Mesa Royalty Trust
Mesa Royalty Trust owns overriding royalty interests in various oil and gas producing properties in the United States. It holds interests in properties located in the Hugoton field of Kansas; and the San Juan Basin field of northwestern New Mexico and southwestern Colorado. Mesa Royalty Trust was founded in 1979 and is based in Houston, Texas.
Mesa Royalty Trust (MTR) - Net Assets
Latest net assets as of September 2025: $3.15 Million USD
Based on the latest financial reports, Mesa Royalty Trust (MTR) has net assets worth $3.15 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.22 Million) and total liabilities ($72.00K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.15 Million |
| % of Total Assets | 97.77% |
| Annual Growth Rate | 19.19% |
| 5-Year Change | N/A |
| 10-Year Change | 85413.25% |
| Growth Volatility | 19438.15 |
Mesa Royalty Trust - Net Assets Trend (1995–2024)
This chart illustrates how Mesa Royalty Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mesa Royalty Trust (1995–2024)
The table below shows the annual net assets of Mesa Royalty Trust from 1995 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $3.19 Billion | +104734.41% |
| 2023-12-31 | $3.04 Million | +13.03% |
| 2022-12-31 | $2.69 Million | +7.75% |
| 2021-12-31 | $2.50 Million | -- |
| 2020-12-31 | $0.00 | -- |
| 2019-12-31 | $2.58 Million | -7.43% |
| 2018-12-31 | $2.79 Million | -9.87% |
| 2017-12-31 | $3.10 Million | -9.93% |
| 2016-12-31 | $3.44 Million | -7.74% |
| 2015-12-31 | $3.73 Million | -7.12% |
| 2014-12-31 | $4.01 Million | -15.14% |
| 2013-12-31 | $4.73 Million | -13.76% |
| 2012-12-31 | $5.48 Million | -9.89% |
| 2011-12-31 | $6.09 Million | +9.52% |
| 2010-12-31 | $5.56 Million | -12.97% |
| 2009-12-31 | $6.39 Million | -16.98% |
| 2008-12-31 | $7.69 Million | 0.00% |
| 2007-12-31 | $7.69 Million | -5.07% |
| 2006-12-31 | $8.10 Million | -4.74% |
| 2005-12-31 | $8.51 Million | -5.67% |
| 2004-12-31 | $9.02 Million | -5.20% |
| 2003-12-31 | $9.51 Million | -5.18% |
| 2002-12-31 | $10.03 Million | -7.43% |
| 2001-12-31 | $10.84 Million | -8.51% |
| 2000-12-31 | $11.85 Million | -6.42% |
| 1999-12-31 | $12.66 Million | -8.86% |
| 1998-12-31 | $13.89 Million | -10.46% |
| 1997-12-31 | $15.51 Million | -10.72% |
| 1996-12-31 | $17.38 Million | -11.42% |
| 1995-12-31 | $19.62 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mesa Royalty Trust's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $3.13 Million | 100.00% |
| Total Equity | $3.13 Million | 100.00% |
Mesa Royalty Trust Competitors by Market Cap
The table below lists competitors of Mesa Royalty Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PT Bakrie Sumatera Plantations Tbk
F:OSW
|
$9.38 Million |
|
Angus Gold Inc
OTCQB:ANGVF
|
$9.38 Million |
|
Durango Resources Inc
OTCQB:ATOXF
|
$9.39 Million |
|
German High Street Properties A/S Class B
CO:GERHSP
|
$9.39 Million |
|
INTER RAO Lietuva AB
WAR:IRL
|
$9.37 Million |
|
Big Camera Corporation Public Company Limited
BK:BIG
|
$9.37 Million |
|
Phoenix Copper Limited
OTCQX:PXCLF
|
$9.37 Million |
|
SYZYGY AG
XETRA:SYZ
|
$9.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mesa Royalty Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,040,907 to 3,129,874, a change of 88,967 (2.9%).
- Net income of 462,956 contributed positively to equity growth.
