Mesa Royalty Trust announces February 2023 distribution of $0.0997/unit; plans to increase cash reserves to $2.0M

MESA ROYALTY TRUST/TX

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.

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 0.75

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

Period: the month of February 2023
Result: reported results

Exact text from the filing

On February 17, 2023, Mesa Royalty Trust issued a press release announcing Mesa Royalty Trust’s royalty income and income distribution for the month of February 2023.

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MESA ROYALTY TRUST/TX filing history →

Source: SEC EDGAR

accession 0001104659-23-023261

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