Earnings summaries and quarterly performance for MESABI TRUST.
Research analysts covering MESABI TRUST.
Recent press releases and 8-K filings for MSB.
Mesabi Trust Announces Q4 2025 Royalty Payment and Shipments
MSB
Earnings
Dividends
Demand Weakening
- Mesabi Trust received $4,943,488 in total royalty payments from Cleveland-Cliffs Inc. on January 30, 2026, for the quarter ended December 31, 2025.
- The royalty payment included a base royalty of $3,622,142, a bonus royalty of $1,041,580, and $66,572 in adjustments related to prior quarters.
- Iron ore shipments by Northshore for the quarter ended December 31, 2025, totaled 956,512 tons, a decrease from 1,110,800 tons shipped during the fourth calendar quarter of 2024.
- The Trust noted that royalty payments can vary significantly from quarter to quarter and year to year due to multiple factors, and past payments are not necessarily indicative of future results.
1 day ago
Mesabi Trust Declares Q3 2026 Distribution
MSB
Dividends
Demand Weakening
- Mesabi Trust announced a distribution of $0.26 per Unit of Beneficial Interest, payable on February 20, 2026, to unitholders of record on January 30, 2026.
- This distribution is substantially lower than the $5.95 per Unit declared for the same period last year, primarily due to the prior year's inclusion of $71,185,029 in non-recurring arbitration award revenue.
- The current distribution also reflects lower royalty payments of $4,005,142 received on October 30, 2025, compared to $7,355,929 received in October 2024.
- The Trustees are maintaining appropriate reserves and considering uncertainties in the iron ore and steel industries and global economic conditions.
Jan 16, 2026, 9:21 PM
Mesabi Trust Declares Distribution, Down Significantly Year-Over-Year
MSB
Dividends
Legal Proceedings
Demand Weakening
- Mesabi Trust declared a distribution of $0.26 per Unit payable on February 20, 2026, to unitholders of record on January 30, 2026.
- This distribution is significantly lower than the $5.95 per Unit declared for the same period last year, primarily due to the prior year's inclusion of a non-recurring $71,185,029 arbitration award received on October 4, 2024.
- The current distribution also reflects lower total royalty payments of $4,005,142 received from Cliffs on October 30, 2025, compared to $7,355,929 received in October 2024.
- The Trustees are maintaining appropriate reserves and acknowledge uncertainties in the iron ore and steel industries, as well as Cliffs' plans for Northshore operations.
Jan 16, 2026, 9:05 PM
Mesabi Trust Reports Q3 2025 Royalty Payments
MSB
Earnings
Revenue Acceleration/Inflection
- Mesabi Trust received total royalty payments of $4,005,142 on October 30, 2025, for iron ore shipments during the quarter ended September 30, 2025.
- The royalty payment included a base royalty of $2,817,500 and a bonus royalty of $973,410.
- 987,370 tons of iron ore were credited as shipped by Northshore Mining Company during the third calendar quarter of 2025, an increase from 972,154 tons shipped in the third calendar quarter of 2024.
Oct 31, 2025, 8:30 PM
Mesabi Trust Declares Q3 2025 Distribution
MSB
Dividends
Guidance Update
Demand Weakening
- Mesabi Trust declared a distribution of $0.34 per Unit of Beneficial Interest, payable on November 20, 2025, to unitholders of record on October 30, 2025.
- This distribution is lower than the $0.39 per Unit declared for the same period last year.
- The distribution decision reflects total royalty payments of $5,300,287 received on July 30, 2025, from Cleveland-Cliffs Inc..
- Trustees also considered maintaining appropriate reserves and various uncertainties, including volatility in the iron ore and steel industries, global economic uncertainties, and potential changes in trade laws.
- Quarterly royalty payments for the third calendar quarter are due on October 30, 2025, after which Mesabi Trust plans to file a summary with the SEC.
Oct 10, 2025, 8:05 PM
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