{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-108921","form_type":"8-K","ticker":"MTR","cik":"0000313364","company_name":"MESA ROYALTY TRUST/TX","filed_at":"2026-09-18T20:00:15+00:00","discovered_at":"2026-09-18T20:01:00.231760+00:00","generated_at":"2026-09-18T20:02:03.959953+00:00","sec_items":["2.02","9.01"],"event_type":"dividend","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Mesa Royalty Trust pays no September 2026 distribution; costs exceed revenue","bullets":["No distribution for September 2026; costs, charges, and expenses exceeded royalty revenue from oil and gas production.","Trust targets $2.0M cash reserve for added liquidity; distributions materially reduced until reserve is reached.","Substantial accumulated excess production costs across Hugoton field (KS) and San Juan Basin (NM/CO) may cause future no-payment months.","Monthly distributions expected to fluctuate with production, oil and gas prices, and administrative expenses reported by working interest owners."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-108921","json":"https://secwatch.observer/filing/0001104659-26-108921.json","markdown":"https://secwatch.observer/filing/0001104659-26-108921.md","text":"https://secwatch.observer/filing/0001104659-26-108921.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/313364/000110465926108921/0001104659-26-108921-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/313364/000110465926108921/tm2625604d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-09-18T20:02:03.959953+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"}