distribution $0.0087/unit; income $27,216 from New Mexico","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.008739141 per unit payable April 30, 2024 to unitholders of record Feb 29, 2024.","Trust received $27,216 in royalty income from Hilcorp San Juan LP (New Mexico properties); no other income.","Distributable net profits after withholding and expenses: $16,286.","Trust warns distributions will be materially reduced until cash reserves reach $2.0 million."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":251936,"accession_number":"0001104659-24-004805","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2024-01-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust announces January 2024 distribution of $0.02519 per unit","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Distribution of $0.025185860 per unit payable April 30, 2024 to holders of record Jan 31, 2024.","Trust received $65,406 in royalty income, all from New Mexico San Juan Basin properties operated by Hilcorp.","After administrative expenses, distributable net profits were $46,936.","Trust is building cash reserves to $2.0 million, which will materially reduce future distributions.","Substantial accumulated excess production costs may further reduce or eliminate distributions in some periods."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":269470,"accession_number":"0001104659-23-127315","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2023-12-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust declares Dec distribution of $0.031/unit; warns of future reductions","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.030835621 per unit for December 2023; record date Dec 29, 2023; payable Jan 31, 2024.","Total income of $99,199 received from Hilcorp San Juan LP (New Mexico San Juan Basin); no income from other working interest owners.","Distributable net profits after reserves and expenses: $57,465.","Trust warns distributions will be materially reduced until cash reserves reach $2.0 million for added liquidity.","Accumulated excess production costs may result in no distributions in some future periods."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":269469,"accession_number":"0001104659-23-119912","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2023-11-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust declares $0.0674/unit November distribution; warns of materially reduced future distributions","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.067409199 per unit for Nov 2023, payable Jan 31, 2024 to holders of record Nov 30, 2023.","Trust received $150,917 in income, all from New Mexico San Juan Basin properties operated by Hilcorp; no other working interest income.","Distributable net profits after reserves and expenses totaled $125,623.","Trust warns distributions will be materially reduced until cash reserves reach $2.0M; accumulated excess production costs could result in zero distributions.","Proceeds from working interest owners are not representative of future net proceeds; volatility in revenues and expenses may further reduce payouts."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":269468,"accession_number":"0001104659-23-110112","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2023-10-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust declares October 2023 distribution of $0.017 per unit","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.017092459 per unit; record date Oct 31, 2023; payable Jan 31, 2024.","Trust received $47,447 from New Mexico San Juan Basin properties operated by Hilcorp; no income from other owners.","After admin expenses, distributable net profits were $31,853.","Distributions expected to be materially reduced until cash reserves reach $2.0 million.","Excess production costs may eliminate distributions in some future periods."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":286440,"accession_number":"0001104659-23-101577","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2023-09-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust declares Sept distribution of $0.0429/unit; warns of reduced distributions due to reserve build","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.042863848 per unit payable Oct 31, 2023 to holders of record Sep 29, 2023.","Trust received $119,751 from Hilcorp San Juan LP (New Mexico properties); no income from other working interest owners.","Distributable net profits after expenses and cash reserves were $79,881.","Trust warns distributions will be materially reduced until cash reserves reach $2.0 million for added liquidity.","Volatility in oil/gas prices and production costs could result in no distributions in some periods."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":286439,"accession_number":"0001104659-23-093907","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2023-08-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust declares August 2023 distribution of $0.040989891/unit","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Distributable net profit income of $76,388 for August 2023.","Record date August 31, 2023; payable October 31, 2023.","All $96,253 in revenue came from Hilcorp-operated New Mexico properties; zero from other interest owners.","Trust warns distributions will be materially reduced until cash reserves reach $2.0 million.","Risk of no distributions due to accumulated excess production costs and volatile revenues."