Mesa Royalty Trust declares July 2023 distribution of $0.05797/unit

MESA ROYALTY TRUST/TX

Distribution of $0.057965309 per unit; payable Oct 31, 2023 to holders of record July 31, 2023.
Trust received $141,470 in royalty income, all from New Mexico San Juan Basin properties (Hilcorp).
After reserves and expenses, distributable net profits were $108,024.
Trust warns distributions will be materially reduced until cash reserves reach $2.0 million.
Substantial accumulated excess production costs may result in no distributions in future 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 0.9

MESA ROYALTY TRUST/TX reported the month of July 2023 results: net income $108,024.

Period: the month of July 2023
Net income: $108,024
Result: reported results

Exact text from the filing

Mesa Royalty Trust (the “Trust”) (NYSE symbol-MTR) announced today the Trust income distribution for the month of July 2023. Unitholders of record on July 31, 2023 will receive distributions amounting to $0.057965309 per unit, payable on October 31, 2023. The Trust received $141,470, all of which came from the New Mexico portion of the Trust’s San Juan Basin properties operated by Hilcorp San Juan LP, an affiliate of Hilcorp Energy Company. No income was received in July 2023 from any other working interest owner. This month, after the Trust’s withholding for cash reserves and the payment of administrative expenses, income from the distributable net profits was $108,024.

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Source: SEC EDGAR

accession 0001104659-23-082703

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