Cross Timbers Royalty Trust Announces Cash Distribution for August 2026
In a notable financial announcement, the Argent Trust Company, acting as the Trustee for the Cross Timbers Royalty Trust (NYSE: CRT), has declared a cash distribution for August 2026. Each unitholder of the Trust will receive a payment of $0.067892 per unit, set for disbursement on September 15, 2026, to those on record as of August 31, 2026.
The announcement reveals insights into the underlying oil and gas sales, specifically for the current and prior month distributions. For August, the Trust recorded sales volumes of 11,000 barrels of oil and 50,000 thousand cubic feet (Mcf) of gas. The average selling price for oil stood at $78.27 per barrel, while gas was priced at $4.69 per Mcf. Comparatively, the previous month saw lower sales figures, with 6,000 barrels of oil and 75,000 Mcf of gas, indicating a decrease in oil sales despite a marginally higher gas price.
Additionally, the financial details concerning excess costs have been provided. XTO Energy indicated an increase of $43 in excess costs associated with the properties tied to the Texas Working Interest net profits interests, which was addressed with the reassurance that this did not impact the net proceeds from the various conveyances. The cumulative excess costs remaining on these Texas interests currently stand at $6,021,000, including accrued interest that amounts to $1,727,000.
For the Oklahoma Working Interest net profits interests, it was reported that $246,000 of excess costs were recouped. However, following this recovery, no proceeds remained from the Oklahoma properties for inclusion in this month's distribution. The total remaining excess costs for the Oklahoma segment is $552,000, inclusive of accrued interest totaling $34,000.
The transparency of the Trust's financial operations underlines its commitment to keeping unitholders informed. Investors and stakeholders interested in understanding further details regarding this Trust, such as annual tax information, comprehensive distribution amounts, and access to historical press releases can visit the official website at www.crt-crosstimbers.com. This online resource offers a wealth of information that is crucial for anyone involved or interested in the Cross Timbers Royalty Trust, ensuring that all stakeholders are well-informed and can make educated decisions based on the Trust's distributions and market performance.
In conclusion, these measures not only signify a reaffirmation of the Trust’s operational stability but also a commitment to provide consistent returns to its unitholders amidst the fluctuations in the oil and gas industry. As the backdrop of energy prices continues to evolve, stakeholders will be keenly watching future distributions to gauge the Trust’s financial trajectory.
The announcement reveals insights into the underlying oil and gas sales, specifically for the current and prior month distributions. For August, the Trust recorded sales volumes of 11,000 barrels of oil and 50,000 thousand cubic feet (Mcf) of gas. The average selling price for oil stood at $78.27 per barrel, while gas was priced at $4.69 per Mcf. Comparatively, the previous month saw lower sales figures, with 6,000 barrels of oil and 75,000 Mcf of gas, indicating a decrease in oil sales despite a marginally higher gas price.
Additionally, the financial details concerning excess costs have been provided. XTO Energy indicated an increase of $43 in excess costs associated with the properties tied to the Texas Working Interest net profits interests, which was addressed with the reassurance that this did not impact the net proceeds from the various conveyances. The cumulative excess costs remaining on these Texas interests currently stand at $6,021,000, including accrued interest that amounts to $1,727,000.
For the Oklahoma Working Interest net profits interests, it was reported that $246,000 of excess costs were recouped. However, following this recovery, no proceeds remained from the Oklahoma properties for inclusion in this month's distribution. The total remaining excess costs for the Oklahoma segment is $552,000, inclusive of accrued interest totaling $34,000.
The transparency of the Trust's financial operations underlines its commitment to keeping unitholders informed. Investors and stakeholders interested in understanding further details regarding this Trust, such as annual tax information, comprehensive distribution amounts, and access to historical press releases can visit the official website at www.crt-crosstimbers.com. This online resource offers a wealth of information that is crucial for anyone involved or interested in the Cross Timbers Royalty Trust, ensuring that all stakeholders are well-informed and can make educated decisions based on the Trust's distributions and market performance.
In conclusion, these measures not only signify a reaffirmation of the Trust’s operational stability but also a commitment to provide consistent returns to its unitholders amidst the fluctuations in the oil and gas industry. As the backdrop of energy prices continues to evolve, stakeholders will be keenly watching future distributions to gauge the Trust’s financial trajectory.
Topics Financial Services & Investing）
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