{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-050451","form_type":"8-K","ticker":"MTR","cik":"0000313364","company_name":"MESA ROYALTY TRUST/TX","filed_at":"2025-05-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.915306+00:00","generated_at":"2026-05-21T02:18:21.269545+00:00","sec_items":["2.02","9.01"],"event_type":"dividend","sentiment":"negative","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Mesa Royalty Trust May 2025 distribution $0.03185/unit, only New Mexico income","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-050451","json":"https://secwatch.observer/filing/0001104659-25-050451.json","markdown":"https://secwatch.observer/filing/0001104659-25-050451.md","text":"https://secwatch.observer/filing/0001104659-25-050451.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/313364/000110465925050451/0001104659-25-050451-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/313364/000110465925050451/tm2515272d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T02:18:21.269545+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"}