Mesa Royalty Trust to pay no distribution for February 2026 as costs exceed revenue

MESA ROYALTY TRUST/TX

No distribution for February 2026 (record date Feb 27); costs exceeded oil/gas revenue from royalty properties.
Trust building cash reserves to $2.0 million; distributions expected materially reduced until target is met.
Working interest owners' reported net proceeds not representative of future periods; further reductions possible.

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