Mesa Royalty Trust Announces Trust Income for September 2024
Mesa Royalty Trust (NYSE: MTR) announced its income distribution for September 2024. Unitholders of record on September 30, 2024 will receive $0.003733319 per unit, payable on October 31, 2024. The Trust received $10,846 from its New Mexico properties operated by Hilcorp San Juan LP. After expenses, the distributable net profits were $6,957.
The Trust owns overriding royalty interests in oil and gas properties in Kansas, New Mexico, and Colorado. Monthly distributions are expected to fluctuate based on production, prices, and expenses. Distributions are likely to be materially reduced until the Trust increases its cash reserves to $2.0 million. The Trust warns that future proceeds may not reflect current distributions due to accumulated excess production costs and other factors affecting the oil and gas industry.
Mesa Royalty Trust (NYSE: MTR) ha annunciato la sua distribuzione di reddito per settembre 2024. Gli unitholders registrati il 30 settembre 2024 riceveranno $0.003733319 per unità, pagabile il 31 ottobre 2024. Il Trust ha ricevuto $10.846 dalle sue proprietà nel New Mexico gestite da Hilcorp San Juan LP. Dopo le spese, i profitti netti distribuibili sono stati $6.957.
Il Trust possiede interessi in royalties sui diritti di proprietà petrolifere e gasifere in Kansas, New Mexico e Colorado. Le distribuzioni mensili sono destinate a fluttuare in base alla produzione, ai prezzi e alle spese. Si prevede che le distribuzioni possano essere sostanzialmente ridotte finché il Trust non incrementerà le proprie riserve di liquidità a $2,0 milioni. Il Trust avverte che i proventi futuri potrebbero non riflettere le attuali distribuzioni a causa dei costi di produzione accumulati e di altri fattori che influenzano l'industria petrolifera e del gas.
Mesa Royalty Trust (NYSE: MTR) anunció su distribución de ingresos para septiembre de 2024. Los titulares de unidades registrados el 30 de septiembre de 2024 recibirán $0.003733319 por unidad, pagadero el 31 de octubre de 2024. El Trust recibió $10,846 de sus propiedades en New México operadas por Hilcorp San Juan LP. Después de los gastos, las ganancias netas distribuibles fueron $6,957.
El Trust posee intereses de regalías en propiedades de petróleo y gas en Kansas, Nuevo México y Colorado. Se espera que las distribuciones mensuales fluctúen según la producción, los precios y los gastos. Es probable que las distribuciones se reduzcan significativamente hasta que el Trust aumente sus reservas de efectivo a $2.0 millones. El Trust advierte que los ingresos futuros pueden no reflejar las distribuciones actuales debido a los costos de producción acumulados y otros factores que afectan la industria del petróleo y el gas.
메사 로열티 트러스트 (NYSE: MTR)는 2024년 9월 소득 분배를 발표했습니다. 2024년 9월 30일 기준 유닛 보유자는 $0.003733319 각 유닛을 2024년 10월 31일에 지급받을 예정입니다. 이 트러스트는 Hilcorp San Juan LP가 운영하는 뉴 멕시코의 자산에서 $10,846를 수령했습니다. 비용을 제외한 배당 가능한 순이익은 $6,957였습니다.
트러스트는 캔자스, 뉴 멕시코 및 콜로라도의 석유 및 가스 자산에 대한 로열티 권리를 소유하고 있습니다. 월별 배당금은 생산, 가격, 그리고 비용에 따라 변동할 것으로 예상됩니다. 트러스트는 현금 보유액이 $2.0 백만으로 증가할 때까지 배당금이 상당히 감소할 가능성이 있다고 경고합니다. 앞으로의 수익은 축적된 과잉 생산 비용 및 석유 및 가스 산업에 영향을 미치는 기타 요인으로 인해 현재 배당금을 반영하지 않을 수 있습니다.
Mesa Royalty Trust (NYSE: MTR) a annoncé sa distribution de revenus pour septembre 2024. Les détenteurs d'unités enregistrés au 30 septembre 2024 recevront $0.003733319 par unité, payable le 31 octobre 2024. Le Trust a reçu $10,846 de ses propriétés au Nouveau-Mexique gérées par Hilcorp San Juan LP. Après les dépenses, les bénéfices nets distribuables étaient de $6,957.
