{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-117397","form_type":"8-K","ticker":"MTR","cik":"0000313364","company_name":"MESA ROYALTY TRUST/TX","filed_at":"2026-10-20T20:01:07+00:00","discovered_at":"2026-10-20T20:02:00.313761+00:00","generated_at":"2026-10-20T20:02:06.740729+00:00","sec_items":["2.02","9.01"],"event_type":"dividend","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Mesa Royalty Trust declares no October 2026 distribution as property costs exceed revenue","bullets":["No distribution will be paid for October 2026 because costs, charges and expenses attributable to the Trust's royalty properties exceeded revenue from oil, natural gas and other hydrocarbons.","Distributions are expected to be materially reduced until the Trust builds cash reserves to $2.0 million to provide added liquidity.","Substantial accumulated excess production costs on the overriding royalty interests in the Hugoton field of Kansas and the San Juan Basin of New Mexico and Colorado will decrease future distributions.","Monthly distribution amounts fluctuate with production, oil and gas prices, and administrative expenses, and some periods may result in no distributions to unitholders."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-117397","json":"https://secwatch.observer/filing/0001104659-26-117397.json","markdown":"https://secwatch.observer/filing/0001104659-26-117397.md","text":"https://secwatch.observer/filing/0001104659-26-117397.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/313364/000110465926117397/0001104659-26-117397-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/313364/000110465926117397/tm2627878d1_8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-20T20:02:06.740729+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"}