Cross Timbers Royalty Trust (CRT) Declares June Distribution of $0.044

This summary was generated by AI from the company's SEC filing and may contain errors — always verify against the primary source on SEC.gov.

The short version

Cross Timbers Royalty Trust declared a monthly cash distribution of $0.044186 per unit, payable July 15, 2026 to unitholders of record on June 30. The distribution was supported by oil sales of 9,000 barrels at an average price of $88.05 per barrel and natural gas sales of 27,000 thousand cubic feet at $4.30 per thousand cubic feet for the current month.

Cross Timbers Royalty Trust announced a monthly cash distribution of $0.044186 per unit on June 18, 2026. The payment will be made on July 15, 2026 to unitholders—investors who own units of the trust—of record as of June 30, 2026.

Distribution Details and Underlying Sales

The distribution was tied to oil and natural gas production. In the current month, the trust's underlying properties produced 9,000 barrels of oil that sold at an average price of $88.05 per barrel, and 27,000 thousand cubic feet of natural gas at an average price of $4.30 per thousand cubic feet. In the prior month, sales were higher at 10,000 barrels of oil (at $77.14 per barrel) and 47,000 thousand cubic feet of natural gas (at $4.98 per thousand cubic feet).

The trust notes that sales volumes can fluctuate from month to month because the trust records sales volumes in the month it receives the related cash payments, which may not align with the month the oil and gas was actually produced.

Excess Costs Update

The trust reported changes in "excess costs"—cumulative costs incurred on properties that have not yet been recovered from profits. On the Texas Working Interest properties, excess costs increased by $25,000 this period. The total remaining cumulative excess costs on those properties reached $5,951,000, including accrued interest of $1,660,000.

On the Oklahoma Working Interest properties, the trust recovered $136,000 of excess costs, bringing the remaining total to $842,000, including accrued interest of $25,000. However, no remaining proceeds from those Oklahoma properties were included in this month's distribution after the recovery.

Key facts

Cross Timbers Royalty Trust (NYSE: CRT) declared a monthly distribution of $0.044186 per unit on June 18, 2026

Distribution payable July 15, 2026 to unitholders of record on June 30, 2026

Current month oil sales: 9,000 barrels at $88.05 per barrel

Current month natural gas sales: 27,000 Mcf at $4.30 per Mcf

Prior month oil sales: 10,000 barrels at $77.14 per barrel

Prior month natural gas sales: 47,000 Mcf at $4.98 per Mcf

Texas Working Interest excess costs increased by $25,000; total remaining excess costs are $5,951,000 (including $1,660,000 accrued interest)

Oklahoma Working Interest recovered $136,000 of excess costs; total remaining excess costs are $842,000 (including $25,000 accrued interest)

Argent Trust Company serves as Trustee

Why it matters

For investors in Cross Timbers, the monthly distribution is a direct return of cash generated from the trust's underlying oil and gas properties. The distribution of $0.044186 per unit reflects actual production volumes and commodity prices (oil and natural gas) for the period. The filing also shows the status of excess costs—accumulated capital spending that must be recovered before unitholders receive full profits—which is material to understanding how much of future revenues will flow through to distributions versus being used to offset prior costs. Quarterly or monthly changes in production volumes and prices directly drive the size of distributions, making this data relevant for income-focused investors.

Frequently asked

What is the distribution amount and when will it be paid?

Cross Timbers declared a monthly cash distribution of $0.044186 per unit, payable on July 15, 2026, to unitholders of record on June 30, 2026.

What were the oil and gas sales volumes and prices for the current month?

For the current month, the trust recorded oil sales of 9,000 barrels at an average price of $88.05 per barrel and natural gas sales of 27,000 thousand cubic feet at an average price of $4.30 per thousand cubic feet.

What are excess costs and how much does the trust have remaining?

Excess costs are cumulative costs on properties that have not yet been recovered from profits. The trust has $5,951,000 remaining on Texas Working Interest properties (including $1,660,000 accrued interest) and $842,000 on Oklahoma Working Interest properties (including $25,000 accrued interest).

Why do sales volumes vary from month to month?

The trust records sales volumes in the month it receives the related cash payments, not necessarily the month the oil and gas was produced, which causes month-to-month fluctuations.

What the filing reported

2.02 Results of Operations & Financial Condition

9.01 Financial Statements & Exhibits

Cross Timbers Royalty Trust (CRT) Declares June Distribution of $0.044186 Per Unit