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.
Mesa Royalty Trust (NYSE: MTR) has announced the income distribution for December 2021, with unitholders receiving $0.129845651 per unit, payable on January 31, 2022. The Trust reported total income of $277,472 from its New Mexico San Juan Basin properties, while net distributable income amounted to $241,979 after expenses. Due to fluctuating oil prices and production costs, future distributions may vary, and unitholders may not see significant payouts in 2022 as the Trust aims to increase cash reserves to $2 million.
Mesa Royalty Trust (NYSE: MTR) announced no distribution for November 2021, as operational costs surpassed revenue from oil and gas sales. The Trust intends to increase cash reserves from $1 million to $2 million, impacting potential distributions through 2021 and beyond. The monthly distribution amounts may fluctuate based on production proceeds and administrative expenses. Excess production costs are expected to limit distributions, with the Trust warning of potential future months with no payments due to industry volatility and rising expenses.
Mesa Royalty Trust (MTR) announced no distribution for October 2021 due to costs exceeding revenue from oil and gas sales. Unitholders of record by October 29, 2021, will not receive payments as the Trust aims to bolster cash reserves for liquidity. With fluctuating monthly distributions based on production proceeds and administrative expenses, the Trust warns of potential future non-distributions. Substantial accumulated production costs and price volatility are expected to impact distributions moving forward.
Mesa Royalty Trust (NYSE: MTR) announced no distribution for September 2021 due to expenses surpassing revenue from its oil and gas properties. Costs associated with production in the Hugoton field and San Juan Basin exceeded income, necessitating increased cash reserves for liquidity. The Trust warned that distributions may be minimal or absent for the remainder of 2021, influenced by volatile industry conditions and rising costs. Investors should be aware that fluctuations in proceeds affect Trust distributions significantly.
Mesa Royalty Trust (NYSE: MTR) announced it will not distribute payments for August 2021, as costs exceeded revenues from oil and gas sales. This indicates ongoing financial difficulties due to substantial production costs and expected fluctuations in revenue. The Trust's monthly distributions are likely to remain unstable, with a possibility of no payments for the rest of 2021, as it aims to increase cash reserves for liquidity. The Trust cautions that future distributions may be affected by industry volatility, operational risks, and accumulated excess production costs.
Mesa Royalty Trust (NYSE: MTR) announced a distribution of $0.003925566 per unit for July 2021, payable on October 29, 2021. Total proceeds received from the San Juan Basin properties were $33,763, primarily from SIMCOE LLC. Future distributions are uncertain and may fluctuate based on production, oil, and gas prices, alongside administrative expenses. Significant excess production costs may further reduce distributions, and adjustments by the operator could lead to lower proceeds. Forward-looking statements highlight risks including operational delays and commodity price declines.
Mesa Royalty Trust (NYSE: MTR) announced a June 2021 distribution of $0.017151226 per unit for unitholders of record on June 30, 2021, payable July 30, 2021. The income of $33,859 was solely from Colorado properties operated by SIMCOE LLC. The Trust noted that future distributions may fluctuate based on production, oil and gas prices, and administrative expenses. It warned that adjustments by the Operator could materially reduce future payments. Historical production costs have accrued, potentially leading to fewer or no distributions in some periods.
Mesa Royalty Trust (NYSE: MTR) announced a distribution of $0.271394136 per unit for May 2021, payable on July 30, 2021, to unitholders of record on May 28, 2021. The Trust received $526,550 from the Colorado properties in the San Juan Basin, operated by SIMCOE LLC. Future distributions may decline due to adjustments for prior periods and fluctuating oil prices, which were unusually high in May due to extreme weather. The Trust faces risks of decreased income and distributions because of accumulated excess production costs and volatility in the oil and gas industry.
Mesa Royalty Trust (NYSE: MTR) will not distribute payments for April 2021, as expenses surpassed the revenue from oil and gas sales. The Trust operates on an overriding royalty interest in producing properties across Kansas, New Mexico, and Colorado. Monthly distributions fluctuate based on oil and gas prices, production yields, and administrative costs. A significant decline in commodity prices, exacerbated by COVID-19, may continue, adversely affecting future distributions. Additionally, various risks related to drilling and production could impact the Trust's financial outlook.
Mesa Royalty Trust (NYSE: MTR) announced no distribution for March 2021 to unitholders due to costs outpacing revenue from oil and gas sales. The Trust's financial health is impacted by fluctuating commodity prices, particularly given the significant decline in oil and gas prices in 2020 linked to COVID-19 demand drops and oversupply issues. This trend may lead to continued low distributions, impacting cash available for unitholders. The Trust cautions that future income may be affected by operational risks and pricing volatility.
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