- Dividend payments of 393,140 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $462.96K | +14.79% |
| Dividends Paid | $393.14K | -12.56% |
| Other Changes | $19.15K | +0.61% |
| Total Change | $- | 2.93% |
Book Value vs Market Value Analysis
This analysis compares Mesa Royalty Trust's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.02x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 0.27x to 3.02x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $18.72 | $5.08 | x |
| 1986-12-31 | $18.45 | $5.08 | x |
| 1987-12-31 | $17.78 | $5.08 | x |
| 1988-12-31 | $18.27 | $5.08 | x |
| 1989-12-31 | $17.57 | $5.08 | x |
| 1990-12-31 | $15.82 | $5.08 | x |
| 1991-12-31 | $14.80 | $5.08 | x |
| 1992-12-31 | $14.26 | $5.08 | x |
| 1993-12-31 | $12.97 | $5.08 | x |
| 1994-12-31 | $11.75 | $5.08 | x |
| 1995-12-31 | $10.53 | $5.08 | x |
| 1996-12-31 | $9.34 | $5.08 | x |
| 1997-12-31 | $8.32 | $5.08 | x |
| 1998-12-31 | $7.45 | $5.08 | x |
| 1999-12-31 | $6.80 | $5.08 | x |
| 2000-12-31 | $6.37 | $5.08 | x |
| 2001-12-31 | $5.83 | $5.08 | x |
| 2002-12-31 | $5.41 | $5.08 | x |
| 2003-12-31 | $5.12 | $5.08 | x |
| 2004-12-31 | $4.84 | $5.08 | x |
| 2005-12-31 | $4.57 | $5.08 | x |
| 2006-12-31 | $4.35 | $5.08 | x |
| 2007-12-31 | $4.13 | $5.08 | x |
| 2008-12-31 | $4.13 | $5.08 | x |
| 2009-12-31 | $3.43 | $5.08 | x |
| 2010-12-31 | $2.98 | $5.08 | x |
| 2011-12-31 | $2.76 | $5.08 | x |
| 2012-12-31 | $2.94 | $5.08 | x |
| 2013-12-31 | $2.54 | $5.08 | x |
| 2014-12-31 | $2.15 | $5.08 | x |
| 2015-12-31 | $2.00 | $5.08 | x |
| 2016-12-31 | $1.85 | $5.08 | x |
| 2017-12-31 | $1.66 | $5.08 | x |
| 2018-12-31 | $1.50 | $5.08 | x |
| 2019-12-31 | $1.39 | $5.08 | x |
| 2020-12-31 | $1.39 | $5.08 | x |
| 2021-12-31 | $1.34 | $5.08 | x |
| 2022-12-31 | $1.44 | $5.08 | x |
| 2023-12-31 | $1.63 | $5.08 | x |
| 2024-12-31 | $1.68 | $5.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mesa Royalty Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.79%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 62.06%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1018.56x
- Recent ROE (14.79%) is below the historical average (67.96%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 32.38% | 99.12% | 0.32x | 1.03x | $7.81 Million |
| 1986 | 6.40% | 100.00% | 0.06x | 1.00x | $-1.24 Million |
| 1987 | 4.11% | 100.00% | 0.04x | 1.00x | $-2.01 Million |
| 1988 | 6.57% | 95.65% | 0.07x | 1.00x | $-1.15 Million |
| 1989 | 12.58% | 100.00% | 0.13x | 1.00x | $840.00K |
| 1990 | 18.52% | 100.00% | 0.18x | 1.04x | $2.53 Million |
| 1991 | 17.03% | 97.92% | 0.17x | 1.03x | $1.94 Million |
| 1992 | 11.36% | 96.77% | 0.11x | 1.03x | $360.00K |
| 1993 | 24.28% | 100.00% | 0.23x | 1.05x | $3.47 Million |
| 1994 | 31.82% | 100.00% | 0.30x | 1.05x | $4.80 Million |
| 1995 | 30.35% | 99.07% | 0.29x | 1.06x | $3.99 Million |
