CROSS TIMBERS ROYALTY TRUST DECLARES JANUARY CASH DISTRIBUTION

Rhea-AI Summary

Cross Timbers Royalty Trust (NYSE: CRT) declared a cash distribution of $0.032918 per unit, payable February 13, 2026, to unitholders of record on January 30, 2026. The Trust reported underlying oil sales of 10,000 Bbls for the current and prior month and gas sales of 73,000 Mcf (current) versus 245,000 Mcf (prior). Average realized prices were $57.62 per Bbl for oil and $4.13 per Mcf for gas in the current month.

XTO Energy advised that out-of-period gas revenues raised the prior month distribution. Reported increases in excess costs: $35,000 on Texas working interest properties and $666,000 on Oklahoma working interest properties. Cumulative excess costs stated: $5,526,000 on Texas (including $1,500,000 accrued interest) and $666,000 on Oklahoma.

Positive

• Declared cash distribution of $0.032918 per unit payable Feb 13, 2026
• Stable oil sales of 10,000 Bbls month-over-month
• Current month oil price of $57.62 per Bbl

Negative

• Gas sales declined from 245,000 Mcf to 73,000 Mcf between distributions
• Cumulative excess costs on Texas working interests of $5,526,000 including $1,500,000 accrued interest
• Excess costs increased by $666,000 on Oklahoma working interests

News Market Reaction

+4.59%

1 alert

+4.59% News Effect

On the day this news was published, CRT gained 4.59%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

January distribution: $0.032918 per unit Current oil volume: 10,000 Bbls Current gas volume: 73,000 Mcf +5 more

8 metrics

January distribution $0.032918 per unit Payable February 13, 2026 to holders of record January 30, 2026

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

Current gas volume 73,000 Mcf Underlying sales for current month distribution

Prior gas volume 245,000 Mcf Underlying sales for prior month distribution

Oil price current $57.62 per Bbl Average oil price for current month distribution

Gas price current $4.13 per Mcf Average gas price for current month distribution

TX excess cost increase $35,000 Increase on Texas Working Interest net profits interests

TX cumulative excess costs $5,526,000 Texas Working Interest, including $1,500,000 accrued interest

Market Reality Check

Price: $8.57 Vol: Volume 29,211 vs 20-day a...

normal vol

$8.57 Last Close

Volume Volume 29,211 vs 20-day average of 29,621 units. normal

Technical Price $8.27 is trading below the $8.91 200-day moving average.

Peers on Argus

CRT gained 0.61% ahead of this distribution update while several peers (PRT, VOC...

CRT gained 0.61% ahead of this distribution update while several peers (PRT, VOC, NRT, INDO, USEG) also showed positive moves between 0.66% and 4%, but momentum scanners did not flag a coordinated sector move.

Common Catalyst Peer PermRock Royalty Trust also reported a monthly cash distribution, suggesting routine royalty-trust payout news across the group.

Historical Context

5 past events · Latest: Dec 19 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 19	Monthly distribution	Positive	+9.1%	Higher gas volumes and out-of-period revenues lifted December distribution.
Nov 17	Monthly distribution	Neutral	-0.6%	Routine November payout with modest volumes and higher excess costs.
Oct 21	Monthly distribution	Neutral	+0.7%	October distribution with detailed volume and price metrics disclosed.
Sep 19	Monthly distribution	Neutral	-1.9%	September payout alongside higher volumes and rising Texas excess costs.
Aug 19	Monthly distribution	Neutral	-0.1%	Small August distribution with increased volumes but higher excess costs.

Pattern Detected

Monthly distribution announcements have produced mixed reactions, with slightly more negative than positive moves over the last five events.

Recent Company History

Over the last five months, Cross Timbers Royalty Trust has consistently issued monthly cash distribution announcements, with per‑unit payouts ranging from $0.013424 (August) to $0.114705 (December). These releases often highlighted changing oil and gas volumes, shifting realized prices, and steadily rising cumulative excess costs on Texas and Oklahoma working interest properties, which reached over $5.4M on Texas by Dec 19, 2025. The current January declaration of $0.032918 per unit follows a prior month boosted by out‑of‑period gas revenues and higher volumes.

Market Pulse Summary

This announcement details a January cash distribution of $0.032918 per unit, payable on February 13,...

Analysis

This announcement details a January cash distribution of $0.032918 per unit, payable on February 13, 2026, with record date January 30, 2026. Underlying current‑month volumes were 10,000 Bbls of oil and 73,000 Mcf of gas at average prices of $57.62/Bbl and $4.13/Mcf. The prior month benefited from 245,000 Mcf of gas and out‑of‑period revenues. Investors may watch how rising cumulative excess costs, including $5,526,000 on Texas interests, influence future distributable income.

Key Terms

units of beneficial interest, net profits interests, excess costs

3 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.

excess costs financial

"excess costs increased by $35,000 on properties underlying the Texas Working Interest"

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. Not financial advice.

DALLAS, Jan. 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 $0.032918 per unit, payable on February 13, 2026, to unitholders of record on January 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		10,000			73,000		$57.62		$4.13
Prior Month Distribution			10,000		245,000		$59.39			$4.22
(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.

Prior Month Distribution
XTO Energy has advised the Trustee that out of period gas 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 contributed to a higher cash distribution in the prior month.

Excess Costs
XTO Energy has advised the Trustee that excess costs increased by $35,000 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 $5,526,000, including accrued interest of $1,500,000.

XTO Energy has advised the Trustee that excess costs increased by $666,000 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 $666,000.

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-january-cash-distribution-302663045.html

SOURCE Cross Timbers Royalty Trust

FAQ

What distribution did Cross Timbers Royalty Trust (CRT) declare on January 20, 2026?

The Trust declared a cash distribution of $0.032918 per unit, payable February 13, 2026 to holders of record January 30, 2026.

How did CRT's oil and gas volumes compare for the current and prior month distributions?

Oil sales were 10,000 Bbls in both months; gas sales fell from 245,000 Mcf (prior) to 73,000 Mcf (current).

What average commodity prices did CRT report for the current month distribution?

The Trust reported average oil price of $57.62 per Bbl and average gas price of $4.13 per Mcf for the current month.

What excess cost changes did Cross Timbers report in the January 2026 release?

Excess costs increased by $35,000 on Texas working interests and by $666,000 on Oklahoma working interests.

What are the cumulative excess costs reported for CRT's working interests?

Cumulative excess costs disclosed were $5,526,000 for Texas (including $1,500,000 accrued interest) and $666,000 for Oklahoma.