other
confidence high
sentiment neutral
materiality 0.15
Mesa Royalty Trust declares August 2023 distribution of $0.040989891/unit
MESA ROYALTY TRUST/TX
- Distributable net profit income of $76,388 for August 2023.
- Record date August 31, 2023; payable October 31, 2023.
- All $96,253 in revenue came from Hilcorp-operated New Mexico properties; zero from other interest owners.
- Trust warns distributions will be materially reduced until cash reserves reach $2.0 million.
- Risk of no distributions due to accumulated excess production costs and volatile revenues.