CROSS TIMBERS ROYALTY TRUSTDECLARES MARCH CASH DISTRIBUTION

Rhea-AI Summary

Cross Timbers Royalty Trust (NYSE: CRT) declared a cash distribution of $0.000923 per unit, payable April 14, 2026, to unitholders of record on March 31, 2026.

Underlying volumes for the current month: 10,000 Bbls oil and 39,000 Mcf gas at average prices of $56.83 per Bbl and $4.30 per Mcf. Texas excess costs rose by $95,000, leaving cumulative Texas excess costs of $5,762,000 (including $1,561,000 accrued interest). Oklahoma cumulative excess costs total $897,000 (including $9,000 interest) after a $39,000 recovery; no Oklahoma proceeds were included in this distribution.

Positive

• Cash distribution of $0.000923 per unit payable April 14, 2026
• Current month oil volume 10,000 Bbls; gas 39,000 Mcf
• Average prices: $56.83 per Bbl oil and $4.30 per Mcf gas

Negative

• Texas excess costs increased by $95,000
• Cumulative Texas excess costs $5,762,000 including $1,561,000 interest
• Cumulative Oklahoma excess costs $897,000 including $9,000 interest
• No Oklahoma proceeds included in March distribution after partial recovery

Key Figures

March distribution: $0.000923 per unit Payment date: April 14, 2026 Record date: March 31, 2026 +5 more

8 metrics

March distribution $0.000923 per unit Cash distribution payable April 14, 2026

Payment date April 14, 2026 Distribution payment to unitholders

Record date March 31, 2026 Unitholders of record eligible for distribution

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

Current gas volume 39,000 Mcf Underlying sales for current month distribution

Texas excess cost increase $95,000 Increase in excess costs on Texas working interest NPIs

Texas cumulative excess costs $5,762,000 Including $1,561,000 accrued interest on Texas NPIs

Oklahoma excess cost recovery $39,000 Recovered on Oklahoma working interest NPIs this month

Market Reality Check

Price: $9.94 Vol: Volume 18,599 is at 44% o...

low vol

$9.94 Last Close

Volume Volume 18,599 is at 44% of the 20-day average 42,679, indicating subdued trading ahead of this routine distribution news. low

Technical Price $9.94 is trading above the 200-day MA at $8.63, reflecting a longer-term uptrend despite being below the 52-week high.

Peers on Argus

Peer royalty names show mixed action: INDO appeared on momentum scanners moving ...

1 Up 1 Down

Peer royalty names show mixed action: INDO appeared on momentum scanners moving up earlier while USEG moved down, and broader peers like PRT, VOC, and NRT show varying positive changes. With CRT up only 0.51% on light volume, today’s distribution headline appears more stock-specific than part of a coordinated sector move.

Common Catalyst At least one peer trust (PRT) also reported a monthly cash distribution, highlighting routine royalty payout news across the group rather than a broad sector catalyst.

Historical Context

5 past events · Latest: Feb 17 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 17	Monthly distribution	Neutral	-1.0%	February cash distribution of $0.050060 per unit with updated excess costs.
Feb 17	Correction filing	Neutral	-1.0%	Correction reiterating February $0.050060 distribution and updated cost details.
Jan 20	Monthly distribution	Positive	+4.6%	January cash distribution of $0.032918 with higher gas volumes and revenues.
Dec 19	Monthly distribution	Positive	+9.1%	December distribution of $0.114705 per unit on strong gas volumes and prices.
Nov 17	Monthly distribution	Neutral	-0.6%	November distribution with detailed volume, price, and Texas excess cost update.

Pattern Detected

Monthly distribution announcements are frequent; price reactions have generally been modest, with occasional stronger gains on higher payouts or favorable underlying volume/price mixes.

Recent Company History

Over the last several months, Cross Timbers Royalty Trust has issued regular monthly cash distribution announcements, with per-unit amounts ranging from $0.032918 in January 2026 to $0.114705 for December 2025. These releases consistently detail underlying oil and gas volumes, realized prices, and changes in excess costs on Texas and Oklahoma working interest properties. Some months, like December 2025 (+9.13%) and January 2026 (+4.59%), saw stronger positive reactions, while others showed mild declines, underscoring variable sensitivity to distribution levels and cost updates.

Market Pulse Summary

This announcement details a March cash distribution of $0.000923 per unit, payable on April 14, 2026...

Analysis

This announcement details a March cash distribution of $0.000923 per unit, payable on April 14, 2026, alongside underlying oil and gas volumes and realized prices. It also highlights increased Texas excess costs and partial recovery of Oklahoma excess costs, leaving sizable cumulative balances. Investors may monitor future distributions, changes in excess costs on working interest properties, and underlying commodity volumes and prices to assess the sustainability of cash payouts.

Key Terms

net profits interests, excess costs, bbls, mcf

4 terms

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 excess costs increased by $95,000"

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.

bbls technical

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

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)"

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. Not financial advice.

DALLAS, March 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 $0.000923 per unit, payable on April 14, 2026, to unitholders of record on March 31, 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			39,000		$56.83		$4.30
Prior Month Distribution			9,000		73,000		$55.35			$4.36
(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 $95,000 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 $5,762,000, including accrued interest of $1,561,000.

XTO Energy has advised the Trustee that $39,000 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 $897,000, including accrued interest of $9,000.

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-302716924.html

SOURCE Cross Timbers Royalty Trust

FAQ

What distribution did Cross Timbers Royalty Trust (CRT) declare on March 20, 2026?

The Trust declared a cash distribution of $0.000923 per unit. According to the company, the payment is payable April 14, 2026 to unitholders of record on March 31, 2026.

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

The record date is March 31, 2026 and the payment date is April 14, 2026. According to the company, distributions will be paid to unitholders of record on the stated record date.

What were the underlying oil and gas volumes for CRT's current month distribution in March 2026?

Current month underlying volumes were 10,000 Bbls oil and 39,000 Mcf gas. According to the company, volumes are recorded when the Trust receives related net profits income.

What average commodity prices supported CRT's March 2026 distribution?

Average prices were $56.83 per Bbl for oil and $4.30 per Mcf for gas. According to the company, those prices are the averages attributable to the current month distribution.

How did excess costs affect CRT's March 2026 distribution for Texas properties?

Texas excess costs increased by $95,000, with cumulative Texas excess costs of $5,762,000 including $1,561,000 interest. According to the company, these excess costs did not reduce net proceeds from remaining conveyances.

Were any Oklahoma proceeds included in CRT's March 2026 distribution after recoveries?

No Oklahoma proceeds were included after a $39,000 recovery on Oklahoma properties. According to the company, cumulative Oklahoma excess costs remain $897,000 including $9,000 interest.