CROSS TIMBERS ROYALTY TRUST DECLARES APRIL CASH DISTRIBUTION

Rhea-AI Summary

Cross Timbers Royalty Trust (NYSE: CRT) declared an April cash distribution of $0.069720 per unit, payable May 14, 2026, to unitholders of record on April 30, 2026. Underlying oil and gas volumes rose month-over-month, while cumulative excess costs on Texas and Oklahoma working interest NPI remain disclosed.

Oil volumes were 17,000 Bbls and gas 121,000 Mcf for the current month; prior month volumes were 10,000 Bbls and 39,000 Mcf. Texas excess costs total $5,863,000 (including $1,594,000 interest); Oklahoma excess costs total $1,019,000 (including $14,000 interest).

Positive

• Declared distribution of $0.069720 per unit payable May 14, 2026
• Oil volumes increased to 17,000 Bbls (from 10,000 prior month)
• Gas volumes increased to 121,000 Mcf (from 39,000 prior month)

Negative

• Cumulative Texas excess costs of $5,863,000 (includes $1,594,000 interest)
• Cumulative Oklahoma excess costs of $1,019,000 (includes $14,000 interest)

News Market Reaction – CRT

+0.76%

+0.76% Session close to close

In the Apr 20 session, CRT gained 0.76%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details an April cash distribution of $0.069720 per unit, supported by higher unde...

Analysis

This announcement details an April cash distribution of $0.069720 per unit, supported by higher underlying oil and gas volumes and modestly stronger realized prices. It also highlights continued increases in excess costs on both Texas and Oklahoma working interest net profits interests, with cumulative balances now in the millions of dollars. Recent history shows that similar monthly updates can lead to varied price responses, so investors may focus on future changes in excess costs, commodity prices, and distribution levels over time.

Key Figures

April distribution: $0.069720 per unit Payable date: May 14, 2026 Record date: April 30, 2026 +5 more

8 metrics

April distribution $0.069720 per unit Declared for April, payable May 14, 2026

Payable date May 14, 2026 Payment date for April cash distribution

Record date April 30, 2026 Unitholders of record for April distribution

Current oil volume 17,000 Bbls Underlying oil sales for current month distribution

Current gas volume 121,000 Mcf Underlying gas sales for current month distribution

Current oil price $58.93 per Bbl Average oil price for current month distribution

Texas excess cost increase $69,000 Increase on Texas Working Interest net profits interests

Oklahoma excess cost increase $116,000 Increase on Oklahoma Working Interest net profits interests

Historical Context

5 past events · Latest: Mar 20 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Mar 20	Monthly distribution	Neutral	-2.2%	Declared March cash distribution with underlying volumes and excess cost updates.
Feb 17	Monthly distribution	Neutral	-1.0%	Declared February distribution and noted higher excess costs on working interests.
Feb 17	Correction filing	Neutral	-1.0%	Corrected February distribution details, including volumes, prices, and excess costs.
Jan 20	Monthly distribution	Neutral	+4.6%	Declared January distribution with updated sales volumes and excess cost changes.
Dec 19	Monthly distribution	Neutral	+9.1%	Declared December distribution with higher gas volumes and Texas excess costs.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent monthly distribution announcements have produced mixed reactions, with prior moves ranging from -2.21% to +9.13% following similar news.

Recent Company History

Over the last several months, CROSS TIMBERS ROYALTY TRUST has repeatedly announced routine monthly cash distributions, with per‑unit payments ranging from $0.032918 to $0.114705 and varying underlying oil and gas volumes and prices. These releases also detail ongoing excess cost dynamics on Texas and Oklahoma working interest properties. Price reactions have been mixed: some distribution announcements saw declines of 1–2%, while others, such as the December and January updates, coincided with gains of 4.59% and 9.13%, indicating no consistent one-direction pattern around these updates.

