dividend
confidence high
sentiment neutral
materiality 0.40
Mesa Royalty Trust declares December distribution of $0.0224 per unit
MESA ROYALTY TRUST/TX
- Distribution of $0.022423076 per unit payable Jan 31, 2025 to holders of record Dec 31, 2024.
- Trust received $47,632 in income, all from New Mexico San Juan Basin properties operated by Hilcorp San Juan LP.
- After administrative expenses, distributable net profits were $41,787.
- Trust warns distributions will be materially reduced until cash reserves reach $2.0 million for added liquidity.
- Excess production costs have accumulated and may result in no distributions in future periods.