Cross Timbers Royalty Trust Announces June Cash Distribution Details
Cross Timbers Royalty Trust Declares June 2026 Cash Distribution
On June 18, 2026, Argent Trust Company, acting as the Trustee for the Cross Timbers Royalty Trust (listed on the NYSE as CRT), announced a significant cash distribution to unit holders. The declared amount is $0.044186 for each unit of beneficial interest, with payments scheduled for July 15, 2026. This distribution is notable for unitholders of record by June 30, 2026.
Distribution Breakdown
The cash distribution is influenced by the Trust's revenue from oil and gas sales during the preceding month. The summary of both the current and the prior month's sales figures is as follows:
| Sales Type | Current Month (June) | Previous Month (May) |
|---|---|---|
| :---: | :----: | :-----: |
| Oil (Bbls) | 9,000 | 10,000 |
| Gas (Mcf) | 27,000 | 47,000 |
| Average Oil Price (per Bbl) | $88.05 | $77.14 |
| Average Gas Price (per Mcf) | $4.30 | $4.98 |
The Trust's revenue varies monthly due to the timing of net profits income, resulting in fluctuations in sales volumes.
Cost Factors
In a recent advisory, XTO Energy informed the Trustee about a rise in excess costs that increased by $25,000 on the properties associated with Texas Working Interest net profits interests. Notably, these excess costs, totaling $5,951,000 with $1,660,000 in accrued interest, did not diminish the net proceeds from this month’s distributions. Meanwhile, in Oklahoma, $136,000 in excess costs was recovered, but no further proceeds remain from the Oklahoma Working Interest properties to affect the current distribution. Cumulative excess costs in this region are noted at $842,000 with accrued interest of $25,000.
Looking Ahead
The announcement provides valuable insights for investors and stakeholders looking to understand the Trust's financial dynamics and distribution strategies. The Trust encourages unitholders to stay informed and engaged by visiting their website for updates, including annual tax information and detailed historical press releases.
For more information, please refer to the official site at www.crt-crosstimbers.com. This platform continues to provide transparency about developments impacting investors as the Trust progresses through its operational timeline.
In summary, the June cash distribution marks another milestone for the Cross Timbers Royalty Trust and reflects the ongoing management efforts to navigate the complexities of oil and gas market conditions.
— Source: Cross Timbers Royalty Trust
Topics Financial Services & Investing）
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