{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-113649","form_type":"8-K","ticker":"MTR","cik":"0000313364","company_name":"MESA ROYALTY TRUST/TX","filed_at":"2025-11-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.683754+00:00","generated_at":"2026-05-16T18:56:58.830786+00:00","sec_items":["2.02","9.01"],"event_type":"dividend","sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Mesa Royalty Trust declares Nov 2025 distribution of $0.02962/unit; warns of future reductions","bullets":["Distribution of $0.029620472 per unit, record Nov 28, 2025, payable Jan 30, 2026.","Trust received $57,503 in royalty income, all from Hilcorp-operated San Juan Basin properties in New Mexico.","Distributable net profits after expenses were $55,200; no income from other working interest owners.","Distributions expected to be materially reduced until cash reserves reach $2.0 million.","Accumulated excess production costs may further decrease or eliminate future Trust distributions."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-113649","json":"https://secwatch.observer/filing/0001104659-25-113649.json","markdown":"https://secwatch.observer/filing/0001104659-25-113649.md","text":"https://secwatch.observer/filing/0001104659-25-113649.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/313364/000110465925113649/0001104659-25-113649-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/313364/000110465925113649/tm2531331d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T18:56:58.830786+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"}