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":286438,"accession_number":"0001104659-23-082703","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2023-07-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust declares July 2023 distribution of $0.05797/unit","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.057965309 per unit; payable Oct 31, 2023 to holders of record July 31, 2023.","Trust received $141,470 in royalty income, all from New Mexico San Juan Basin properties (Hilcorp).","After reserves and expenses, distributable net profits were $108,024.","Trust warns distributions will be materially reduced until cash reserves reach $2.0 million.","Substantial accumulated excess production costs may result in no distributions in future periods."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":306331,"accession_number":"0001104659-23-072873","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2023-06-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust June distribution $0.1362/unit; warns of reduced payouts until $2M reserve","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["June 2023 distribution of $0.136162501 per unit; record date June 30, payable July 31.","Trust received $300,329 from San Juan Basin properties operated by Hilcorp; no other income.","Distributable net profits after reserves and expenses: $253,751.","Trust warns distributions will be materially reduced until cash reserves reach $2.0 million."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":306330,"accession_number":"0001104659-23-062251","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2023-05-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust declares $0.4875/unit May distribution; warns of materially reduced future payouts","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Distribution of $0.487527137 per unit payable July 31, 2023 to holders of record May 31, 2023.","Trust received $978,608 from Hilcorp-operated New Mexico properties and $7,590 from Red Willow-operated Colorado properties.","No income from Hugoton or SIMCOE-operated Colorado properties in May 2023.","Distributable net profits after reserves and expenses were $908,551.","Trust intends to increase cash reserves to $2.0 million, materially reducing future distributions; accumulated excess production costs persist."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":306329,"accession_number":"0001104659-23-046702","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2023-04-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust announces April 2023 distribution of $0.2379/unit; warns of materially reduced distributions ahead","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.23789576 per unit payable July 31, 2023 to holders of record April 28, 2023.","Trust received $492,928 from New Mexico San Juan Basin (Hilcorp) and $22,805 from Colorado (Red Willow).","No income received from Hugoton properties or Colorado SIMCOE/IKAV properties in April.","Trust intends to increase cash reserves to $2.0M, which will materially reduce future distributions.","Distributions subject to fluctuation based on production, prices, and expenses; could be zero in some periods."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":325495,"accession_number":"0001104659-23-035048","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2023-03-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust declares March distribution of $0.1118/unit; warns of reduced future payouts","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["March 2023 distribution: $0.111765364 per unit, payable April 28, 2023 to holders of record March 31, 2023.","Total income received: $239,261 from San Juan Basin (NM), $23,205 (CO-SIMCOE), $10,347 (CO-Red Willow); no income from Hugoton.","Distributable net profit after expenses and reserves: $208,285.","Trust intends to increase cash reserves to $2.0 million, which will materially reduce future distributions.","Accumulated excess production costs may lead to periods with no distributions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":325494,"accession_number":"0001104659-23-023261","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2023-02-17T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust announces February 2023 distribution of $0.0997/unit; plans to increase cash reserves to $2.0M","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.099748984 per unit, record Feb 28, payable Apr 28, from $212,150 New Mexico and $1,134 Colorado receipts.","No income received from Hugoton (Scout Energy) or Colorado IKAV-operated properties in February.","Distributable net profits after expenses and reserves: $185,891.","Trust intends to increase cash reserves to $2.0 million, materially reducing future distributions.","Accumulated excess production costs could result in no distributions in some periods."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":325493,"accession_number":"0001104659-23-005403","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2023-01-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust declares $0.1581/unit distribution for Jan 2023; warns of materially reduced future payouts","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.158144166 per unit; record date Jan 31, 2023, payable Apr 28, 2023.","Total income of $336,515 received from New Mexico San Juan Basin properties operated by Hilcorp San Juan LP.","Distributable net profits after expenses and reserves: $294,716; no income from other working interest owners.","Trust expects materially reduced distributions until cash reserves reach $2.0 million.","Accumulated excess production costs may further reduce or eliminate distributions in some periods."