secwatch.observer — SEC 8-K summary
======================================

Issuer:     MESA ROYALTY TRUST/TX (MTR)
CIK:        0000313364
Form:       8-K
Filed at:   2023-03-21T23:59:59+00:00
Accession:  0001104659-23-035048
Event type: dividend
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mesa Royalty Trust declares March distribution of $0.1118/unit; warns of reduced future payouts
--------------------------------------------------------------------------------

- March 2023 distribution: $0.111765364 per unit, payable April 28, 2023 to holders of record March 31, 2023.
- Total income received: $239,261 from San Juan Basin (NM), $23,205 (CO-SIMCOE), $10,347 (CO-Red Willow); no income from Hugoton.
- Distributable net profit after expenses and reserves: $208,285.
- Trust intends to increase cash reserves to $2.0 million, which will materially reduce future distributions.
- Accumulated excess production costs may lead to periods with no distributions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/313364/000110465923035048/0001104659-23-035048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/313364/000110465923035048/tm2310128d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-035048

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer