CROSS TIMBERS ROYALTY TRUST DECLARES AUGUST CASH DISTRIBUTION

Rhea-AI Summary

Cross Timbers Royalty Trust (NYSE:CRT) has declared a cash distribution of $0.013424 per unit for August, payable on September 15, 2025, to unitholders of record on August 29, 2025.

The Trust reported increased oil and gas sales volumes, with oil sales rising to 10,000 Bbls (up from 9,000) at $62.10 per Bbl (up from $60.88), while gas sales increased to 49,000 Mcf (up from 47,000) at $3.62 per Mcf (down from $4.84).

Excess costs increased by $112,000 on Texas Working Interest properties (total: $4.97M) and by $84,000 on Oklahoma Working Interest properties (total: $118,000).

Positive

• Oil sales volume increased by 11.1% to 10,000 Bbls
• Oil price improved to $62.10 per Bbl from $60.88
• Gas sales volume grew by 4.3% to 49,000 Mcf

Negative

• Gas price declined significantly to $3.62 per Mcf from $4.84
• Excess costs increased by $112,000 on Texas Working Interest properties
• Excess costs increased by $84,000 on Oklahoma Working Interest properties
• Low distribution amount of $0.013424 per unit

Insights

Energy Royalty Trust Analyst

CRT declares modest $0.013424 per unit August distribution amid mixed oil/gas price dynamics and ongoing excess cost challenges.

Cross Timbers Royalty Trust has declared its August distribution of $0.013424 per unit, payable September 15th to unitholders of record as of August 29th. The distribution comes amid moderately improved operational metrics, with underlying oil sales volumes increasing 11.1% from 9,000 to 10,000 barrels and gas volumes rising 4.3% from 47,000 to 49,000 Mcf compared to the prior month.

Price dynamics show a mixed picture: oil prices improved slightly by 2.0% to $62.10 per barrel, while natural gas prices declined significantly by 25.2% to $3.62 per Mcf. This gas price reduction likely offset some of the volume gains, affecting the overall distribution amount.

More concerning for long-term performance are the persistent excess cost issues. The Texas Working Interest properties saw excess costs increase by $112,000, bringing cumulative excess costs to $4,967,000 including $1,341,000 in accrued interest. Similarly, Oklahoma Working Interest properties experienced an $84,000 increase in excess costs, with cumulative excess costs now at $118,000 including $654 in accrued interest.

These ongoing excess costs, while not reducing net proceeds from remaining conveyances in this period, represent continuing operational challenges that could constrain future distribution growth. The substantial accumulated excess costs in Texas properties, in particular, suggest a prolonged recovery timeline before these properties might contribute meaningfully to distributable income again.

Dallas, Aug. 19, 2025 /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 $0.013424 per unit, payable on September 15, 2025, to unitholders of record on August 29, 2025. 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		10,000			49,000		$62.10		$3.62
Prior Month Distribution			9,000		47,000		$60.88			$4.84

(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 $112,000 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 $4,967,000, including accrued interest of $1,341,000.

            XTO Energy has advised the Trustee that excess costs increased by $84,000 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 $118,000, including accrued interest of $654.

            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-august-cash-distribution-302532818.html

SOURCE Cross Timbers Royalty Trust

FAQ

What is the CRT dividend distribution amount for August 2025?

Cross Timbers Royalty Trust declared a distribution of $0.013424 per unit, payable on September 15, 2025, to unitholders of record on August 29, 2025.

How did Cross Timbers Royalty Trust's oil and gas sales volumes change in the latest report?

Oil sales increased to 10,000 Bbls from 9,000 Bbls, and gas sales rose to 49,000 Mcf from 47,000 Mcf.

What are the current excess costs for CRT's Texas Working Interest properties?

The cumulative excess costs for Texas Working Interest properties total $4,967,000, including accrued interest of $1,341,000.

How have CRT's oil and gas prices changed in the latest distribution period?

Oil prices increased to $62.10 per Bbl from $60.88, while gas prices decreased to $3.62 per Mcf from $4.84.

When is the record date for CRT's August 2025 distribution?

The record date for Cross Timbers Royalty Trust's August 2025 distribution is August 29, 2025.