CROSS TIMBERS ROYALTY TRUST DECLARES MAY CASH DISTRIBUTION

Rhea-AI Summary

Cross Timbers Royalty Trust (NYSE: CRT) declared a May 2026 cash distribution of $0.029624 per unit, payable June 12, 2026 to unitholders of record on May 29, 2026.

Underlying sales for the current distribution were 10,000 Bbls of oil and 47,000 Mcf of gas, with average prices of $77.14/Bbl and $4.98/Mcf. Prior distribution volumes were 17,000 Bbls and 121,000 Mcf at $58.93/Bbl and $4.83/Mcf.

XTO Energy reported partial excess cost recoveries: $3,000 for Texas and $52,000 for Oklahoma working interest net profits interests, yet there were no remaining proceeds from these properties for this month’s payout. Cumulative excess costs remain $5,893,000 for Texas and $972,000 for Oklahoma, including accrued interest.

Positive

• Declared May 2026 cash distribution of $0.029624 per unit
• Higher realized oil price of $77.14/Bbl versus $58.93 prior month
• Partial recovery of $3,000 Texas and $52,000 Oklahoma excess costs

Negative

• Current underlying oil volumes fell to 10,000 Bbls from 17,000 Bbls
• Current underlying gas volumes fell to 47,000 Mcf from 121,000 Mcf
• No proceeds from Texas working interest properties included in distribution
• No proceeds from Oklahoma working interest properties included in distribution
• Large cumulative excess costs: $5,893,000 Texas and $972,000 Oklahoma

News Market Reaction – CRT

-1.49%

-1.49% Session close to close

In the May 18 session, CRT declined 1.49%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details a May cash distribution of $0.029624 per unit alongside current month oil ...

Analysis

This announcement details a May cash distribution of $0.029624 per unit alongside current month oil and gas volumes and realized prices. It also updates cumulative excess costs on Texas and Oklahoma working interest net profits interests, which remain material. In context with prior months’ distributions and reported excess costs, investors would focus on how commodity prices, production volumes, and ongoing cost recoveries influence the Trust’s ability to sustain or grow future payouts.

Key Figures

May distribution: $0.029624 per unit Payment date: June 12, 2026 Oil volume: 10,000 Bbls +5 more

8 metrics

May distribution $0.029624 per unit Cash distribution payable June 12, 2026

Payment date June 12, 2026 Payable date for May 2026 distribution

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

Gas volume 47,000 Mcf Underlying gas sales for current month distribution

Avg oil price $77.14 per Bbl Realized oil price for current month distribution

Avg gas price $4.98 per Mcf Realized gas price for current month distribution

Texas excess costs $5,893,000 Cumulative Texas working interest excess costs incl. $1,626,000 interest

Oklahoma excess costs $972,000 Cumulative Oklahoma working interest excess costs incl. $19,000 interest

Historical Context

5 past events · Latest: Apr 20 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 20	April distribution	Positive	+0.8%	Higher April cash distribution and increased underlying oil and gas volumes.
Mar 20	March distribution	Negative	-2.2%	Very small March payout and rising Texas excess costs offsetting Oklahoma recoveries.
Feb 17	February distribution	Neutral	-1.0%	Routine February distribution with noted increases in excess costs.
Feb 17	Correction filing	Neutral	-1.0%	Corrected February release with detailed volumes, prices, and excess costs data.
Jan 20	January distribution	Positive	+4.6%	January distribution with strong positive price reaction despite higher excess costs.

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

Pattern Detected

Distributions generate modest single‑day moves, with direction varying by size of payout and excess cost dynamics.

Recent Company History

Over the past several months, Cross Timbers Royalty Trust has issued regular monthly distribution announcements, with per‑unit payouts ranging from as low as $0.000923 to $0.069720. These releases consistently detail underlying oil and gas volumes, realized prices, and evolving excess costs on Texas and Oklahoma working interest net profits interests. Price reactions have generally been modest, often within a few percent, highlighting that distribution level changes and excess cost updates are key recurring catalysts for CRT unitholders.

Key Terms

units of beneficial interest, net profits interests, excess costs, bbls, +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

"properties 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 $3,000 of excess costs were recovered"

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.

bbls technical

"Oil (Bbls) | | Gas (Mcf) | | Oil (per Bbl)"

bbls stands for barrels, a standard unit used to measure crude oil and other petroleum products (one oil barrel = 42 US gallons or about 159 liters). Investors watch bbls because production volumes, inventory levels and sales are expressed in barrels, and changes in those numbers directly affect revenue, commodity supply and pricing; think of bbls like cartons for milk that tell you how much product a company has or sells.

mcf technical

"Oil (Bbls) | | Gas (Mcf) | | Oil (per Bbl)"

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, May 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 $0.029624 per unit, payable on June 12, 2026, to unitholders of record on May 29, 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			47,000		$77.14		$4.98
Prior Month Distribution			17,000		121,000		$58.93			$4.83
(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 $3,000 of excess costs were recovered on properties underlying the Texas Working Interest net profits interests. However, after the partial recovery, there were no remaining proceeds from the properties underlying the Texas Working Interest net profits interests to be included in this month's distribution. Underlying cumulative excess costs remaining on the Texas Working Interest net profits interests total $5,893,000, including accrued interest of $1,626,000.

XTO Energy has advised the Trustee that $52,000 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 $972,000, including accrued interest of $19,000.

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-may-cash-distribution-302773597.html

SOURCE Cross Timbers Royalty Trust

FAQ

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

Cross Timbers Royalty Trust (CRT) declared a May 2026 cash distribution of $0.029624 per unit. According to the Trust, it will be paid on June 12, 2026 to unitholders of record on May 29, 2026, reflecting net profits from underlying properties.

When is the record date and payment date for the CRT May 2026 distribution?

The May 2026 CRT distribution is payable June 12, 2026 to holders of record on May 29, 2026. According to Cross Timbers Royalty Trust, investors must own units by the record date to receive the $0.029624 per unit cash payout.

How did underlying oil and gas sales change for CRT’s current distribution versus the prior month?

Underlying oil and gas volumes decreased for the current CRT distribution compared with the prior month. According to Cross Timbers Royalty Trust, oil volumes were 10,000 Bbls versus 17,000 Bbls, and gas volumes were 47,000 Mcf versus 121,000 Mcf, based on received net profits income.

What average oil and gas prices support the May 2026 CRT distribution?

The May 2026 CRT distribution is supported by higher realized commodity prices. According to Cross Timbers Royalty Trust, oil averaged $77.14 per Bbl and gas averaged $4.98 per Mcf, compared with $58.93 per Bbl and $4.83 per Mcf for the prior distribution period.

What excess costs affect Texas and Oklahoma working interest net profits for CRT in May 2026?

Excess costs continue to limit proceeds from Texas and Oklahoma working interest properties. According to Cross Timbers Royalty Trust, $3,000 (Texas) and $52,000 (Oklahoma) of excess costs were recovered, but no proceeds remained, with cumulative excess costs of $5,893,000 and $972,000 respectively.

Do Texas and Oklahoma working interest properties contribute to the May 2026 CRT distribution?

Texas and Oklahoma working interest properties do not contribute net proceeds to the May 2026 CRT distribution. According to Cross Timbers Royalty Trust, excess costs fully offset available amounts this month, despite small recoveries of $3,000 in Texas and $52,000 in Oklahoma.

Where can investors find more information on CRT distributions and tax data?

Investors can review detailed distribution history and tax information on the Trust’s website. According to Cross Timbers Royalty Trust, materials such as annual tax data, distribution amounts, and historical announcements are available at its official site, www.crt-crosstimbers.com.