Mesa Royalty Trust
MTR Energy Oil & Gas E&P
Mesa Royalty Trust’s revenue for fiscal 2025 (year ended December 2025) was $601,400.00, down 5.22% from fiscal 2024. In the quarter to June 2026, revenue fell 29.8% and EPS fell 36.4%, each against the same quarter a year earlier.
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Mesa Royalty Trust (MTR) Piotroski F-score
Mesa Royalty Trust's Piotroski F-score for fiscal 2025 cannot be worked out: operating cash flow not reported.
Piotroski F-score, annual
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 15.78% | 14.04% | Pass | 1 |
| Positive operating cash flow | — | — | n/a | — |
| Rising return on assets | 15.78% | 14.04% | Pass | 1 |
| Cash flow above net income | — | — | n/a | — |
| Falling long-term leverage | 0.00 | 0.00 | Pass | 1 |
| Rising current ratio | 16.72 | 33.22 | Fail | 0 |
| No new shares issued | 1,864,000 | 1,864,000 | Pass | 1 |
| Rising gross margin | 100.00% | 100.00% | Fail | 0 |
| Rising asset turnover | 0.19 | 0.19 | Fail | 0 |
| Piotroski F-score | n/a — operating cash flow not reported | — | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| MXC Mexco Energy Corporation compare | 7 |
| PROP Prairie Operating Co. compare | 5 |
| CKX CKX Lands, Inc. compare | 4 |
| INDO Indonesia Energy Corporation Limited compare | 3 |
| BRN Barnwell Industries, Inc. compare | 2 |
| EONR EON Resources Inc. compare | 2 |
| PRT PermRock Royalty Trust compare | — |
| TPET Trio Petroleum Corp. compare | — |
| MTR Mesa Royalty Trust | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover