Mesa Royalty Trust March distribution $0.030174584/unit; warns of materially reduced payouts to build $2M reserve

MESA ROYALTY TRUST/TX

March 2025 distribution of $0.030174584 per unit; record date March 31, payable April 30, 2025.
Trust received $60,532 from Hilcorp-operated San Juan Basin properties (New Mexico); no other working interest income.
After admin expenses, distributable net profits were $56,233.
Distributions expected to be materially reduced until Trust increases cash reserves to $2.0 million for added liquidity.
Accumulated excess production costs may result in no distributions in future periods.

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