Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
How It Works 
News - Chart
- Upturn Summary
- Highlights
- Valuation
Upturn AI Summary - About
Mesa Royalty Trust(MTR)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for MTR
10/23/2026: MTR (1-star) is currently NOT-A-BUY. Pass it for now.
Mesa Royalty Trust is a passive, flow-through investment vehicle that generates income from overriding royalty interests in mature oil and gas properties. The trust provides direct, unhedged exposure to natural gas and oil price fluctuations, making it an option primarily for income-focused investors who understand commodity volatility. Its main strength lies in its simple structure with no operating costs, but it faces significant risks from the natural depletion of its aging assets and lack of operational control. As a depleting asset, it is generally unsuitable for long-term growth investors. Potential developments to monitor include changes in energy commodity prices, operational performance of third-party producers, and environmental regulations.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | The trust is a depleting asset and does not offer long-term capital growth potential. |
| Momentum investor | Mixed fit | Momentum may occur during commodity price spikes, but the asset lacks structural growth catalysts. |
| Value investor | Weak fit | Valuation is difficult due to the finite life of the underlying oil and gas reserves. |
| Dividend investor | Strong fit while signal remains positive | The trust is designed exclusively for high-yield income distribution. |
| Low-risk investor | Weak fit | High commodity price volatility makes this an unsuitable investment for risk-averse individuals. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | Distributions are directly tied to fluctuating oil and gas prices. |
| Valuation risk | High | The finite nature of the assets makes long-term valuation highly uncertain. |
| Competition risk (commodity markets) | Medium | Global energy supply changes impact the price of the trust's underlying gas and oil. |
| Business quality | Low | The trust has no operating control and is dependent on third-party performance. |
| Dividend income | High | Dividend payouts are variable and may cease entirely as production ends. |
| Execution risk | Medium | Investors are reliant on the operational efficiency of third-party oil and gas operators. |
Price Behavior
Steep Decline
The stock price has dropped sharply with strong downward pressure.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit -58.69% | Avg. Invested days 19 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/23/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 3.86M USD | Price to earnings Ratio 10.35 | 1Y Target Price - |
Price to earnings Ratio 10.35 | 1Y Target Price - | ||
Volume (30-day avg) 6.0K shares | Beta 0.42 | 52 Weeks Range 1.95 - 5.74 | Updated Date 10/25/2026 |
52 Weeks Range 1.95 - 5.74 | Updated Date 10/25/2026 | ||
Dividends yield (FY) 8.55% | Basic EPS (TTM) 0.2 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Natural Gas Royalties | Proceeds from gas production in San Juan and Hugoton basins. | You get paid from the gas pulled from the ground by third parties. |
| Oil Royalties | Proceeds from oil production on trust-owned mineral interests. | You get paid from the oil pulled from the ground by third parties. |
Valuation
Trailing PE 10.35 | Forward PE 19.68 | Enterprise Value 2.46M | Price to Sales(TTM) 6.97 |
Enterprise Value 2.46M | Price to Sales(TTM) 6.97 | ||
Enterprise Value to Revenue 5.16 | Enterprise Value to EBITDA 8.52 | Shares Outstanding 1.86M | Shares Floating 1.86M |
Shares Outstanding 1.86M | Shares Floating 1.86M | ||
Percent Insiders - | Percent Institutions 30.98 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
All company names, trademarks, logos, and brands are the property of their respective owners and are used for identification and informational purposes only. Use of these names, trademarks, and logos does not imply endorsement by their respective owners.