/C O R R E C T I O N -- Cross Timbers Royalty Trust/

Rhea-AI Summary

Cross Timbers Royalty Trust (NYSE: CRT) declared a February cash distribution of $0.050060 per unit, payable March 13, 2026, to holders of record on February 27, 2026.

The release lists underlying volumes and average prices (oil: 9,000 Bbls, $55.35/Bbl; gas: 73,000 Mcf, $4.36/Mcf), notes recent increases in excess costs on Texas (+$80,000) and Oklahoma (+$262,000) working interest net profits interests, cumulative excess costs totals (Texas $5,637,000; Oklahoma $931,000), and discloses the reserve account has reached $1,500,000 so $50,000 monthly withholdings have been discontinued.

Positive

• Declared distribution of $0.050060 per unit
• Reserve account reached $1,500,000, withholding discontinued

Negative

• Texas excess costs increased by $80,000 (cumulative $5,637,000)
• Oklahoma excess costs increased by $262,000 (cumulative $931,000)

News Market Reaction

-1.04%

1 alert

-1.04% News Effect

On the day this news was published, CRT declined 1.04%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

In the news release, CROSS TIMBERS ROYALTY TRUST DECLARES FEBRUARY CASH DISTRIBUTION, issued 17-Feb-2026 by Cross Timbers Royalty Trust over PR Newswire, we are advised by the company that the "Cash Reserve" paragraph has been added to the release. The complete, corrected release follows:

CROSS TIMBERS ROYALTY TRUST DECLARES FEBRUARY CASH DISTRIBUTION

DALLAS, Feb. 17, 2026 /PRNewswire/ -- Argent Trust Company, as Trustee of the Cross Timbers Royalty Trust (the "Trust") (NYSE: CRT), today declared a cash distribution to the holders of its units of beneficial interest of $0.050060 per unit, payable on March 13, 2026, to unitholders of record on February 27, 2026. The following table shows underlying oil and gas sales and average prices attributable to the current month and prior month distributions.

		Underlying Sales
		Volumes (a)					Average Price
		Oil (Bbls)			Gas (Mcf)		Oil (per Bbl)			Gas (per Mcf)
Current Month Distribution		9,000			73,000		$55.35		$4.36
Prior Month Distribution			10,000		73,000		$57.62			$4.13
(a) Sales volumes are recorded in the month the Trust receives the related net profits income. Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.

Excess Costs
XTO Energy has advised the Trustee that excess costs increased by $80,000 on properties underlying the Texas Working Interest net profits interests. However, these excess costs did not reduce net proceeds from the remaining conveyances. Underlying cumulative excess costs remaining on the Texas Working Interest net profits interests total $5,637,000, including accrued interest of $1,532,000.

XTO Energy has advised the Trustee that excess costs increased by $262,000 on properties underlying the Oklahoma Working Interest net profits interests. However, these excess costs did not reduce net proceeds from the remaining conveyances. Underlying cumulative excess costs remaining on the Oklahoma Working Interest net profits interests total $931,000, including accrued interest of $4,000.

Cash Reserve
In accordance with Section 3.08 of the Cross Timbers Royalty Trust Indenture, the Trustee withheld $50,000 from the monthly distribution over the past ten months to increase the reserve account balance. The reserve has now reached $1,500,000, and the Trustee has discontinued the $50,000 withholding.

For more information on the Trust, including the annual tax information, distribution amounts, and historical press releases, please visit our website at www.crt-crosstimbers.com.

View original content:https://www.prnewswire.com/news-releases/cross-timbers-royalty-trust-declares-february-cash-distribution-302687648.html

SOURCE Cross Timbers Royalty Trust

FAQ

What distribution did Cross Timbers Royalty Trust (CRT) declare for February 2026?

The Trust declared a $0.050060 per unit cash distribution payable March 13, 2026. According to the company, the distribution is payable to unitholders of record on February 27, 2026 and reflects underlying monthly oil and gas receipts.

When will CRT unitholders receive the February 2026 distribution and who is eligible?

The distribution is payable on March 13, 2026 to unitholders of record on February 27, 2026. According to the company, eligibility is determined by the record date for units of beneficial interest held at that time.

What oil and gas volumes and prices underlie CRT's current month distribution?

Current month underlying volumes: 9,000 Bbls oil and 73,000 Mcf gas, with average prices of $55.35/Bbl and $4.36/Mcf. According to the company, sales volumes are recorded when the Trust receives related net profits income.

How have excess costs on CRT properties changed in February 2026?

Excess costs increased by $80,000 on Texas working interest net profits and $262,000 on Oklahoma working interest net profits. According to the company, these increases did not reduce net proceeds from the remaining conveyances.

What are the cumulative excess costs reported for CRT's Texas and Oklahoma interests?

Cumulative excess costs total $5,637,000 for Texas (including $1,532,000 accrued interest) and $931,000 for Oklahoma (including $4,000 accrued interest). According to the company, these figures reflect underlying remaining excess costs.

Why did CRT stop the $50,000 monthly withholding and what is the reserve balance?

The Trustee discontinued the $50,000 monthly withholding because the reserve account reached $1,500,000. According to the company, the Trustee had withheld $50,000 monthly for the past ten months to grow the reserve to that target.