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Cross Timbers Royalty Trust Declares May Cash Distribution

The Cross Timbers Royalty Trust (NYSE: CRT), managed by Argent Trust Company, has officially announced a cash distribution for May. Unitholders can expect to receive $0.029624 per unit, to be paid on June 12, 2026. This distribution is designed for holders of record by May 29, 2026.

Breakdown of Sales Data

The distribution is backed by a foundational analysis of the Trust’s underlying oil and gas sales. In the current month, sales figures show:

• - Oil Sales: 10,000 barrels (Bbls)
• - Gas Sales: 47,000 thousand cubic feet (Mcf)
• - Average Price for Oil: $77.14 per Bbl
• - Average Price for Gas: $4.98 per Mcf

In comparison, the previous month reflected:

• - Oil Sales: 17,000 Bbls
• - Gas Sales: 121,000 Mcf
• - Average Price for Oil: $58.93 per Bbl
• - Average Price for Gas: $4.83 per Mcf

The difference in volumes and prices is attributed to fluctuating market conditions and the timing of cash receipts. It is important to note that these figures can vary month-to-month based on market fluctuations.

Excess Costs and Recovery

In addition to the cash distribution, there were updates regarding recovery of excess costs associated with the properties tied to the Trust. XTO Energy, the operator of certain properties, has indicated a recovery of excess costs:

• - For Texas Working Interests, $3,000 was recovered this month. However, there are no further proceeds from these properties available for inclusion in this month’s distribution. The cumulative excess costs from these properties now stand at $5,893,000, with accrued interest amounting to $1,626,000.
• - Similarly, for the Oklahoma Working Interests, $52,000 was recovered, but again, no further proceeds are available. The cumulative excess costs here total $972,000, including accrued interest of $19,000.

Both recoveries highlight the ongoing financial management considerations for the Trust, particularly in light of operational costs and market conditions.

Looking Ahead

As stakeholders await the upcoming distribution, further details about the Trust, including annual tax information and historical distributions, can be found on their official website, www.crt-crosstimbers.com.

This announcement not only informs unitholders of their upcoming distribution but also underscores the complexities involved in managing trust-related assets in fluctuating oil and gas markets. As such, monitoring these trends remains crucial for unitholders and investors alike as they strategize for the future.

Stay tuned for more updates on Cross Timbers Royalty Trust's managing strategies and upcoming distributions as they evolve in this dynamic energy landscape.