CROSS TIMBERS ROYALTY TRUST DECLARES JUNE CASH DISTRIBUTION

Rhea-AI Summary

Cross Timbers Royalty Trust (NYSE: CRT) has declared a cash distribution of $0.035849 per unit, payable on July 15, 2025, to unitholders of record on June 30, 2025. The trust reported decreased sales volumes and prices compared to the prior month, with oil sales dropping from 13,000 to 11,000 Bbls and gas sales declining from 72,000 to 66,000 Mcf. Oil prices decreased from $67.18 to $62.83 per Bbl, while gas prices fell from $5.80 to $4.89 per Mcf. XTO Energy reported increased excess costs of $91,000 on Texas Working Interest properties, with cumulative excess costs of $4,786,000, and $72,000 on Oklahoma Working Interest properties.

Positive

• Monthly cash distribution maintained at $0.035849 per unit

Negative

• Oil sales volume decreased by 15.4% from 13,000 to 11,000 Bbls
• Gas sales volume declined by 8.3% from 72,000 to 66,000 Mcf
• Oil price dropped 6.5% from $67.18 to $62.83 per Bbl
• Gas price decreased 15.7% from $5.80 to $4.89 per Mcf
• Excess costs increased by $91,000 on Texas properties and $72,000 on Oklahoma properties

Insights

Energy Royalty Trust Analyst

CRT's June distribution of $0.035849/unit reflects declining oil/gas volumes and prices, with increasing excess costs impacting Texas and Oklahoma properties.

Cross Timbers Royalty Trust has declared its June 2025 distribution at $0.035849 per unit, payable July 15 to unitholders of record as of June 30. This distribution stems from the Trust's underlying oil and gas production, which shows concerning trends when compared to the prior month.

The data reveals production declines across both commodities, with oil volumes falling 15.4% from 13,000 to 11,000 barrels and gas volumes dropping 8.3% from 72,000 to 66,000 Mcf. Simultaneously, realized prices deteriorated, with oil prices decreasing 6.5% to $62.83 per barrel and gas prices falling more substantially by 15.7% to $4.89 per Mcf.

Of particular concern is the increase in excess costs, which represent expenses exceeding revenues on certain properties. Excess costs on Texas Working Interest properties increased by $91,000, bringing the cumulative total to $4,786,000 (including $1,281,000 in accrued interest). Additionally, Oklahoma Working Interest properties saw excess costs increase by $72,000, creating a new excess cost position where previously there might have been none.

While these excess costs didn't directly reduce the current distribution from other producing properties, they represent potential headwinds for future distributions as they must eventually be recovered before those properties can contribute to unitholder payments. The continuation of this trend could materially impact the Trust's distribution capacity in coming months.

DALLAS, June 20, 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 $0.035849 per unit, payable on July 15, 2025, to unitholders of record on June 30, 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		11,000			66,000		$62.83		$4.89
Prior Month Distribution			13,000		72,000		$67.18			$5.80

(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 $91,000 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 $4,786,000, including accrued interest of $1,281,000.

XTO Energy has advised the Trustee excess costs increased by $72,000 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 $72,000.

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-june-cash-distribution-302485543.html

SOURCE Cross Timbers Royalty Trust

FAQ

What is the CRT dividend distribution amount for June 2025?

Cross Timbers Royalty Trust declared a cash distribution of $0.035849 per unit for June 2025, payable on July 15, 2025.

When is the CRT June 2025 distribution payment date?

The distribution payment date is July 15, 2025, for unitholders of record on June 30, 2025.

How did CRT's oil and gas sales volumes change compared to the previous month?

Oil sales decreased from 13,000 to 11,000 Bbls, and gas sales declined from 72,000 to 66,000 Mcf compared to the prior month.

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

The cumulative excess costs for Texas Working Interest properties total $4,786,000, including accrued interest of $1,281,000.

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

Oil prices decreased from $67.18 to $62.83 per Bbl, and gas prices fell from $5.80 to $4.89 per Mcf.