Mesa Royalty Trust announces January 2024 distribution of $0.02519 per unit

MESA ROYALTY TRUST/TX

Distribution of $0.025185860 per unit payable April 30, 2024 to holders of record Jan 31, 2024.
Trust received $65,406 in royalty income, all from New Mexico San Juan Basin properties operated by Hilcorp.
After administrative expenses, distributable net profits were $46,936.
Trust is building cash reserves to $2.0 million, which will materially reduce future distributions.
Substantial accumulated excess production costs may further reduce or eliminate 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 January 2024 results: revenue $65,406, net income $46,936, EPS $0.025185860 per unit.

Period: January 2024
Revenue: $65,406
Net income: $46,936
EPS: $0.025185860 per unit
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 January 2024. Unitholders of record on January 31, 2024 will receive distributions amounting to $0.025185860 per unit, payable on April 30, 2024. The Trust received $65,406, 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 January 2024 from any other working interest owner. This month, after the Trust’s payment of administrative expenses, income from the distributable net profits was $46,936.

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Source: SEC EDGAR

accession 0001104659-24-004805

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