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Mesa Royalty Trust reports monthly royalty income and unitholder distribution information tied to its net overriding royalty interests in producing oil and gas properties. The trust’s interests relate to properties in the Hugoton field of Kansas and the San Juan Basin fields of New Mexico and Colorado.
Recurring news for Mesa Royalty Trust centers on cash received from working interest owners, distributable net profits after administrative expenses, and months when costs exceed revenue from oil, natural gas and other hydrocarbons. Trust income announcements also describe factors that affect distributions, including production volumes, commodity prices, operating costs and cash-reserve needs.
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 $0.158144166 per unit for January 2023, payable to unitholders of record on January 31, 2023. The Trust's total income for the month was $336,515, derived solely from its New Mexico properties operated by Hilcorp San Juan LP. After withholding for cash reserves and administrative expenses, distributable net profits amounted to $294,716. Future distributions may fluctuate based on production, oil and gas prices, and administrative expenses. The Trust aims to increase cash reserves to $2.0 million before further material distributions can be made.
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 $0.181767542 per unit, payable on January 31, 2023, to unitholders of record as of October 31, 2022. The total income received includes $330,459 from New Mexico and $46,005 from Hugoton properties, totaling $338,740 after reserves and expenses. Distributions are expected to fluctuate based on production, oil and gas prices, and administrative costs. The Trust aims to increase cash reserves to $2.0 million for liquidity.
Mesa Royalty Trust (NYSE: MTR) announced a distribution of $0.124452446 per unit for September 2022, payable on October 31, 2022, to unitholders of record as of September 30, 2022. The Trust received $275,783 in total income, all from its New Mexico properties. After expenses, the distributable net profits amount to $231,928. The Trust expects fluctuations in monthly distributions due to oil and gas prices and administrative costs, with potential reductions during 2022 to build cash reserves of $2.0 million.
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Mesa Royalty Trust (NYSE: MTR) announced an income distribution of $0.2932 per unit for August 2022, payable on October 31, 2022. The Trust's income totaled $546,428 after expenses, with no income from its Colorado properties for the month. The distributions are expected to fluctuate based on oil and gas prices and development costs. Additionally, distributions are anticipated to decrease as the Trust aims to bolster cash reserves to $2.0 million. Financial performance is subject to risks from commodity pricing and operational delays.
Mesa Royalty Trust (NYSE: MTR) announced a distribution of $0.095514038 per unit for July 2022, payable on October 31, 2022. The total income received for the month was $221,927, sourced entirely from its New Mexico properties operated by Hilcorp San Juan LP. After administrative expenses, the distributable net profits amounted to $177,999. The Trust anticipates lower distributions in 2022 due to increased cash reserves of $2.0 million for liquidity, alongside substantial accumulated excess production costs that may lead to no distributions in some periods.
Mesa Royalty Trust (NYSE: MTR) has announced a distribution of $0.1497 per unit for June 2022, payable on July 29, 2022. The total income received was $201,622 from New Mexico and $105,910 from Hugoton Royalty properties. However, no income was reported from Colorado properties this month. The Trust intends to increase cash reserves to $2 million, which may lead to materially reduced distributions throughout 2022. Additionally, accumulated excess production costs may affect future distributions, and volatility in oil and gas prices poses further risks to unitholders.