| 1996 | 44.15% | 99.10% | 0.41x | 1.09x | $5.95 Million |
| 1997 | 60.33% | 99.59% | 0.53x | 1.14x | $7.81 Million |
| 1998 | 44.98% | 99.44% | 0.42x | 1.07x | $4.86 Million |
| 1999 | 43.43% | 99.53% | 0.39x | 1.13x | $4.24 Million |
| 2000 | 67.70% | 99.66% | 0.55x | 1.23x | $6.84 Million |
| 2001 | 97.25% | 99.74% | 0.88x | 1.11x | $9.48 Million |
| 2002 | 47.77% | 99.22% | 0.42x | 1.13x | $3.81 Million |
| 2003 | 97.05% | 99.49% | 0.80x | 1.23x | $8.31 Million |
| 2004 | 97.75% | 99.42% | 0.78x | 1.26x | $7.91 Million |
| 2005 | 123.49% | 99.40% | 0.89x | 1.40x | $9.67 Million |
| 2006 | 120.59% | 99.31% | 1.00x | 1.21x | $8.96 Million |
| 2007 | 158.89% | 99.26% | 1.07x | 1.50x | $11.45 Million |
| 2008 | 158.89% | 99.26% | 1.07x | 1.50x | $11.45 Million |
| 2009 | 215.60% | 99.08% | 1.83x | 1.19x | $13.13 Million |
| 2010 | 117.34% | 97.53% | 0.96x | 1.25x | $5.97 Million |
| 2011 | 106.91% | 97.69% | 0.90x | 1.22x | $5.90 Million |
| 2012 | 65.66% | 95.24% | 0.60x | 1.15x | $3.05 Million |
| 2013 | 73.20% | 95.51% | 0.64x | 1.20x | $2.99 Million |
| 2014 | 162.78% | 97.63% | 1.30x | 1.28x | $6.13 Million |
| 2015 | 51.39% | 92.24% | 0.50x | 1.11x | $1.54 Million |
| 2016 | 35.29% | 88.94% | 0.34x | 1.18x | $869.98K |
| 2017 | 94.84% | 97.01% | 0.80x | 1.22x | $2.63 Million |
| 2018 | 76.58% | 91.67% | 0.69x | 1.20x | $1.86 Million |
| 2019 | 63.26% | 90.42% | 0.64x | 1.10x | $1.38 Million |
| 2020 | 21.84% | 67.99% | 0.32x | 1.00x | $306.73K |
| 2021 | 30.31% | 83.34% | 0.33x | 1.10x | $507.14K |
| 2022 | 136.86% | 89.39% | 1.10x | 1.39x | $3.41 Million |
| 2023 | 93.95% | 84.18% | 1.00x | 1.12x | $2.55 Million |
| 2024 | 14.79% | 62.06% | 0.00x | 1018.56x | $149.97K |
Industry Comparison
This section compares Mesa Royalty Trust's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $1,751,793,864
- Average return on equity (ROE) among peers: -1.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mesa Royalty Trust (MTR) | $3.15 Million | 32.38% | 0.02x | $9.37 Million |
| Advantage Energy Ltd. (AAVVF) | $1.33 Billion | 0.83% | 0.33x | $922.80 Million |
| ADX Energy Ltd (ADXRF) | $4.37 Million | -14.30% | 0.01x | $9.58 Million |
| ARC Resources Ltd. (AETUF) | $3.40 Billion | 7.09% | 0.69x | $10.30 Billion |
| Aminex PLC (AEXFF) | $7.53 Million | -11.90% | 0.27x | $77.17 Million |
| Aker BP ASA (AKRBF) | $12.69 Billion | 14.40% | 2.32x | $6.29 Billion |
| Arkanova Energy Corporation (AKVA) | $-35.51K | 0.00% | 0.00x | $4.92K |
| Allied Resources Inc (ALOD) | $2.39 Million | -3.81% | 0.14x | $428.76K |
| Altex Industries Inc (ALTX) | $2.60 Million | -10.61% | 0.15x | $1.08 Million |
| Alvopetro Energy Ltd (ALVOF) | $66.14 Million | -10.76% | 0.04x | $117.02 Million |
| AMEN Properties Inc (AMEN) | $15.55 Million | 14.30% | 0.08x | $4.94 Million |