Key Terms

units of beneficial interest, bbls, mcf, net profits interests, +1 more

5 terms

units of beneficial interest financial

"declared a cash distribution to the holders of its units of beneficial interest of $0.069720"

Units of beneficial interest are pieces of ownership in a trust, fund, or pooled investment that give the holder a right to a share of the assets and income without holding the underlying property directly. Think of them as slices of a pie that entitle you to future slices of profit or distributions; investors care because these units determine how returns, risks, voting rights, and tax treatment are allocated and how easily you can buy or sell your stake.

bbls technical

"Oil (Bbls) | | Gas (Mcf) | | Oil (per Bbl) | | Gas (per Mcf)"

bbls stands for barrels, a standard unit used to measure crude oil and other petroleum products (one oil barrel = 42 US gallons or about 159 liters). Investors watch bbls because production volumes, inventory levels and sales are expressed in barrels, and changes in those numbers directly affect revenue, commodity supply and pricing; think of bbls like cartons for milk that tell you how much product a company has or sells.

mcf technical

"Oil (Bbls) | | Gas (Mcf) | | Oil (per Bbl) | | Gas (per Mcf)"

Mcf stands for thousand cubic feet and is a standard unit used to measure natural gas volume. For investors, Mcf translates physical gas production or consumption into a metric that directly affects revenue and valuation—think of it as counting liters of fuel your car used, where higher Mcf usually means more product to sell or higher costs to buy, and changes can signal shifts in supply, demand, or profitability.

net profits interests financial

"properties underlying the Texas Working Interest net profits interests."

A net profits interest is a non‑operating claim on the earnings from a specific asset (commonly oil, gas, or mineral production) that pays its holder a percentage of the money left over after production revenues and agreed costs are deducted. Think of it like owning a share of the profits from a single project without running it; payouts can be attractive but fluctuate with output and expenses, so investors use NPIs to gain income exposure while avoiding operating responsibilities.

excess costs financial

"XTO Energy has advised the Trustee that excess costs increased by $69,000"

Excess costs are expenses a company incurs that are above its normal or expected operating costs—unexpected charges, one-time losses, or spending beyond budget, like a household suddenly paying for major repairs. They matter to investors because they can temporarily or permanently reduce profits and cash flow, and frequent or large excess costs may signal operational problems or higher risk, helping investors decide whether a profit hit is a short-term anomaly or a lasting issue.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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DALLAS, April 20, 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 $0.069720 per unit, payable on May 14, 2026, to unitholders of record on April 30, 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		17,000			121,000		$58.93		$4.83
Prior Month Distribution			10,000		39,000		$56.83			$4.30
(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 $69,000 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 $5,863,000, including accrued interest of $1,594,000.

XTO Energy has advised the Trustee that excess costs increased by $116,000 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 $1,019,000, including accrued interest of $14,000.

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-april-cash-distribution-302746294.html

SOURCE Cross Timbers Royalty Trust

FAQ

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

The Trust declared a $0.069720 per unit cash distribution for April 2026. According to the company, the payment is payable on May 14, 2026 to holders of record as of April 30, 2026.

When will CRT unitholders receive the April 2026 cash distribution?

Unitholders will receive the April distribution on May 14, 2026. According to the company, the record date for eligibility was April 30, 2026 and the payment will be made to holders of record.

How did oil and gas volumes change for the CRT current month distribution?

Oil volumes rose to 17,000 Bbls and gas to 121,000 Mcf for the current month. According to the company, prior month volumes were 10,000 Bbls oil and 39,000 Mcf gas.

What excess costs did CRT report for Texas working interest net profits interests?

Underlying cumulative excess costs for Texas total $5,863,000, including $1,594,000 accrued interest. According to the company, excess costs increased by $69,000 during the reporting period.

What excess costs did CRT report for Oklahoma working interest net profits interests?

Underlying cumulative excess costs for Oklahoma total $1,019,000, including $14,000 accrued interest. According to the company, excess costs increased by $116,000 during the reporting period.