CROSS TIMBERS ROYALTY TRUST DECLARES OCTOBER CASH DISTRIBUTION

Oklahoma excess costs were fully recovered, while Texas excess costs increased and remained outstanding.

Rhea-AI Summary

Cross Timbers Royalty Trust (NYSE: CRT) declared a cash distribution of $0.277908 per unit, payable November 16, 2026. Unitholders of record on October 30, 2026, will receive the payment.

Underlying oil sales rose to 33,000 barrels from 10,000 for the prior distribution; gas sales rose to 89,000 Mcf from 48,000. Average oil and gas prices also increased. Current receipts included Hewitt Unit sales volumes for May through July 2026, and monthly volumes reflect cash-receipt timing.

Texas working-interest excess costs increased by $149,000, leaving $6,517,000, including accrued interest. They did not reduce net proceeds from the remaining conveyances. Oklahoma working-interest excess costs of $491,000, including interest, were fully recovered.

5 points · 0 major

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0 major · 1 point

How the balance works

Positive

• Moderate pointOil sales volumes rose to 33,000 barrels from 10,000 for the prior month's distribution.
• Moderate pointGas sales volumes rose to 89,000 Mcf from 48,000 for the prior month's distribution.
• Moderate pointAverage oil price rose to $83.56 per barrel from $76.19 for the prior month's distribution.
• Moderate pointAverage gas price rose to $4.86 per Mcf from $4.67 for the prior month's distribution.
• Minor pointOklahoma excess costs of $491,000, including $40,000 interest, were fully recovered.

Negative

• Moderate pointTexas excess costs increased $149,000; cumulative remaining costs totaled $6,517,000, including $1,797,000 accrued interest.

Key Figures

Cash distribution: $0.277908 per unit Record date: October 30 Payment date: November 16 +5 more

Cash distribution

$0.277908 per unit

October distribution

Record date

October 30

Unitholders of record

Payment date

November 16

Distribution payable

Oil sales volume

33,000 Bbls

Current-month distribution

Gas sales volume

89,000 Mcf

Current-month distribution

Increase in Texas excess costs

$149,000

Texas Working Interest net profits interests

Cumulative Texas excess costs

$6,517,000, including $1,797,000 accrued interest

Texas Working Interest net profits interests

Oklahoma excess costs recovered

$491,000, including $40,000 interest

Oklahoma Working Interest net profits interests

Historical Context

1 past event · Latest: Sep 18

1 event

1. Sep 18

   Monthly distribution

   24h Move

   -1.8%

   September payout followed 10,000 oil barrels, 48,000 gas Mcf, and a $277,000 Texas cost increase.

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

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

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DALLAS, Oct. 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 $0.277908 per unit, payable on November 16, 2026, to unitholders of record on October 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		33,000			89,000		$83.56		$4.86
Prior Month Distribution			10,000		48,000		$76.19			$4.67
(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.

Current Month Distribution

XTO Energy has advised the Trustee that sales volumes for May 2026 through July 2026 were received in the current month from Scout Energy Management LLC, the new operator of the Hewitt Unit, which is one of the properties underlying the Oklahoma Working Interest net profits interests.

Excess Costs

XTO Energy has advised the Trustee that excess costs increased by $149,000 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 $6,517,000, including accrued interest of $1,797,000.

XTO Energy has advised the Trustee that excess costs of $491,000, including interest of $40,000, were fully recovered on properties underlying the Oklahoma Working Interest net profits interests.

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-october-cash-distribution-302913643.html

SOURCE Cross Timbers Royalty Trust

FAQ

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

How much is Cross Timbers Royalty Trust's October 2026 distribution, and when is it payable?

The distribution is $0.277908 per unit, payable November 16, 2026, to unitholders of record on October 30, 2026.

Did Cross Timbers Royalty Trust's Texas excess costs reduce proceeds from other conveyances?

The Texas working-interest excess costs did not reduce net proceeds from the remaining conveyances. Cumulative excess costs remaining on the Texas working-interest net profits interests totaled $6,517,000, including accrued interest of $1,797,000.