secwatch.observer — SEC 8-K summary
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Issuer:     MESA ROYALTY TRUST/TX (MTR)
CIK:        0000313364
Form:       8-K
Filed at:   2022-11-18T23:59:59+00:00
Accession:  0001104659-22-120340
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mesa Royalty Trust declares $0.1852/unit November distribution; warns of materially reduced 2022 distributions
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/313364/000110465922120340/0001104659-22-120340-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/313364/000110465922120340/tm2230786d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-120340

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