Mesa Royalty Trust May 2025 distribution $0.03185/unit, only New Mexico income

MESA ROYALTY TRUST/TX

Distribution of $0.03185/unit for record date May 30, 2025, payable July 31, 2025.
Trust received $67,348 in income, all from Hilcorp San Juan's New Mexico properties; no other operator income.
Distributable net profits after administrative expenses were $59,351.
Trust warns distributions will be materially reduced until cash reserves reach $2.0 million for liquidity.
Excess production costs and volatility may further reduce or eliminate future distributions.

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