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) is a Texas royalty trust whose news flow centers on royalty income and cash distributions from its oil and natural gas interests. The Trust holds overriding royalty interests in producing properties in the Hugoton field of Kansas and the San Juan Basin fields of New Mexico and Colorado, and it regularly reports how proceeds from these properties translate into monthly distributions for unitholders.
Most Mesa Royalty Trust news items are monthly press releases announcing royalty income and income distributions. These updates typically describe the total proceeds reported by working interest owners, the share attributable to the Trust’s New Mexico San Juan Basin properties operated by Hilcorp San Juan LP, the Trust’s administrative expenses, and the resulting distributable net profits for the period.
In addition to headline distribution amounts, the Trust’s news highlights key factors affecting variability in payments. Releases reiterate that production and development costs have created substantial accumulated excess production costs, which can decrease distributions and, in some periods, lead to no distributions. They also reference the Trust’s plan, described in its Form 10-Q, to materially reduce distributions while building cash reserves to a total of $2.0 million for added liquidity.
Investors following MTR news can use these recurring announcements to track trends in reported proceeds, the impact of industry volatility on the Trust’s income, and ongoing changes in excess production costs and reserves. Bookmark this page to review Mesa Royalty Trust’s latest royalty income disclosures, distribution declarations, and related commentary furnished through its press releases and Form 8-K filings.
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Mesa Royalty Trust (NYSE: MTR) announced its income distribution for April 2023. Unitholders of record on April 28, 2023, will receive $0.2379 per unit, payable on July 31, 2023. The Trust reported income totaling $515,733, with $492,928 from New Mexico and $22,805 from Colorado. However, no income was received from Hugoton Royalty properties or specific Colorado operations. After accounting for cash reserves and administrative expenses, the distributable net profits were $443,340. The Trust plans to increase cash reserves to $2 million, which may materially reduce future distributions. Furthermore, production costs may impact future distributions, with risks from commodity price volatility and operational delays potentially leading to reduced or nonexistent distributions.
Mesa Royalty Trust (NYSE: MTR) announced a distribution of
Mesa Royalty Trust (NYSE: MTR) announced an income distribution of $0.099748984 per unit for February 2023, payable on April 28, 2023, to unitholders of record as of February 28, 2023. The Trust received a total income of $212,150 from New Mexico operations and $1,134 from Colorado operations. However, distributions are expected to fluctuate due to production costs and market volatility. Notably, distributions may be materially reduced as the Trust aims to increase cash reserves to $2.0 million. The announcement highlights risks, including potential reductions in future distributions linked to accumulated excess production costs.
Mesa Royalty Trust (NYSE:MTR) announced a distribution of
Mesa Royalty Trust (NYSE:MTR) announced a monthly distribution of $0.201199745 per unit for December 2022, payable on January 31, 2023, to unitholders of record on December 30, 2022. The Trust reported a total income of $400,819, with $336,595 from New Mexico operations and $64,224 from Hugoton properties. No income was generated from Colorado properties this month. The Trust anticipates fluctuations in distribution amounts due to production and price variability, and it aims to increase cash reserves to $2 million, potentially decreasing future distributions significantly.
Mesa Royalty Trust (NYSE: MTR) declared a monthly income distribution of $0.185205910 per unit for November 2022, with payment scheduled for January 31, 2023. The Trust generated $265,426 from its New Mexico operations and $105,067 from Hugoton Royalty properties. Notably, no income was reported from Colorado properties. The Trust's total distributable net profits for September amounted to $345,148, but distributions may fluctuate due to production costs and market volatility. Future distributions could be materially reduced as the Trust aims to increase cash reserves to $2.0 million.
Mesa Royalty Trust (NYSE: MTR) announced the income distribution for October 2022, set at
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