Mesa Royalty Trust
Collects royalties from legacy oil and gas properties across the Hugoton field and San Juan Basin.
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Profile
Collects royalty income from oil, natural gas, and natural-gas liquids produced in Kansas, New Mexico, and Colorado after operators deduct defined costs. As a passive trust, it cannot operate properties, direct development, or acquire replacement assets.
Owns a net overriding royalty interest in producing oil and gas properties in the Hugoton field of Kansas and the San Juan Basin of New Mexico and Colorado. Working Interest Owners drill, operate, sell production, and provide monthly accounting to the Trustee; the Trust receives Net Proceeds after defined production and capital costs.
Administered by BNY Mellon Trust of Delaware, it pays expenses and may retain cash reserves before distributing remaining income to unitholders. It does not operate wells, market hydrocarbons, employ personnel, acquire replacement assets, or choose operators. Current royalty income comes solely from Hilcorp's New Mexico properties, while cost deficits in other royalty areas carry forward before income is paid.
Company facts
Key statistics
Year to date −46.1% · Average volume (30d) 8.6K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 14, 2026Q2 FY26 | — | $0.07 | — | — | $172.8K | — | +2.12% |
| May 15, 2026Q1 FY26 | — | $0.08 | — | — | $160.6K | — | −2.88% |
| Mar 30, 2026 | — | $0.04 | — | — | $69.6K | — | −4.49% |
| Nov 13, 2025 | — | $0.05 | — | — | $150.1K | — | −1.52% |
Financial highlights
| 2 quarters | — | — | — | — | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | $69.6K | $172.8K | |
| Gross profit | — | — | — | — | $51.3K | $143.5K | |
| Operating income | — | — | — | — | $601 | $130.6K | |
| Net income | — | — | — | — | $601 | $130.6K | |
| Diluted EPS | — | — | — | — | $0.01 | $0.06 | |
| Gross margin | — | — | — | — | 73.6% | 83.1% | |
| Operating margin | — | — | — | — | 0.9% | 75.6% |
Balance sheet, Jun 30, 2026Cash & short-term investments $2.1M · Total debt $0 · Total assets $3.3M · Shareholders' equity $3.1M
Dividends
Last cut to $0.0245 from $0.0403 in May 2026.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 29, 2026 | May 29 | Jul 31 | $0.0245 | cut from $0.0403 |
| Apr 30, 2026 | Apr 30 | Jul 31 | $0.0403 | raised from $0.0057 |
| Mar 31, 2026 | Mar 31 | Apr 30 | $0.0057 | raised from $0.0015 |
| Jan 30, 2026 | Jan 30 | Apr 30 | $0.0015 | cut from $0.0186 |
| Dec 31, 2025 | Dec 31 | Jan 30 | $0.0186 | cut from $0.0296 |
| Nov 28, 2025 | Nov 28 | Jan 30 | $0.0296 | raised from $0.0184 |
| Oct 31, 2025 | Oct 31 | Jan 30 | $0.0184 | raised from $0.0017 |
| Sep 30, 2025 | Sep 30 | Oct 31 | $0.0017 | cut from $0.0094 |
Ownership
Shares outstanding 1.86M · Float 1.60M · 85.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| A. Gile & Co. LLC | 265.4K | 14.20% | 13D | Jan 27, 2025 |
| Welch Group, LLC | 22.6K | 1.21% | 13F | Jul 23, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- San Juan Basin Royalty Trust
Closest peer in San Juan Basin natural-gas royalty exposure.
- Cross Timbers Royalty Trust
San Juan Basin gas and Southwest royalty exposure in a peer trust.
- Sabine Royalty Trust
Diversified U.S. oil-and-gas royalty units vie for income capital.
- Permian Basin Royalty Trust
Texas net-overriding royalty units compete for royalty-income capital.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Mesa Royalty Trust | $2.24 | −1.95% | $4.2M | 11.4 | — | 7.8 | −21.8% |
| San Juan Basin Royalty Trust | $2.71 | −0.37% | $126.3M | — | — | 120,409.8 | −93.8% |
| Cross Timbers Royalty Trust | $10.42 | −0.71% | $62.5M | 19.7 | — | 14.6 | −14.8% |
| Sabine Royalty Trust | $74.85 | −0.22% | $1.09B | 15.3 | — | 14.5 | +16.7% |
| Permian Basin Royalty Trust | $33.82 | −0.12% | $1.58B | 97.3 | — | 89.1 | +34.4% |
| Median | 19.7 | — | 51.8 | +0.9% |