#None #Dividend #Cross Timbers Royalty Trust #NYSE CRT

Cross Timbers Royalty Trust Declares Cash Distribution for May 2025

On May 19, 2025, Argent Trust Company, acting as the Trustee for the Cross Timbers Royalty Trust (NYSE: CRT), officially announced a cash distribution for its unitholders. The declaration specifies a payment of $0.080799 per unit, which will be payable on June 13, 2025, to unitholders who are on record as of May 30, 2025.

This recent distribution reflects the underlying sales and average pricing for oil and gas during the reporting period. For May, the Trust reported a sale of:

• - Oil: 13,000 barrels at an average price of $67.18 per barrel.
• - Gas: 72,000 Mcf at an average price of $5.80 per Mcf.

In comparison, the previous month saw sales of:

• - Oil: 12,000 barrels at an average price of $69.99 per barrel.
• - Gas: 78,000 Mcf at an average price of $5.86 per Mcf.

These fluctuations in sales volumes and pricing capture the variability inherent in the oil and gas markets, influenced by global demand and production factors.

Underlying Financial Dynamics

Despite an increase in excess costs reported by XTO Energy—amounting to $70,000—the revenue streams from other conveyances remained stable enough to prevent a decrease in net proceeds. The cumulative excess costs attributed to the Texas Working Interest net profits interests now stand at $4,665,000, including accrued interest of $1,251,000.

To further bolster its financial stability, the Trustee has decided to withhold $50,000 from this month's distribution to augment the cash reserve. This strategy aims at reaching a reserve account total of $1,500,000, by systematically withholding similar amounts in the coming months.

Future Outlook

The outlook remains cautiously optimistic as the Trust continues to adjust its distribution policies in response to market conditions. Stakeholders and potential investors can monitor the Trust's performance and updates by visiting their official website at www.crt-crosstimbers.com.

This strategic decision showcases the Trust’s dedication to maintaining a robust financial framework while balancing the needs of its unitholders. As always, these distributions provide an essential income stream for the holders of beneficial units, reinforcing the ongoing relevance of royalty trusts in the broader investments landscape.

Overall, the actions taken by Cross Timbers Royalty Trust highlight the ongoing complexities and adjustments within the energy sector, stemming from external market pressures and internal financial strategies. Investors should remain informed about evolving trends and future announcements from the Trust as it navigates these challenging waters.