Mesa Royalty Trust Files Q2 2025 10-Q

TL;DR

Mesa Royalty Trust dropped its Q2 10-Q. Check financials.

AI Summary

Mesa Royalty Trust filed its 10-Q for the quarterly period ended June 30, 2025. The filing, submitted on August 14, 2025, provides an update on the company's financial performance and operations. Mesa Royalty Trust is incorporated in Texas and its principal executive offices are located in Houston.

Why It Matters

This filing provides investors with crucial financial and operational details for Mesa Royalty Trust for the second quarter of 2025, enabling informed investment decisions.

Risk Assessment

Risk Level: low — This is a standard quarterly filing with no immediate red flags or significant new risks indicated.

Key Players & Entities

• MESA ROYALTY TRUST (company) — Registrant
• June 30, 2025 (date) — Quarterly Period End Date
• August 14, 2025 (date) — Filing Date
• Texas (location) — State of Incorporation
• Houston (location) — City of Principal Executive Offices
• The Bank of New York Mellon Trust Company, N.A. (company) — Trustee

FAQ

Key Financial Figures

• $250,000 — e for two successive years is less than $250,000 per year or (ii) a vote by the unithold
• $118,750 — nded June 30, 2025, the Trustee was due $118,750 for its services. The Trust paid $108,2
• $108,288 — 18,750 for its services. The Trust paid $108,288 of this amount to the Trustee, and $10,
• $10,462 — ,288 of this amount to the Trustee, and $10,462 was allocated to offset against interes
• $95,897 — ing Interest Owners reimbursed a sum of $95,897 to the Trustee, which was the same amou

Filing Documents

• tm2516758-1_10q.htm (10-Q) — 595KB
• tm2516758d2_ex31.htm (EX-31) — 9KB
• tm2516758d2_ex32.htm (EX-32) — 5KB
• 0001104659-25-078590.txt ( ) — 611KB

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. MESA ROYALTY TRUST (Unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Royalty income $ 220,855 $ 305,372 $ 331,817 $ 489,029 Other income — — (432 ) (14,664 ) Interest income 20,446 24,417 40,607 48,645 General and administrative expense (45,484 ) (59,138 ) (95,177 ) (105,330 ) Income available for distribution prior to cash reserves withheld for Trust expenses 195,817 270,651 276,815 417,680 Cash reserves withheld for Trust expenses — (47,000 ) — (72,000 ) Distributable income $ 195,817 $ 223,651 $ 276,815 $ 345,680 Distributable income per unit $ 0.1051 $ 0.1200 $ 0.1485 $ 0.1855 Units outstanding 1,863,590 1,863,590 1,863,590 1,863,590 June 30, 2025 December 31, 2024 (Unaudited) ASSETS Cash and short-term investments $ 2,087,235 $ 1,930,126 Net overriding royalty interest in oil and gas properties 42,498,034 42,498,034 Accumulated amortization (41,264,711 ) (41,240,185 ) Total assets $ 3,320,558 $ 3,187,975 LIABILITIES AND TRUST CORPUS Distributions payable $ 176,336 $ 58,101 General and administrative expense payable — — Trust corpus (1,863,590 units of beneficial interest authorized, issued and outstanding) 3,144,222 3,129,874 Total liabilities and trust corpus $ 3,320,558 $ 3,187,975 (The accompanying notes are an integral part of these financial statements.) 2 MESA ROYALTY TRUST (Unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Trust corpus, beginning of period $ 3,139,263 $ 3,062,229 $ 3,129,874 $ 3,040,907 Cash reserves withheld for Trust expenses — 47,000 — 72,000 Distributable income 195,8

NOTES TO FINANCIAL STATEMENTS

NOTES TO FINANCIAL STATEMENTS (Unaudited) Note 1—Trust Organization and Provisions The Trust, created under the laws of the State of Texas, maintains its offices at the office of the Trustee, The Bank of New York Mellon Trust Company, N.A., (the "Trustee"), 601 Travis Street, Floor 16, Houston, Texas 77002. The telephone number of the Trust is 713-483-6020. The Trust has no employees. Administrative functions of the Trust are performed by the Trustee. The Trustee maintains a website for the Trust that makes available, free of charge, filings by the Trust with the Securities and Exchange Commission ("SEC") and other information. Any reports filed with the SEC are accessible through the Trust's website as soon as reasonably practicable after the Trustee electronically files such material with, or furnishes it to, the SEC. The Trust's website is http://mtr.q4web.com/home/default.aspx. Trust Corpus Description. The Trust was created on November 1, 1979 and is now governed by the Mesa Royalty Trust Indenture (as amended, the "Trust Indenture"). Through a series of conveyances, assignments, and acquisitions, the Trust currently owns an overriding royalty interest (the "Royalties") equal to 11.44% of 90% of the Net Proceeds (as defined in the Conveyance and described below) attributable to the specified interest in certain producing oil and gas properties located in the: Hugoton field of Kansas (the "Hugoton Royalty Properties"); San Juan Basin field of New Mexico (the "San Juan Basin—New Mexico Properties"); and San Juan Basin field of Colorado (the "San Juan Basin—Colorado Properties", and together with the San Juan Basin—New Mexico Properties, the "San Juan Basin Royalty Properties", and together with the Hugoton Royalty Properties, the "Royalty Properties"). Trust Corpus Conveyance History. On November 1, 1979, Mesa Petroleum Co., predecessor to Mesa Limited Partnership ("MLP"), which was the predecessor to MESA Inc., conveyed to the Trust the Royalties

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