CROSS TIMBERS ROYALTY TRUST DECLARES SEPTEMBER CASH DISTRIBUTION

The trust maintained a cash distribution while Texas and Oklahoma working interests continue to carry sizable cumulative excess costs.

Rhea-AI Summary

Cross Timbers Royalty Trust (CRT) declared a September cash distribution of $0.064277 per unit, payable October 15, 2026, to unitholders of record on September 30, 2026.

Underlying volumes for the current distribution are 10,000 Bbls of oil and 48,000 Mcf of gas, compared with 11,000 Bbls of oil and 50,000 Mcf of gas for the prior distribution, at average prices of $76.19 per Bbl and $4.67 per Mcf versus $78.27 per Bbl and $4.69 per Mcf previously. XTO Energy reported a $277,000 increase in excess costs on Texas Working Interest net profits interests, bringing underlying cumulative excess costs there to $6,332,000, including $1,762,000 of accrued interest. Excess costs on Oklahoma Working Interest interests saw a $67,000 recovery, but remaining proceeds were insufficient to contribute to this month’s distribution, with cumulative excess costs of $488,000, including $37,000 of accrued interest.

Positive

• September cash distribution of $0.064277 per unit, payable October 15, 2026
• Oklahoma Working Interest excess costs saw a $67,000 recovery this month

Negative

• Underlying oil volumes fell from 11,000 to 10,000 Bbls versus prior distribution
• Underlying gas volumes declined from 50,000 to 48,000 Mcf versus prior distribution
• Average oil price decreased from $78.27 to $76.19 per Bbl
• Average gas price slipped from $4.69 to $4.67 per Mcf
• Texas Working Interest excess costs increased by $277,000, to $6,332,000 including interest
• Oklahoma Working Interest cumulative excess costs total $488,000, limiting distributable proceeds

News Explained

The release clarifies that the $277,000 Texas excess-cost increase did not reduce net proceeds from remaining conveyances, while Oklahoma’s partial recovery still left no proceeds from those properties for the September distribution.

Market Context

The August distribution coincided with a 3.81% 24-hour move; this notice again reported a monthly pa...

Analysis

The August distribution coincided with a 3.81% 24-hour move; this notice again reported a monthly payout while disclosing higher Texas excess costs and no Oklahoma proceeds.

Key Figures

Cash Distribution: $0.064277 per unit Payment Date: October 15, 2026 Record Date: September 30, 2026 +5 more

Cash Distribution

$0.064277 per unit

September distribution

Payment Date

October 15, 2026

Payable to unitholders

Record Date

September 30, 2026

Unitholders of record

Oil Sales Volume

10,000 Bbls

Current month distribution

Gas Sales Volume

48,000 Mcf

Current month distribution

Average Oil Price

$76.19 per Bbl

Current month distribution

Average Gas Price

$4.67 per Mcf

Current month distribution

Texas Excess-Cost Increase

$277,000

Increase on Texas Working Interest net profits interests

Historical Context

5 past events · Latest: Aug 21

5 events

1. Aug 21

   cash distribution

   24h Move

   +3.8%

   Monthly distribution disclosed alongside current-month oil and gas sales and excess-cost updates.

2. Jul 21

   cash distribution

   24h Move

   +0.3%

   Monthly distribution disclosed with production volumes, commodity prices, and working-interest cost updates.

3. Jun 18

   cash distribution

   24h Move

   -5.2%

   Monthly distribution disclosed with underlying sales prices and persistent Oklahoma excess-cost balances.

4. May 18

   cash distribution

   24h Move

   -1.5%

   Monthly distribution disclosed with sales volumes, commodity prices, and unrecovered working-interest costs.

5. Apr 20

   cash distribution

   24h Move

   +0.8%

   Monthly distribution disclosed alongside higher underlying oil and gas volumes and excess-cost balances.

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, bbls, mcf

4 terms

units of beneficial interest financial

"holders of its units of beneficial interest of $0.064277 per unit"

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.

bbls technical

"Oil (Bbls)"

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

"Gas (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.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

DALLAS, Sept. 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 $0.064277 per unit, payable on October 15, 2026, to unitholders of record on September 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		10,000			48,000		$76.19		$4.67
Prior Month Distribution			11,000		50,000		$78.27			$4.69

(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 $277,000 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 $6,332,000, including accrued interest of $1,762,000.

XTO Energy has advised the Trustee that $67,000 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 $488,000, including accrued interest of $37,000.

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-september-cash-distribution-302881496.html

SOURCE Cross Timbers Royalty Trust

FAQ

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

How does the Trust determine the timing of reported oil and gas sales volumes?

Sales volumes are recorded in the month the Trust receives the related net profits income. The company notes that, because of this method, reported volumes may fluctuate from month to month based on the timing of cash receipts.

Where can investors find additional information about Cross Timbers Royalty Trust distributions and tax data?

Additional information, including annual tax information, distribution amounts, and historical press releases, is available on the Trust’s website at www.crt-crosstimbers.com.