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":343234,"accession_number":"0001104659-22-128622","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2022-12-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust Announces December 2022 Distribution of $0.2012 Per Unit","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.201199745 per unit declared for December 2022, payable Jan 31, 2023 to unitholders of record Dec 30, 2022.","Received $336,595 from Hilcorp San Juan LP (New Mexico San Juan Basin) and $64,224 from Scout Energy Group V, LP (Hugoton Royalty).","No income received from Colorado San Juan Basin properties operated by SIMCOE LLC (IKAV Energy) or Red Willow Production Company.","After withholding for cash reserves and expenses, distributable net profits totaled $374,954.","Trust plans to increase cash reserves to $2.0 million, which may materially reduce future distributions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":343233,"accession_number":"0001104659-22-120340","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2022-11-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust declares $0.1852/unit November distribution; warns of materially reduced 2022 distributions","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Distribution of $0.185205910 per unit, record date Nov 30, 2022, payable Jan 31, 2023.","Distributable net profits $345,148 from New Mexico San Juan Basin ($265,426) and Hugoton Royalty ($105,067); no Colorado income.","Trust intends to increase cash reserves to $2.0M in 2022, materially reducing distributions.","Accumulated excess production costs may further decrease or eliminate future distributions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":343232,"accession_number":"0001104659-22-110292","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2022-10-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust declares October distribution of $0.1818/unit; warns of materially reduced 2022 payouts","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Distribution of $0.181767542 per unit payable Jan 31, 2023 to holders of record Oct 31, 2022.","Trust received $330,459 from New Mexico San Juan Basin (Hilcorp) and $46,005 from Hugoton (Scout Energy); no income from Colorado properties.","Distributable net profits after reserves and expenses: $338,740.","Trust intends to increase cash reserves to $2.0M, expecting materially reduced distributions during 2022.","Accumulated excess production costs may further reduce or eliminate future distributions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":359783,"accession_number":"0001104659-22-101921","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K/A","filed_at":"2022-09-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust corrects Sept. distribution to $0.1866/unit; notes reduced future distributions","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Corrected distribution: $0.186638855 per unit, payable Oct 31, 2022 to unitholders of record Sept 30, 2022.","Total distributable income $347,818: $275,783 from New Mexico San Juan (Hilcorp) and $115,890 from Hugoton (Scout).","No income received from Colorado San Juan Basin properties operated by SIMCOE/IKAV or Red Willow.","Trust plans to increase cash reserves to $2.0 million during 2022, materially reducing distributions.","Accumulated excess production costs may further decrease or eliminate future distributions to unitholders."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":359786,"accession_number":"0001104659-22-101554","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2022-09-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust announces Sept 2022 distribution of $0.12445/unit; warns of reduced 2022 distributions","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Distribution of $0.124452446 per unit to unitholders of record on Sept 30, payable Oct 31, 2022.","Total trust income of $275,783 from New Mexico San Juan Basin properties operated by Hilcorp San Juan LP.","No income received from any other working interest owner in September 2022.","Distributable net profits after cash reserves and administrative expenses: $231,928.","Trust expects distributions materially reduced during 2022 as it builds cash reserves to $2.0 million for added liquidity."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":359785,"accession_number":"0001104659-22-092954","cik":313364,"company_name":"MESA ROYALTY TRUST/TX","ticker":"MTR","form_type":"8-K","filed_at":"2022-08-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesa Royalty Trust announces August 2022 distribution of $0.2932/unit; cautions on future reductions","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Distribution of $0.293212491 per unit payable Oct 31, 2022 to holders of record Aug 31.","Income of $256,369 from Hilcorp-operated New Mexico San Juan properties and $331,788 from Scout-operated Hugoton properties.","No income received from Colorado San Juan properties operated by SIMCOE/IKAV or Red Willow.","Trust intends to increase cash reserves to $2.0M in 2022, materially reducing future distributions.","Accumulated excess production costs may result in periods with no distribution."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":7137549.439647254,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2022-08-19T23:59:59+00:00|359785"}