Cross Timbers Royalty Trust Announces January Distribution to Unitholders
Cross Timbers Royalty Trust Declares January Cash Distribution
DALLAS, January 21, 2025 – Argent Trust Company, serving as the trustee for the Cross Timbers Royalty Trust (ticker: NYSE CRT), has announced a cash distribution of $0.095045 per unit of beneficial interest for January. This payment is scheduled to be made on February 14, 2025, to unitholders recorded as of January 31, 2025.
The table below provides details regarding underlying oil and gas sales, including volume measurements and average prices for both the current and prior month's distributions.
| Item | Current Month | Prior Month |
|---|---|---|
| ------- | ---- | ------- |
| Oil (Bbls) | 13,000 | 13,000 |
| Gas (Mcf) | 114,000 | 68,000 |
| Average Oil Price (per Bbl) | $68.38 | $69.15 |
| Average Gas Price (per Mcf) | $3.78 | $3.26 |
The sales volumes reflect the months in which the Trust collects net profits income, indicating potential fluctuations based on cash receipt timing.
In terms of financials, XTO Energy has indicated that $24,000 in excess costs were recovered from properties associated with the Texas Working Interest net profits interests. Despite this partial recovery, there remains no surplus to be included in the current month’s distribution. Cumulatively, the excess costs associated with the Texas Working Interest net profits interests stand at $4,260,000, inclusive of $1,143,000 in accrued interest.
For further information regarding the Trust—including distribution amounts, annual tax details, and historical press releases—visitors are encouraged to check the official website at www.crt-crosstimbers.com.
This distribution marks another step in the trust's ongoing endeavor to benefit its unitholders amid fluctuating market conditions and pricing. The management team remains committed to transparency and regular updates to ensure all stakeholders are well-informed on the Trust's performance and financial health.
As the energy sector continues to experience volatility, the Cross Timbers Royalty Trust operates strategically to manage assets in oil and gas exploration and production, focusing on maximizing shareholder value while navigating the complexities of the industry. Regular cash distributions such as this serve as a positive indicator of the Trust's profitability and sustainable cash flow from its operations.
Key Highlights:
- - Distribution Amount: $0.095045 per unit
- - Payable Date: February 14, 2025
- - Record Date: January 31, 2025
- - Current Month Oil Sales: 13,000 Bbls
- - Current Month Gas Sales: 114,000 Mcf
Stay tuned as we continue to track developments at the Cross Timbers Royalty Trust and their impact on unitholder benefits in the coming months.
Topics Financial Services & Investing）
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