Company: MTR
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001104659-25-049448
Chunk: 0

Company: MESA ROYALTY TRUST/TX
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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 31,                 
                                                                       2025                 
 ────────────────────────────────────────────────────────────────────────────────────────────
  Trust corpus, beginning of period                               3,129,874      3,040,907  
  Cash reserves withheld for current Trust expenses                       —         25,000  
  Distributable income                                               80,999        122,029  
  Distributions to unitholders                                     (61,606)      (114,987)  
  Amortization of net overriding royalty interest                  (10,004)       (10,720)  
  Trust corpus, end of period                                     3,139,263      3,062,229  

(The accompanying notes are an integral part of these financial statements.)

3

MESA ROYALTY TRUST

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