{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-123165","form_type":"8-K","ticker":"MTR","cik":"0000313364","company_name":"MESA ROYALTY TRUST/TX","filed_at":"2025-12-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.684142+00:00","generated_at":"2026-05-16T12:39:36.205695+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Mesa Royalty Trust announces $0.0186 December distribution; warns of material reductions ahead","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-123165","json":"https://secwatch.observer/filing/0001104659-25-123165.json","markdown":"https://secwatch.observer/filing/0001104659-25-123165.md","text":"https://secwatch.observer/filing/0001104659-25-123165.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/313364/000110465925123165/0001104659-25-123165-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/313364/000110465925123165/tm2533896d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:39:36.205695+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"}