CROSS TIMBERS ROYALTY TRUST DECLARES DECEMBER CASH DISTRIBUTION

Rhea-AI Summary

Cross Timbers Royalty Trust (NYSE: CRT) declared a cash distribution of $0.114705 per unit, payable January 15, 2026, to unitholders of record on December 31, 2025.

Underlying sales for the current month distribution show 10,000 Bbls oil and 245,000 Mcf gas with average prices of $59.39 per Bbl and $4.22 per Mcf. Prior month volumes were 14,000 Bbls oil and 50,000 Mcf gas at $60.37 per Bbl and $4.55 per Mcf. The Trustee was advised that higher current gas volumes were driven by out-of-period revenues from specified net profits interests, which increased the cash distribution.

The Trustee also reported an $108,000 increase in excess costs on Texas working interest properties; cumulative excess costs remaining total $5,458,000 including $1,467,000 accrued interest.

Positive

• Declared cash distribution of $0.114705 per unit
• Current month gas volumes increased to 245,000 Mcf
• Higher gas receipts contributed to a larger current cash distribution

Negative

• Oil volumes declined from 14,000 to 10,000 Bbls (current vs prior month)
• Excess costs rose by $108,000 on Texas working interest properties
• Cumulative excess costs remaining of $5,458,000 including $1,467,000 accrued interest

Key Figures

December distribution $0.114705 per unit Payable January 15, 2026 to holders of record on December 31, 2025

Current oil volume 10,000 Bbls Underlying oil sales for current month distribution

Current gas volume 245,000 Mcf Underlying gas sales for current month distribution

Current oil price $59.39 per Bbl Average oil price for current month distribution

Current gas price $4.22 per Mcf Average gas price for current month distribution

Excess cost increase $108,000 Increase in excess costs on Texas Working Interest net profits interests

Cumulative excess costs $5,458,000 Underlying cumulative excess costs on Texas Working Interest net profits interests

Accrued interest $1,467,000 Accrued interest included in Texas cumulative excess costs

Market Reality Check

$7.88 Last Close

Volume Volume 29,653 is 1.33x the 20-day average of 22,325, indicating elevated trading interest ahead of this distribution. normal

Technical Price at 7.34 trades below the 200-day moving average of 9.22, reflecting a longer-term downtrend into this announcement.

Peers on Argus

Several closely related names show modest declines (e.g., VOC -1.74%, USEG -3.04%, PRT -0.52%), while NRT is slightly positive at +0.62%, suggesting CRT’s move is more stock-specific than a broad royalty trust rally.

Common Catalyst At least one peer (PRT) also reported a monthly cash distribution, underscoring routine income announcements across royalty trusts.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Nov 17	Monthly distribution	Neutral	-0.6%	November cash distribution with updated oil and gas volumes and excess costs.
Oct 21	Monthly distribution	Neutral	+0.7%	October cash distribution and disclosure of cumulative excess costs.
Sep 19	Monthly distribution	Neutral	-1.9%	September cash distribution with higher oil and gas volumes reported.
Aug 19	Monthly distribution	Neutral	-0.1%	August cash distribution and rising Texas and Oklahoma excess costs.
Jul 21	Monthly distribution	Neutral	-3.2%	July cash distribution with lower volumes and incremental excess costs.

Pattern Detected

Recent monthly distribution announcements have been followed by small, often negative price moves, indicating that routine payouts and excess cost updates have not driven sustained strength.

Recent Company History

Over the last five months, Cross Timbers Royalty Trust has consistently announced monthly cash distributions, with per-unit amounts ranging from $0.013424 to $0.075205. Underlying oil volumes generally fluctuated between 9,000 and 14,000 Bbls, and gas between 47,000 and 111,000 Mcf, while cumulative Texas excess costs have trended higher. These updates frame today’s larger $0.114705 per-unit distribution and continuing emphasis on excess cost balances.

Market Pulse Summary

The stock moved +9.1% in the session following this news. A strong positive reaction aligns with the notably higher December cash distribution of $0.114705 per unit versus prior months’ levels, while underlying gas volumes reached 245,000 Mcf. However, cumulative Texas excess costs of $5,458,000, including $1,467,000 of accrued interest, have been rising. Past distribution announcements often saw mixed follow-through, so investors may have weighed payout strength against persistent excess costs.

Key Terms

units of beneficial interest financial

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

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.

net profits interests financial

"Oklahoma Working Interest net profits interests and non-operated properties"

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.

royalty interest financial

"non-operated properties in the New Mexico Royalty Interest net profits interests"

A royalty interest is a contractual right to receive a portion of revenue or production from an asset—such as a mine, oil well, patent, or drug—without owning or operating the underlying business. Investors value royalties because they provide a form of passive, often predictable cash flow that depends on how much the asset produces and the price it commands; think of it as collecting rent on someone else’s income-producing property, with returns tied to output and market prices.

excess costs financial

"excess costs increased by $108,000 on properties underlying the Texas Working"

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.

non-operated properties technical

"out of period revenues attributable to the Hewitt Unit in the Oklahoma Working Interest net profits interests and non-operated properties"

Non-operated properties are assets in which a company owns a stake but is not responsible for running day-to-day operations; another party manages production, maintenance, and spending. For investors, these holdings offer exposure to revenue and profits without the operational burden, but they also carry less control, greater reliance on the operator’s competence and transparency, and different risk-return dynamics—like being a landlord who collects rent but does not run the tenant’s business.

AI-generated analysis. Not financial advice.

DALLAS, Dec. 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 $0.114705 per unit, payable on January 15, 2026, to unitholders of record on December 31, 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			245,000		$59.39		$4.22
Prior Month Distribution			14,000		50,000		$60.37			$4.55
(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.

Current Month Distribution
XTO Energy has advised the Trustee that gas volumes increased from prior month primarily due to out of period revenues attributable to the Hewitt Unit in the Oklahoma Working Interest net profits interests and non-operated properties in the New Mexico Royalty Interest net profits interests. This contributed to a higher cash distribution in the current month.

Excess Costs
XTO Energy has advised the Trustee that excess costs increased by $108,000 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 $5,458,000, including accrued interest of $1,467,000.

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-december-cash-distribution-302647003.html

SOURCE Cross Timbers Royalty Trust

FAQ

What distribution did Cross Timbers Royalty Trust (CRT) declare on December 19, 2025?

The Trust declared a cash distribution of $0.114705 per unit, payable January 15, 2026, to holders of record December 31, 2025.

How did CRT oil and gas volumes for the current month compare to the prior month?

Current month volumes were 10,000 Bbls oil and 245,000 Mcf gas, versus prior month 14,000 Bbls oil and 50,000 Mcf gas.

Why did CRT's current month distribution increase for December 2025?

The Trustee was advised that increased gas volumes from out-of-period revenues on specified net profits interests contributed to a higher cash distribution.

What excess cost disclosure did Cross Timbers Royalty Trust report on December 19, 2025?

Excess costs increased by $108,000 on Texas working interest properties; cumulative excess costs remaining total $5,458,000 including $1,467,000 accrued interest.

When will CRT unitholders receive the declared December 2025 cash distribution?

Payment is scheduled for January 15, 2026 to unitholders of record on December 31, 2025.