Cross Timbers Royalty Trust Announces Distribution Details for March 2026
Cross Timbers Royalty Trust Cash Distribution Announcement
On March 20, 2026, Argent Trust Company acting as Trustee of the Cross Timbers Royalty Trust (Ticker: CRT), declared a cash distribution for its unit holders. This announcement reveals an amount of $0.000923 per unit, which is set to be payable on April 14, 2026. The distribution is directed towards owners who hold units as of the record date March 31, 2026.
Underlying Sales Insights
The Trust's recent distribution is impacted by current oil and gas sales, volumes, and average prices, as detailed in the following table:
| Sales Information | Current Month | Prior Month |
|---|---|---|
| ----- | --- | --- |
| Oil (Bbls) | 10,000 | 9,000 |
| Gas (Mcf) | 39,000 | 73,000 |
| Oil Price (per Bbl) | $56.83 | $55.35 |
| Gas Price (per Mcf) | $4.30 | $4.36 |
Notably, the sales volumes may fluctuate each month due to the timing of cash receipts. This means the Trust’s distribution reflects the income received in the corresponding month, revealing a monthly variance in figures.
Impact of Excess Costs
Additionally, XTO Energy communicated that excess costs associated with properties under the Texas Working Interest have risen by $95,000. However, good news follows as these excess costs did not inhibit the net proceeds from other conveyances. Presently, the total underlying cumulative excess costs for the Texas Working Interest stands at $5,762,000, inclusive of accrued interest totaling $1,561,000.
Conversely, the Oklahoma Working Interest has a different narrative. XTO reported a recovery of $39,000 in excess costs from its Oklahoma holdings. Despite this recovery, there remain no proceeds to allocate for inclusion in the current distribution, with the cumulative excess costs still being $897,000, plus accrued interest of $9,000.
Conclusion
For those interested in detailed financial information, including annual tax data, historical distributions, and related press releases, it’s advisable to visit www.crt-crosstimbers.com. This site serves as a pivotal resource for unitholders and potential investors seeking deeper insights into the Trust’s performance and its financial intricacies.
By staying informed about these distributions, both existing and prospective investors can strategize their investment plans accordingly, ensuring they make educated decisions based on thorough knowledge of the Trust’s fiscal health.
Topics Financial Services & Investing）
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