Mesa Royalty Trust announces April 2024 distribution of $0.0192/unit

MESA ROYALTY TRUST/TX

Distribution of $0.019208416 per unit payable July 31, 2024 to holders of record April 30, 2024.
Trust received $89,860 in royalty income from Hilcorp-operated San Juan Basin properties; no other working interest income.
Distributable net profits after reserves and expenses: $35,797.
Trust continues accumulating cash reserves toward $2.0M target, expected to materially reduce future distributions.
No income from other working interest owners; future payments subject to oil/gas price and cost volatility.

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 April 2024 results: revenue $89,860, net income $35,797, EPS $0.019208416 per unit.

Period: the month of April 2024
Revenue: $89,860
Net income: $35,797
EPS: $0.019208416 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 April 2024. Unitholders of record on April 30, 2024 will receive distributions amounting to $0.019208416 per unit, payable on July 31, 2024. The Trust received $89,860, 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 April 2024 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 $35,797.

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Source: SEC EDGAR

accession 0001104659-24-048853

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