Mesa Royalty Trust declares $0.1581/unit distribution for Jan 2023; warns of materially reduced future payouts

MESA ROYALTY TRUST/TX

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.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.65

MESA ROYALTY TRUST/TX reported financial results for month of January 2023.

Period: month of January 2023
Result: reported results

Exact text from the filing

On January 20, 2023, Mesa Royalty Trust issued a press release announcing Mesa Royalty Trust’s royalty income and income distribution for the month of January 2023.

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MESA ROYALTY TRUST/TX filing history →

Source: SEC EDGAR

accession 0001104659-23-005403

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