secwatch.observer — SEC 8-K summary
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Issuer:     MESA ROYALTY TRUST/TX (MTR)
CIK:        0000313364
Form:       8-K
Filed at:   2024-05-21T23:59:59+00:00
Accession:  0001104659-24-063834
Event type: dividend
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mesa Royalty Trust May distribution $0.0546/unit; warns of materially reduced future payouts
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- May 2024 distribution of $0.054572375 per unit, payable July 31, 2024 to holders of record May 31, 2024.
- Trust received $130,266 from New Mexico San Juan Basin properties (Hilcorp); no income from other working interest owners.
- After cash reserves and expenses, distributable net profits were $101,701.
- Distributions expected to be materially reduced until Trust builds cash reserves to $2.0 million.
- Accumulated excess production costs continue to pose risk; future distributions may be eliminated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/313364/000110465924063834/0001104659-24-063834-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/313364/000110465924063834/tm2414745d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-063834

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