#United States #Dallas #Argent Trust Company #Cross Timbers Royalty Trust #NYSE CRT

Cross Timbers Royalty Trust Declares February Cash Distribution

On February 18, 2025, the Argent Trust Company, acting as the trustee for the Cross Timbers Royalty Trust (NYSE: CRT), announced a cash distribution for February 2025. This distribution amounts to $0.045553 per unit, which will be payable on March 14, 2025. Eligible unitholders must be on record by February 28, 2025 to receive this payment.

Sales and Price Insights

The announcement also detailed information regarding the underlying oil and gas sales for the period. The figures are particularly interesting as they help paint a clearer picture of the Trust's operational status:

• - Current Month Distribution:

- Oil: 12,000 barrels
- Gas: 90,000 thousand cubic feet (Mcf)
- Average oil price: $68.15 per barrel
- Average gas price: $3.51 per Mcf

• - Prior Month Distribution:

- Oil: 13,000 barrels
- Gas: 114,000 Mcf
- Average oil price: $68.38 per barrel
- Average gas price: $3.78 per Mcf

It’s important to note that the volume discrepancies month-to-month can be attributed to the timing of cash receipts, which subsequently affects the sales volumes as recorded by the Trust.

Cost Considerations

In related news, XTO Energy has communicated that excess operational costs on properties that underpin the Texas Working Interest net profits interests have increased by approximately $9,000. Despite this increase in cost, it did not adversely affect the net proceeds from the Trust's remaining conveyances. As it stands, the cumulative excess costs on the Texas Working Interest stands at $4,296,000, which includes accrued interest of $1,171,000.

For those interested in additional details regarding the trust, past distributions, and tax information, the Trust has encouraged stakeholders and interested parties to visit their official website at: www.crt-crosstimbers.com

Conclusion

This financial announcement from the Cross Timbers Royalty Trust not only highlights the cash distribution but also provides valuable insights into the underlying sales and associated costs. As investors and stakeholders digest this information, it will be key to watch how these trends develop in the subsequent months, especially considering fluctuating oil and gas markets which can have direct impacts on future distributions. With over 40 years of operation, the Cross Timbers Royalty Trust continues to be an important player in the market for both oil and gas resources. Stakeholders can look forward to the March disbursement as the Trust navigates its path amidst the variable energy landscape.