Welcome to our dedicated page for Mesa Royalty Tr news (Ticker: MTR), a resource for investors and traders seeking the latest updates and insights on Mesa Royalty Tr stock.
Mesa Royalty Trust (MTR) provides investors with exposure to oil and gas royalty income through interests in established production areas including Kansas' Hugoton field and New Mexico/Colorado's San Juan Basin. This page aggregates all trust-related news and regulatory filings to serve as a comprehensive resource for evaluating MTR's performance.
Access timely updates on royalty distributions, production volumes, and energy market impacts. Our curated collection includes earnings announcements, operational disclosures, and industry analysis relevant to MTR's asset portfolio. Investors benefit from centralized access to both quarterly financial results and strategic developments affecting royalty income streams.
Key content categories include quarterly distribution reports, production area updates, regulatory filings with the SEC, and analysis of energy market trends impacting MTR's assets. All materials are sourced from official trust communications and verified industry publications.
Bookmark this page for streamlined monitoring of Mesa Royalty Trust's performance metrics and energy sector positioning. Check regularly for updates reflecting the trust's ongoing operations in major U.S. oil and gas producing regions.
Mesa Royalty Trust (NYSE: MTR) has announced a June 2024 income distribution of $0.038766492 per unit for unitholders of record on June 28, payable on July 31, 2024. The Trust received $85,246 solely from the New Mexico portion of the San Juan Basin properties operated by Hilcorp San Juan LP. No income was received from other working interest owners. After reserves and administrative expenses, the distributable net profit was $72,245. The Trust expects monthly distribution amounts to fluctuate due to production, oil and natural gas prices, and administrative costs. Distributions will be materially reduced until the Trust boosts its cash reserves to $2.0 million. Additionally, the Trust faces substantial accumulated excess production costs, potentially leading to periods with no distributions.
Mesa Royalty Trust (NYSE: MTR) announced the income distribution for May 2024. Unitholders of record on May 31, 2024, will receive $0.054572375 per unit, payable on July 31, 2024. The Trust received $130,266 from its San Juan Basin properties, operated by Hilcorp San Juan LP. After withholding for cash reserves and administrative expenses, the distributable net profit totals $101,701.
The Trust's monthly distributions fluctuate based on production, oil and natural gas prices, and administrative expenses. Due to accumulated excess production costs and a strategy to increase cash reserves to $2.0 million, distributions are expected to be materially reduced.
Future distributions will also be affected by industry volatility and additional expenses.
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