#USA #Dallas #Cross Timbers #Royalty Trust #Argent Trust

Cross Timbers Royalty Trust Declares Cash Distribution for June 2025

On June 20, 2025, Argent Trust Company, acting as the Trustee for the Cross Timbers Royalty Trust (NYSE: CRT), announced a cash distribution for its unitholders. The declared distribution is valued at $0.035849 per unit and is set to be disbursed on July 15, 2025. This payment will be allocated to those holding units as of June 30, 2025.

Revenue and Sales Performance

This announcement comes on the heels of significant sales activity in the trust's oil and gas operations. For the current month, the Trust reported:

• - 11,000 barrels of oil sold
• - 66,000 thousand cubic feet (Mcf) of gas sold
• - An average price of $62.83 per barrel for oil and $4.89 per Mcf for gas.

In comparison, the prior month’s figures showed higher sales volumes, including 13,000 barrels of oil and 72,000 Mcf of gas, with respective average prices of $67.18 per barrel for oil and $5.80 per Mcf for gas. The fluctuations in sales volumes are attributed to the timing of cash receipts, which can vary monthly based on operational activities.

Impact of Excess Costs

The report also underscores an increase in excess costs related to the properties managed under the Trust. XTO Energy, the entity managing production, informed the Trustee that excess costs rose by $91,000 for properties in Texas. Moreover, cumulative excess costs for the Texas Working Interest net profits interests now total $4,786,000, which includes accrued interest of $1,281,000.

Likewise, for Oklahoma properties, XTO Energy noted an increase of $72,000 in excess costs. However, these additional costs did not affect the net proceeds of existing financial arrangements.

Future Outlook

As the Cross Timbers Royalty Trust continues to navigate through variable market conditions, both the Trust and its unitholders remain optimistic about future distributions. The detailed financials and the significant role of oil and gas prices underscore the Trust's performance and potential stability in cash distributions going forward.

For more insights, past press releases, and annual tax information related to the Cross Timbers Royalty Trust, interested parties are encouraged to visit their official website at www.crt-crosstimbers.com. This proactive communication reflects the Trust's commitment to transparency and shareholder engagement.

As a trustee-managed entity, Cross Timbers Royalty Trust provides unitholders an opportunity to benefit from royalty interests in oil and gas properties, ensuring that interested investments are well-informed about their financial positions and distributions.