Mesa Royalty Trust Announces No Distribution for February 2026 Due to Exceeding Costs and Expenses.

Mesa Royalty Trust has announced that there will be no distribution for February 2026 due to costs and expenses exceeding revenue from the sale of oil, natural gas, and other hydrocarbons. The Trust's royalty properties have accumulated excess production costs, which will decrease distributions and in some periods result in no distributions. The working interest owners control historical operating data and handle payments to the Trust, which may affect future royalty income and distributions.