secwatch.observer — SEC 8-K summary
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Issuer:     MESA ROYALTY TRUST/TX (MTR)
CIK:        0000313364
Form:       8-K
Filed at:   2023-01-20T23:59:59+00:00
Accession:  0001104659-23-005403
Event type: dividend
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/313364/000110465923005403/0001104659-23-005403-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/313364/000110465923005403/tm233969d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-005403

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