Company: MTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001104659-25-029944
Chunk: 49

Company: MESA ROYALTY TRUST/TX
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 49
---
Item 8. Financial Statements and Supplementary Data.

MESA ROYALTY TRUST

STATEMENTS OF DISTRIBUTABLE INCOME

                                                                                                   Years Ended December 31,                 
                                                                                                                       2024                 
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Royalty income                                                                                                    649,164      3,279,909  
  Other income (loss)                                                                                              (14,664)         14,691  
  Interest income                                                                                                    96,855         99,057  
  General and administrative expenses                                                                             (196,399)      (186,843)  
  Income available for distribution prior to cash reserves used/(withheld) for Trust expenses                       534,956      3,206,814  
  Cash reserves withheld for current Trust expenses                                                                (72,000)      (350,000)  
  Distributable income                                                                                              462,956      2,856,814  
  Distributable income per unit                                                                                      0.2484         1.5330  

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

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STATEMENTS OF ASSETS, LIABILITIES AND TRUST CORPUS

                                                                                     December 31,                                      
                                                                                             2024                                      
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  ASSETS                                                                                                                               
  Cash and short-term investments                                                                         1,930,126         2,096,773  
  Net overriding royalty interests in oil and gas properties                                             42,498,034        42,498,034  
  Accumulated amortization                                                                             (41,240,185)      (41,187,341)  
  Total assets                                                                                            3,187,975         3,407,466  
  LIABILITIES AND TRUST CORPUS                                                                                                         
  Distributions payable                                                                                      58,101           214,941  
  General and administrative expenses payable                                                                     —           151,618  
  Trust corpus (1,863,590 units of beneficial interest, issued and outstanding)                           3,129,874         3,040,907  
  Total liabilities and trust corpus                                                                      3,187,975         3,407,466  

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

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STATEMENTS OF CHANGES IN TRUST CORP