Company: MTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001104659-25-029944
Chunk: 48

Company: MESA ROYALTY TRUST/TX
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 48
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 the external petroleum engineering specialists engaged by the Trust to estimate proved oil and gas reserves with industry and regulatory standards. We evaluated the forecasted production used by the Trust by comparing it to historical production rates. We analyzed and recalculated the amortization of net overriding royalty interests for compliance with industry and regulatory standards.

We have served as the Trust’s auditor since 2002.

Houston, TexasMarch 31, 2025

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TABLE OF CONTENTS

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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