Mesa Royalty Trust (MTR)
Collects royalties from legacy oil and gas properties across the Hugoton field and San Juan Basin.
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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
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.1M · Total debt $0 · Total assets $3.3M · Shareholders' equity $3.1M
- Revenue
- $172.8K
- Operating income
- $130.6K
- Net income
- $130.6K
HistoryDividendAnnual yield
| Institutions | 16.35% | 304.7K shares | |
|---|---|---|---|
| 13 holders · as of Jun 30, 2026 | |||
| Other | 83.65% | 1.56M shares | |
| remainder | |||
1.86M company shares as of Aug 24, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
A. Gile & Co. LLCInstitution | 14.24% | 265,388 | filed Jan 27, 2025 |
Ashton Thomas Private Wealth, LLCInstitution | 12.57% | 234,323 | as of Jun 30, 2026 |
Welch Group, LLCInstitution | 1.21% | 22,570 | as of Jun 30, 2026 |
Citadel Advisors LLCInstitution | 0.79% | 14,789 | as of Jun 30, 2026 |
Mcgowan Group Asset Management, Inc.Institution | 0.70% | 13,115 | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- 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.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Mesa Royalty Trust | $2.40 | −1.23% | $4.6M | 13.3 | — | 8.7 | −21.8% |
| San Juan Basin Royalty Trust | $3.15 | +1.45% | $144.5M | — | — | 137,738.1 | −93.8% |
| Cross Timbers Royalty Trust | $11.88 | −2.94% | $73.4M | 23.6 | — | 17.1 | −14.8% |
| Sabine Royalty Trust | $72.48 | +0.15% | $1.06B | 14.8 | — | 14.1 | +16.7% |
| Permian Basin Royalty Trust | $33.27 | +0.73% | $1.54B | 94.3 | — | 87.0 | +34.4% |
| Median | 23.6 | — | 52.1 | +0.9% |