{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-026652","form_type":"8-K","ticker":"MTR","cik":"0000313364","company_name":"MESA ROYALTY TRUST/TX","filed_at":"2025-03-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.936166+00:00","generated_at":"2026-05-24T09:24:57.713771+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Mesa Royalty Trust March distribution $0.030174584/unit; warns of materially reduced payouts to build $2M reserve","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-026652","json":"https://secwatch.observer/filing/0001104659-25-026652.json","markdown":"https://secwatch.observer/filing/0001104659-25-026652.md","text":"https://secwatch.observer/filing/0001104659-25-026652.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/313364/000110465925026652/0001104659-25-026652-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/313364/000110465925026652/tm259564d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T09:24:57.713771+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}