Every 10-Q that Mesa Royalty Trust (MTR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MTR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MTR filings page.
Mesa Royalty Trust reported lower royalty income and distributions for the quarter and six months ended June 30, 2026. For the quarter, royalty income was $155,031 versus $220,855 a year earlier, with distributable income available for distribution of $120,694, or $0.0648 per unit, compared with $176,336, or $0.0946 per unit, in 2025.
For the first six months of 2026, royalty income was $206,719 versus $331,817 in 2025, and distributable income available for distribution was $134,203, or $0.0720 per unit, down from $237,942, or $0.1277 per unit. All royalty income in the period came from the San Juan Basin – New Mexico Properties operated by Hilcorp; the Hugoton and San Juan Basin – Colorado properties generated no royalty income due to excess production costs and true-up adjustments. The Trustee increased the Contingent Reserve to $1,946,006 with an intention to reach $2.0 million, which reduces near-term Net Proceeds and distributions.
Mesa Royalty Trust reported sharply weaker cash flow for the quarter ended March 31, 2026. Royalty income fell to $51,687 from $110,963 a year earlier, with all royalties coming from the San Juan Basin – New Mexico properties operated by Hilcorp. Higher operating and capital costs, including an environmental settlement and a large joint-venture true-up, significantly reduced net proceeds.
Distributable income available for distribution dropped to $13,509, or $0.0072 per unit, compared with $0.0331 per unit a year earlier, despite stable units outstanding of 1,863,590. The Trustee increased the Contingent Reserve to $1,936,110 and plans to build it to $2.0 million, which may further limit near-term distributions, especially if commodity prices and net proceeds remain pressured.
Mesa Royalty Trust reported Q3 2025 results showing higher royalty inflows from the San Juan Basin — New Mexico Properties operated by Hilcorp. Royalty income was $128,993 versus $63,966 a year ago, interest income was $21,156, and general and administrative expense was $61,255. Income available for distribution before reserve activity was $88,894, or $0.0477 per unit.
After reserve adjustments, distributable income available for distribution totaled $72,000, or $0.0386 per unit (July $0.0275; August $0.0094; September $0.0017). The Contingent Reserve stood at $1,927,792 as of September 30, 2025, and the Trustee intends to increase it to $2.0 million, which will reduce Net Proceeds available to the Trust and distributions. No royalty income was received from the Hugoton or San Juan Basin — Colorado properties in the quarter; all Q3 royalty income came from Hilcorp-operated New Mexico properties.
For the nine months ended September 30, 2025, income available for distribution before reserve activity was $365,709, with distributable income available for distribution of $309,943, or $0.1663 per unit. Excess production costs totaled $929,446, including $882,463 at Hugoton.