CROSS TIMBERS ROYALTY TRUST DECLARES JUNE CASH DISTRIBUTION

Cross Timbers Royalty Trust (NYSE: CRT) declared a June cash distribution of $0.044186 per unit, payable July 15, 2026 to unitholders of record on June 30, 2026.

Rhea-AI Summary

Cross Timbers Royalty Trust (NYSE: CRT) declared a June cash distribution of $0.044186 per unit, payable July 15, 2026 to unitholders of record on June 30, 2026.

Current month underlying sales were 9,000 Bbls of oil and 27,000 Mcf of gas, at average prices of $88.05/Bbl and $4.30/Mcf.

Texas Working Interest excess costs rose by $25,000 to cumulative $5,951,000, while Oklahoma Working Interest excess costs fell by $136,000 but still totaled $842,000, leaving no Oklahoma proceeds in this distribution.

Positive

• June cash distribution of $0.044186 per unit declared
• Distribution payable on July 15, 2026 with record date June 30, 2026
• Current month underlying oil sales of 9,000 Bbls and gas sales of 27,000 Mcf
• Average realized prices of $88.05 per Bbl for oil and $4.30 per Mcf for gas

Negative

• Texas Working Interest cumulative excess costs at $5,951,000, including $1,660,000 interest
• Oklahoma Working Interest cumulative excess costs at $842,000, including $25,000 interest
• Increase of $25,000 in Texas Working Interest excess costs this period
• Despite $136,000 excess cost recovery, Oklahoma properties provided no proceeds for this month’s distribution

Argus Jun 18 session

-5.20% close to close Open Argus

Details

News Market Reaction – CRT

In the Jun 18 session, CRT declined 5.20%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved -5.2% in the session following this news. A negative reaction despite positive cash ...

Analysis

The stock moved -5.2% in the session following this news. A negative reaction despite positive cash distribution news would fit the pattern of prior announcements, where units often traded lower, and could reflect concern over cumulative excess costs of about $5.951M in Texas and $0.842M in Oklahoma.

Key Figures

June distribution: $0.044186 per unit Current oil volume: 9,000 Bbls Current gas volume: 27,000 Mcf +5 more

June distribution

$0.044186 per unit

Payable July 15, 2026; record date June 30, 2026

Current oil volume

9,000 Bbls

Underlying sales for current month distribution

Current gas volume

27,000 Mcf

Underlying sales for current month distribution

Current oil price

$88.05 per Bbl

Average price for current month underlying oil sales

Texas excess costs total

$5,951,000

Cumulative excess costs on Texas Working Interest NPIs, incl. $1,660,000 interest

Oklahoma excess costs total

$842,000

Cumulative excess costs on Oklahoma Working Interest NPIs, incl. $25,000 interest

Oklahoma excess costs recovered

$136,000

Recovered on Oklahoma Working Interest net profits interests this month

Texas excess costs increase

$25,000

Increase in excess costs on Texas Working Interest net profits interests

Historical Context

5 past events · Latest: May 18

5 events

1. May 18

   Monthly distribution

   24h Move

   -1.5%

   Declared May cash distribution with detailed underlying volumes and prices.

2. Apr 20

   Monthly distribution

   24h Move

   +0.8%

   Announced April distribution reflecting higher oil and gas sales volumes.

3. Mar 20

   Monthly distribution

   24h Move

   -2.2%

   Declared March cash distribution with continued excess cost overhang.

4. Feb 17

   Monthly distribution

   24h Move

   -1.0%

   Initial February distribution announcement with higher excess costs disclosed.

5. Feb 17

   Correction filing

   24h Move

   -1.0%

   Corrected February distribution details including volumes, prices, and excess costs.

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

Key Terms

units of beneficial interest, net profits interests, excess costs, accrued interest, +1 more

5 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

"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 $25,000"

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.

accrued interest financial

"including accrued interest of $1,660,000"

Accrued interest is the amount of interest that has built up on a loan, bond, or similar investment since the last payment date but has not yet been paid. For investors this matters because when you buy or sell a fixed‑income security between payment dates you compensate the other party for that earned interest—think of it like buying a house mid‑month and reimbursing the seller for days of heating already used—so it affects the actual cash you pay, the yield you receive, and short‑term returns.

mcf technical

"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.

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

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DALLAS, June 18, 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 $0.044186 per unit, payable on July 15, 2026, to unitholders of record on June 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		9,000			27,000		$88.05		$4.30
Prior Month Distribution			10,000		47,000		$77.14			$4.98

(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 $25,000 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 $5,951,000, including accrued interest of $1,660,000.

XTO Energy has advised the Trustee that $136,000 of excess costs were recovered on properties underlying the Oklahoma Working Interest net profits interests. However, after the partial recovery, there were no remaining proceeds from the properties underlying the Oklahoma Working Interest net profits interests to be included in this month's distribution. Underlying cumulative excess costs remaining on the Oklahoma Working Interest net profits interests total $842,000, including accrued interest of $25,000.

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-302802934.html

SOURCE Cross Timbers Royalty Trust

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the June 2026 cash distribution for Cross Timbers Royalty Trust (CRT)?

The June 2026 cash distribution for Cross Timbers Royalty Trust is $0.044186 per unit. According to the Trust, this distribution reflects underlying oil and gas net profits and will be paid to unitholders of record as of June 30, 2026.

When will Cross Timbers Royalty Trust (CRT) pay the June 2026 distribution?

The June 2026 CRT distribution will be paid on July 15, 2026. According to Cross Timbers Royalty Trust, unitholders must be on record by June 30, 2026 to receive the cash distribution of $0.044186 per unit.

What were the underlying oil and gas volumes for CRT’s current June 2026 distribution?

For the current distribution, underlying sales were 9,000 Bbls of oil and 27,000 Mcf of gas. According to the Trust, average realized prices were $88.05 per Bbl for oil and $4.30 per Mcf for gas.

How did excess costs on Texas Working Interest properties affect CRT’s June 2026 distribution?

Texas Working Interest excess costs increased by $25,000, reaching $5,951,000 including interest. According to Cross Timbers Royalty Trust, these excess costs did not eliminate net proceeds from other conveyances included in the June 2026 cash distribution.

What is the status of Oklahoma Working Interest excess costs for CRT in June 2026?

Oklahoma Working Interest excess costs were reduced by $136,000 but remained at $842,000 including interest. According to the Trust, after this partial recovery there were no proceeds from these Oklahoma properties in the June 2026 distribution.

Why can CRT’s reported sales volumes fluctuate between distributions?

Sales volumes may fluctuate because they are recorded when the Trust receives related net profits income. According to Cross Timbers Royalty Trust, timing of cash receipts can shift oil and gas volumes reported for one month’s distribution versus another.