Le Trust possède des intérêts de redevance sur des propriétés pétrolières et gazières au Kansas, au Nouveau-Mexique et au Colorado. Les distributions mensuelles devraient fluctuer en fonction de la production, des prix et des dépenses. Les distributions risquent d'être sensiblement réduites jusqu'à ce que le Trust augmente ses réserves de liquidités à $2,0 millions. Le Trust avertit que les revenus futurs pourraient ne pas refléter les distributions actuelles en raison des coûts de production accumulés et d'autres facteurs affectant l'industrie pétrolière et gazière.
Mesa Royalty Trust (NYSE: MTR) gab seine Einkommensverteilung für September 2024 bekannt. Unitholders, die am 30. September 2024 registriert sind, erhalten $0.003733319 pro Einheit, zahlbar am 31. Oktober 2024. Der Trust erhielt $10.846 aus seinen Grundstücken in New Mexico, die von Hilcorp San Juan LP betrieben werden. Nach Abzug der Ausgaben betrugen die auszahlbaren Nettogewinne $6.957.
Der Trust besitzt Überrechtsansprüche auf Öl- und Gasressourcen in Kansas, New Mexico und Colorado. Es wird erwartet, dass die monatlichen Ausschüttungen je nach Produktion, Preisen und Ausgaben schwanken. Die Ausschüttungen könnten deutlich reduziert werden, bis der Trust seine Barreserven auf $2,0 Millionen erhöht. Der Trust warnt, dass zukünftige Erlöse möglicherweise nicht die aktuellen Ausschüttungen widerspiegeln, da überdurchschnittliche Produktionskosten und andere Faktoren, die die Öl- und Gasindustrie betreffen, berücksichtigt werden müssen.
- Trust received $10,846 from New Mexico properties
- Distributable net profits of $6,957 after expenses
- Low distribution of $0.003733319 per unit
- No income received from other working interest owners
- Distributions expected to be materially reduced until cash reserves reach $2.0 million
- Substantial accumulated excess production costs decreasing Trust distributions
The Trust was formed to own an overriding royalty interest of the net proceeds attributable to certain producing oil and gas properties located in the
Proceeds reported by the working interest owners for any month are not generally representative of net proceeds that will be received by the Trust in future periods. As further described in the Trust’s Form 10-K and Form 10-Q filings, production and development costs for the royalty interest have resulted in substantial accumulated excess production costs, which will decrease Trust distributions, and in some periods may result in no Trust distributions. The amount of proceeds, if any, received or expected to be received by the Trust (and its ability to pay distributions to unitholders) has been and will continue to be directly affected, among other things, by volatility in the industry and revenues and expenses reported to the Trust by working interest owners. Any additional expenses and adjustments, among other things, will reduce proceeds to the Trust, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders.
This press release contains forward-looking statements. No assurances can be given that the expectations contained in this press release will prove to be correct. The working interest owners alone control historical operating data, and handle receipt and payment of funds relating to the royalty properties and payments to the Trust for the related royalty. The Trustee cannot assure that errors or adjustments or expenses accrued by the working interest owners, whether historical or future, will not affect future royalty income and distributions by the Trust. Other important factors that could cause these statements to differ materially include delays in actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, declines in commodity pricing, prices received by working interest owners and other risks described in the Trust’s Form 10-K for the year ended December 31, 2023. Statements made in this press release are qualified by the cautionary statements made in such risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release. Each unitholder should consult its own tax advisor with respect to its particular circumstances.
http://mtr.q4web.com/home/default.aspx
View source version on businesswire.com: https://www.businesswire.com/news/home/20240920716463/en/
Mesa Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Elaina Rodgers
713-483-6020
Source: Mesa Royalty Trust
FAQ
What is the distribution amount for Mesa Royalty Trust (MTR) in September 2024?
How much income did Mesa Royalty Trust (MTR) receive in September 2024?
Why are Mesa Royalty Trust (MTR) distributions expected to be reduced?
What factors affect Mesa Royalty Trust's (MTR) monthly distributions?
