Stock Taper
| DATE | TYPE | RATIO |
|---|---|---|
| 2013-12-31 | Reverse | 1:4 |
Mesa Royalty Trust, based in Houston, Texas, owns net overriding royalty interests in U.S. oil and natural gas production sites, primarily in Kansas's Hugoton field and the San Juan Basin.

Mesa Royalty Trust is a statutory trust that owns overriding royalty interests in U.S. oil and gas properties, generating income from sales of crude oil, natural gas, and liquids for unitholders without operational risks.
In its full-year 2025 financial report, Mesa Royalty Trust announced a decrease in royalty income to $601,800 from $649,200 in the prior year, driven by lower energy prices and reduced gas volumes. However, distributable income per unit saw an increase to $0.2742 from $0.2484, and net income rose to $510,906. This mixed performance highlighted the trust's sensitivity to commodity markets and operator-driven costs.
In 2025, Mesa Royalty Trust's leadership made a significant strategic decision to continue building its cash reserves to a target of $2.0 million. This move is intended to provide the trust with greater liquidity and financial stability in a volatile energy market, but it has had a direct impact on unitholders by materially reducing near-term monthly distributions.