Mesa Royalty Trust declares $0.0674/unit November distribution; warns of materially reduced future distributions

MESA ROYALTY TRUST/TX

Distribution of $0.067409199 per unit for Nov 2023, payable Jan 31, 2024 to holders of record Nov 30, 2023.
Trust received $150,917 in income, all from New Mexico San Juan Basin properties operated by Hilcorp; no other working interest income.
Distributable net profits after reserves and expenses totaled $125,623.
Trust warns distributions will be materially reduced until cash reserves reach $2.0M; accumulated excess production costs could result in zero distributions.
Proceeds from working interest owners are not representative of future net proceeds; volatility in revenues and expenses may further reduce payouts.

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 November 2023 results: revenue $150,917, net income $125,623, EPS $0.067409199 per unit.

Period: the month of November 2023
Revenue: $150,917
Net income: $125,623
EPS: $0.067409199 per unit
Result: reported results

Exact text from the filing

month of November 2023. Unitholders of record on November 30, 2023 will receive distributions amounting to $0.067409199 per unit, payable on January 31, 2024. The Trust received $150,917, 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

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Source: SEC EDGAR

accession 0001104659-23-119912

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