CROSS TIMBERS ROYALTY TRUST DECLARES MARCH CASH DISTRIBUTION

Cross Timbers Royalty Trust (NYSE: CRT) has announced its March 2025 cash distribution of $0.156725 per unit, scheduled for payment on April 14, 2025, to unitholders of record as of March 31, 2025.

Rhea-AI Summary

Cross Timbers Royalty Trust (NYSE: CRT) has announced its March 2025 cash distribution of $0.156725 per unit, scheduled for payment on April 14, 2025, to unitholders of record as of March 31, 2025.

The Trust reported that XTO Energy has informed about an $82,000 increase in excess costs on properties underlying the Texas Working Interest net profits interests. These excess costs did not impact net proceeds from other conveyances. The underlying cumulative excess costs for the Texas Working Interest net profits interests now stand at $4,403,000, which includes accrued interest of $1,195,000.

Positive

• Distribution maintained at $0.156725 per unit

Negative

• Excess costs increased by $82,000 on Texas Working Interest properties
• High cumulative excess costs of $4.4M including $1.2M in accrued interest

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DALLAS, March 21, 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 $0.156725 per unit, payable on April 14, 2025, to unitholders of record on March 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		19,000			97,000		$73.40		$5.05
	Prior Month Distribution			12,000		90,000		$68.15			$3.51
(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 $82,000 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 $4,403,000, including accrued interest of $1,195,000.

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-march-cash-distribution-302405307.html

SOURCE Cross Timbers Royalty Trust

FAQ

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

What is the March 2025 distribution amount for Cross Timbers Royalty Trust (CRT)?

Cross Timbers Royalty Trust (CRT) declared a distribution of $0.156725 per unit for March 2025.

When will CRT's March 2025 distribution be paid to unitholders?

The distribution will be paid on April 14, 2025, to unitholders of record as of March 31, 2025.

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

The cumulative excess costs total $4,403,000, including $1,195,000 in accrued interest.

How much did excess costs increase on CRT's Texas Working Interest properties?

XTO Energy reported an $82,000 increase in excess costs on the Texas Working Interest properties.