{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-062251","form_type":"8-K","ticker":"MTR","cik":"0000313364","company_name":"MESA ROYALTY TRUST/TX","filed_at":"2023-05-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.722849+00:00","generated_at":"2026-06-14T21:36:05.957424+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Mesa Royalty Trust declares $0.4875/unit May distribution; warns of materially reduced future payouts","bullets":["Distribution of $0.487527137 per unit payable July 31, 2023 to holders of record May 31, 2023.","Trust received $978,608 from Hilcorp-operated New Mexico properties and $7,590 from Red Willow-operated Colorado properties.","No income from Hugoton or SIMCOE-operated Colorado properties in May 2023.","Distributable net profits after reserves and expenses were $908,551.","Trust intends to increase cash reserves to $2.0 million, materially reducing future distributions; accumulated excess production costs persist."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-062251","json":"https://secwatch.observer/filing/0001104659-23-062251.json","markdown":"https://secwatch.observer/filing/0001104659-23-062251.md","text":"https://secwatch.observer/filing/0001104659-23-062251.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/313364/000110465923062251/0001104659-23-062251-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/313364/000110465923062251/tm2316145d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T21:36:05.957424+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}