Mesa Royalty Trust announces $0.0186 December distribution; warns of material reductions ahead

MESA ROYALTY TRUST/TX

December distribution of $0.018551844 per unit payable Jan 30, 2026 to holders of record Dec 31, 2025.
Trust received $35,596 all from New Mexico San Juan Basin operated by Hilcorp; no other income.
After admin expenses, distributable net profits were $34,573.
Trust warns distributions will be materially reduced until cash reserves reach $2.0 million.
Substantial accumulated excess production costs may result in no future distributions.

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