secwatch.observer — SEC 8-K summary
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Issuer:     MESA ROYALTY TRUST/TX (MTR)
CIK:        0000313364
Form:       8-K
Filed at:   2024-07-19T23:59:59+00:00
Accession:  0001104659-24-081172
Event type: earnings
Sentiment:  negative
Materiality: 0.30
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mesa Royalty Trust announces July distribution of $0.0018/unit; warns of reduced future payouts as it builds $2M reserve
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- Distribution: $0.001801384 per unit, record July 31, payable October 31, 2024.
- Trust received $36,618 from New Mexico San Juan Basin properties operated by Hilcorp; no other income.
- After administrative expenses, distributable net profit was $3,357.
- Distributions expected to be materially reduced until cash reserve reaches $2.0 million.
- Accumulated excess production costs continue to pressure distributions and may result in zero payouts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/313364/000110465924081172/0001104659-24-081172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/313364/000110465924081172/tm2419411d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-081172

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