Recent Updates — MTR

Mesa Royalty Trust announced that there will be no cash distribution to unitholders for the month of October 2026. The trustee stated that costs, charges, and expenses attributable to the trust's royalty properties exceeded the revenue received from the sale of oil, natural gas, and other hydrocarbons produced from those properties. This follows a trend where substantial accumulated excess production costs have reduced distributions in prior periods. Additionally, the trust noted that distributions are expected to remain materially reduced until cash reserves increase to $2.0 million for added liquidity. Mesa Royalty Trust operates as an energy royalty trust owning overriding royalty interests in producing oil and gas properties located in Kansas and New Mexico.

Mesa Royalty Trust announced on September 18, 2026, that no distribution will be paid for the month of September 2026. This decision follows costs, charges, and expenses attributable to the Trust’s royalty properties exceeding revenue from oil, natural gas, and other hydrocarbon sales. The Trust aims to increase cash reserves to $2.0 million to provide added liquidity, a move expected to materially reduce distributions until achieved. Substantial accumulated excess production costs have previously decreased distributions and may result in no distributions in certain periods due to commodity price volatility and operating expenses reported by working interest owners. Mesa Royalty Trust operates as an energy royalty trust owning overriding royalty interests in producing oil and gas properties located in the Hugoton field of Kansas and the San Juan Basin fields of New Mexico and Colorado.

Mesa Royalty Trust announced on August 21, 2026, that no distribution will be paid for the month of August 2026. This decision follows costs, charges, and expenses attributable to the Trust’s royalty properties exceeding revenue from oil, natural gas, and other hydrocarbon sales. The Trust aims to increase cash reserves to $2.0 million, which is expected to materially reduce distributions until achieved. Accumulated excess production costs have previously decreased distributions and may result in periods with no payouts. Mesa Royalty Trust operates in the energy sector by holding overriding royalty interests in producing oil and gas properties.

Mesa Royalty Trust announced on July 20, 2026, that it will make no distribution for the month of July 2026. This decision resulted from costs, charges, and expenses related to the Trust's royalty properties exceeding the revenue generated from the sale of oil, natural gas, and other hydrocarbons. The Trust previously indicated that distributions would be materially reduced until cash reserves reach $2.0 million to improve liquidity. The Trust holds overriding royalty interests in producing oil and gas properties within the Hugoton field in Kansas and the San Juan Basin fields in New Mexico and Colorado. Mesa Royalty Trust is an energy company that holds royalty interests in oil and gas properties.