Mesa Royalty Trust
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $3.8M
- Price
- $2.06
- % Change (Daily % change from the live per-ticker quote feed.)
- -7.14%
- Volume
- 17.8K
About
Mesa Royalty Trust holds net overriding royalty interests, representing financial stakes, in numerous oil and natural gas production sites situated across the United States. Its key assets are found within Kansas's Hugoton field and the expansive San Juan Basin, an area spanning northwestern New Mexico and southwestern Colorado. Established in 1979, the trust operates from its headquarters in Houston, Texas.
Quick stats
Shares outstanding1.9M
Computed float1.6M
Float / shares85.8%
Key info
SectorEnergy
IndustryOil & Gas Exploration & Production
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0000313364
AI Summary
AI-generated1/6
standardbearishdividend
Mesa Royalty Trust Announces There Will Be No Distribution for September 2026
Mesa Royalty Trust will pay no distribution for September 2026 because costs, charges and expenses on its royalty properties exceeded the revenue received from oil, natural gas and other hydrocarbon sales.
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 monthly payouts fluctuate with production, commodity prices and administrative expenses.
Distributions are expected to be materially reduced until the trust builds its cash reserves to $2.0 million for added liquidity, and accumulated excess production costs mean additional zero-distribution months are possible.
Red flags
- royalty property costs and expenses exceeded revenue -- zero distribution for September 2026
- distributions flagged to be materially reduced until cash reserves reach $2.0 million
- substantial accumulated excess production costs may cause further periods with no distributions
- working interest owners alone control operating data and fund handling, creating adjustment/error risk to future royalty income