dividend
confidence high
sentiment neutral
materiality 0.25
Mesa Royalty Trust announces $0.003733/unit Sept distribution; warns of reduced payments until $2M reserve built
MESA ROYALTY TRUST/TX
- Distribution of $0.003733319 per unit to holders of record Sept 30, 2024, payable Oct 31, 2024.
- Trust received $10,846 in royalty income, all from New Mexico San Juan Basin properties operated by Hilcorp San Juan LP.
- After administrative expenses, distributable net profit income was $6,957.
- Trust reiterates that distributions expected to be materially reduced until $2.0 million cash reserve is built to provide liquidity.