Mesa Royalty | 10-Q: FY2025 Q3 Revenue: USD 128.99 K

Revenue: As of FY2025 Q3, the actual value is USD 128.99 K.

EPS: As of FY2025 Q3, the actual value is USD 0.0477.

EBIT: As of FY2025 Q3, the actual value is USD 46.58 K.

Royalty Income

• For the three months ended September 30, 2025, royalty income was $128,993, compared to $63,966 for the same period in 2024, primarily due to increased pricing and production of natural gas and natural gas liquids, despite increased operating expenses and capital expenditures.
• For the nine months ended September 30, 2025, royalty income was $460,810, a decrease from $552,994 in 2024, attributed to decreased pricing and production of natural gas liquids and oil, and increased operating expenses for natural gas.

Operating Costs

• Operating costs for the San Juan Basin - New Mexico Properties were $248,505 for the three months ended September 30, 2025, compared to $225,018 in 2024.
• For the nine months ended September 30, 2025, operating costs were $725,934, compared to $741,048 in 2024.

Capital Expenditures

• Capital expenditures for the San Juan Basin - New Mexico Properties were $32,613 for the three months ended September 30, 2025, compared to $11,639 in 2024.
• For the nine months ended September 30, 2025, capital expenditures were $89,679, compared to $90,018 in 2024.

Distributable Income

• Distributable income for the three months ended September 30, 2025, was $88,894, compared to $54,942 in 2024.
• For the nine months ended September 30, 2025, distributable income was $365,709, compared to $400,622 in 2024.

Future Outlook and Strategy

• The Trust intends to increase the Contingent Reserve to a total of $2.0 million, which will reduce Net Proceeds available to the Trust and distributions to Trust unitholders.
• The Trust may be unable to pay future distributions if future royalty income is less than the amount required to fund the increase in the Contingent Reserve.