Mesa Royalty Trust declares Sept distribution of $0.0429/unit; warns of reduced distributions due to reserve build

MESA ROYALTY TRUST/TX

Distribution of $0.042863848 per unit payable Oct 31, 2023 to holders of record Sep 29, 2023.
Trust received $119,751 from Hilcorp San Juan LP (New Mexico properties); no income from other working interest owners.
Distributable net profits after expenses and cash reserves were $79,881.
Trust warns distributions will be materially reduced until cash reserves reach $2.0 million for added liquidity.
Volatility in oil/gas prices and 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 0.95

MESA ROYALTY TRUST/TX reported financial results for September 2023.

Period: September 2023
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 September 2023.

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Source: SEC EDGAR

accession 0001104659-23-101577

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