Mesa Royalty Trust declares Oct 2025 distribution of $0.01835/unit; warns of materially reduced payouts

MESA ROYALTY TRUST/TX

Distribution of $0.018350966 per unit to holders of record Oct 31, 2025, payable Jan 30, 2026.
Total income received: $47,930 from New Mexico San Juan Basin properties (Hilcorp); no other working interest income.
Distributable net profits after expenses: $34,199.
Trust expects distributions materially reduced until cash reserves reach $2.0 million for added liquidity.
Accumulated excess production costs continue to weigh on future distributions; may result in no payments in some periods.

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