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Cross Timbers Royalty Trust Declares Cash Distribution for April 2025

In a recent announcement, Argent Trust Company, acting as the Trustee of the Cross Timbers Royalty Trust (NYSE: CRT), disclosed a cash distribution of $0.032110 per unit for the month of April 2025. This distribution is scheduled to be paid on May 14, 2025, for those unitholders whose records were established by April 30, 2025.

Overview of Sales Volumes

The Trust's current cash distribution is structured around the sales and prices of oil and gas. According to the data provided:

• - Current Month Distribution: 12,000 barrels of oil (Bbls) and 78,000 thousand cubic feet of gas (Mcf), generating an average price of $69.99 per Bbl for oil and $5.86 per Mcf for gas.
• - In contrast, the Prior Month Distribution reflected 19,000 Bbls of oil and 97,000 Mcf of gas, with average prices standing at $73.40 per Bbl for oil and $5.05 per Mcf for gas.

These fluctuating sales volumes indicate how the Trust’s financial performance can change month to month depending on cash receipts from oil and gas sales.

Excess Costs

A notable point from the latest report is the announcement regarding the increase in excess costs applicable to Texas Working Interest net profits interests. XTO Energy, the relevant stakeholder, has notified the Trustee about an increase in excess costs by $136,000. However, these additional costs have not adversely affected the net proceeds from other conveyances. Cumulatively, the excess costs associated with these interests now total $4,567,000, inclusive of $1,223,000 in accrued interest.

Cash Reserves

As part of prudent financial management, the Trustee has opted to withhold $50,000 from this month’s distribution to augment the cash reserves account. Such measures aim to build this account to a target of $1,500,000, ensuring the Trust's financial stability and resilience against future market fluctuations. The Trustee plans to continue withholding the same amount from future distributions until the target reserve is achieved.

For those interested in additional insights about the Trust, including past distribution amounts, annual tax information, and more press releases, more details can be accessed on their official website at www.crt-crosstimbers.com.

Conclusion

The declaration of the cash distribution for April 2025 reflects the Trust's ongoing efforts to deliver value to its unitholders. As both oil and gas industries face volatile markets, the measured approach towards reserves and expenditures indicates a systemic strategy aimed at sustaining the Trust's performance over time. Unitholders are encouraged to keep abreast of these developments as they can impact future distributions.