other material
confidence high
sentiment neutral
materiality 0.40
Mesa Royalty Trust announces Sept 2022 distribution of $0.12445/unit; warns of reduced 2022 distributions
MESA ROYALTY TRUST/TX
- 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.