Welcome to our dedicated page for Cross Timbers news (Ticker: CRT), a resource for investors and traders seeking the latest updates and insights on Cross Timbers stock.
Cross Timbers Royalty Trust (CRT) is a United States-based royalty trust whose net profits interests are derived from producing royalty, overriding royalty interests, and working interest properties. The underlying properties include producing oil and gas properties in Texas, Oklahoma, and New Mexico. This news page focuses on the trust’s recurring public updates about monthly cash distributions and related operating details.
Argent Trust Company, as Trustee of the Cross Timbers Royalty Trust, issues regular news releases announcing monthly cash distributions to holders of units of beneficial interest. Each release specifies the cash distribution per unit, the payment date, and the record date for unitholders. The announcements also provide tables of underlying oil and gas sales volumes and average realized prices for oil (per barrel) and gas (per thousand cubic feet) that are attributable to the current and prior month distributions.
In addition to distribution amounts and sales data, the trust’s news releases describe how sales volumes are recorded in the month the trust receives the related net profits income. This timing can cause month-to-month fluctuations in reported volumes. The releases also include commentary from XTO Energy to the Trustee about excess costs on properties underlying the Texas Working Interest net profits interests and the Oklahoma Working Interest net profits interests, and whether those excess costs affect net proceeds from the remaining conveyances.
Readers following CRT news can use this page to review a sequence of monthly distribution announcements, observe changes in underlying oil and gas sales volumes and prices, and monitor developments in excess costs and cash reserve practices disclosed by the Trustee. For ongoing research on Cross Timbers Royalty Trust, this news feed provides a consolidated view of the trust’s regular public communications about distributions and underlying property performance.
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.
Cross Timbers Royalty Trust (NYSE: CRT) has announced its February 2025 cash distribution of $0.045553 per unit, payable on March 14, 2025, to unitholders of record on February 28, 2025.
The Trust reported underlying sales volumes for the current month distribution of 12,000 barrels of oil at an average price of $68.15 per barrel and 90,000 Mcf of gas at $3.51 per Mcf. These figures show a decrease from the prior month's volumes of 13,000 barrels of oil at $68.38 per barrel and 114,000 Mcf of gas at $3.78 per Mcf.
XTO Energy reported an increase of $9,000 in excess costs on Texas Working Interest properties, with cumulative excess costs totaling $4,296,000, including accrued interest of $1,171,000.
Argent Trust Company, as Trustee of the Cross Timbers Royalty Trust (NYSE: CRT), declared a cash distribution of $0.095045 per unit. This payment will be made on February 14, 2025, to unitholders of record as of January 31, 2025.
The underlying oil and gas sales volumes and average prices for the current and prior month distributions are as follows:
- Current Month Distribution: Oil - 13,000 Bbls at $68.38 per Bbl; Gas - 114,000 Mcf at $3.78 per Mcf.
- Prior Month Distribution: Oil - 13,000 Bbls at $69.15 per Bbl; Gas - 68,000 Mcf at $3.26 per Mcf.
XTO Energy reported a recovery of $24,000 in excess costs from the Texas Working Interest properties, but no remaining proceeds were available for this month's distribution. The cumulative excess costs for these properties total $4,260,000, including $1,143,000 in accrued interest.
For more information, visit the Trust's website at www.crt-crosstimbers.com.
Cross Timbers Royalty Trust (NYSE: CRT) has announced a cash distribution of $0.062265 per unit, payable on January 15, 2025, to unitholders of record on December 31, 2024. The Trust's underlying sales volumes show 13,000 barrels of oil and 68,000 Mcf of gas for the current month, with average prices of $69.15 per barrel for oil and $3.26 per Mcf for gas.
XTO Energy reported an increase in excess costs of $69,000 on Texas Working Interest net profits interests. The cumulative excess costs total $4,256,000, including accrued interest of $1,115,000. These excess costs did not impact net proceeds from other conveyances.
Cross Timbers Royalty Trust (NYSE: CRT) has declared a cash distribution of $0.092742 per unit for November, payable on December 13, 2024, to unitholders of record on November 29, 2024. The underlying sales show oil volumes of 13,000 Bbls at $71.39 per Bbl and gas volumes of 86,000 Mcf at $3.54 per Mcf. XTO Energy reported an increase in excess costs of $133,000 on Texas Working Interest properties, with cumulative excess costs totaling $4,160,000, including $1,088,000 in accrued interest.
Cross Timbers Royalty Trust (NYSE: CRT) has declared a cash distribution of $0.064592 per unit for October, payable on November 15, 2024, to unitholders of record on October 31, 2024. The Trust's underlying oil and gas sales volumes for the current month distribution were 12,000 Bbls of oil and 82,000 Mcf of gas, with average prices of $76.77 per Bbl for oil and $4.46 per Mcf for gas.
The September 2024 distribution included a $24,128 deduction related to the settlement of a royalty class action lawsuit. XTO Energy reported an increase of $125,000 in excess costs on properties underlying the Texas Working Interest net profits interests, with cumulative excess costs totaling $4,000,000, including accrued interest of $1,061,000.
Argent Trust Company, Trustee of Cross Timbers Royalty Trust (NYSE: CRT), declared a cash distribution of $0.102230 per unit, payable on October 15, 2024, to unitholders of record on September 30, 2024. The distribution reflects underlying oil and gas sales volumes and prices. The September distribution includes a $24,128 deduction related to the Chieftain settlement with XTO Energy Inc.
XTO Energy reported an increase of $124,000 in excess costs on properties underlying the Texas Working Interest net profits interests. Cumulative excess costs on these interests total $3,847,000, including accrued interest of $1,034,000. However, these excess costs did not reduce net proceeds from other conveyances.
Cross Timbers Royalty Trust (NYSE: CRT) has declared a cash distribution of $0.055175 per unit for August, payable on September 16, 2024, to unitholders of record on August 30, 2024. The Trust reported underlying oil sales of 13,000 barrels at an average price of $76.84 per barrel, and gas sales of 67,000 Mcf at an average price of $3.33 per Mcf for the current month distribution. XTO Energy recovered $26,000 of excess costs on properties underlying the Texas Working Interest net profits interests. However, cumulative excess costs on these interests still total $3,697,000, including $1,008,000 in accrued interest.
Cross Timbers Royalty Trust (NYSE:CRT) has declared a cash distribution of $0.096137 per unit for July, payable on August 14, 2024, to unitholders of record on July 31, 2024. The Trust reported underlying oil sales of 12,000 Bbls at an average price of $78.39 per Bbl, and gas sales of 186,000 Mcf at $4.03 per Mcf for the current month distribution.
XTO Energy advised of a volume correction for the prior month's Oklahoma Royalty Interest net profits interests, which did not affect cash distributions. Additionally, excess costs increased by $142,000 on Texas Working Interest properties, with cumulative excess costs totaling $3,696,000. On Oklahoma Working Interest properties, excess costs of $204,000 were fully recovered.
Argent Trust Company, as Trustee of Cross Timbers Royalty Trust (NYSE:CRT), declared a cash distribution of $0.030174 per unit, payable on July 15, 2024, to unitholders of record on June 28, 2024.
For June, oil sales volumes were 12,000 Bbls at $84.42 per Bbl, and gas sales volumes were 10,000 Mcf at $8.14 per Mcf. In contrast, May saw 17,000 Bbls of oil at $76.32 per Bbl and 70,000 Mcf of gas at $4.64 per Mcf.
XTO Energy reported a volume correction for Oklahoma Royalty Interest net profits interests, adjusting gas sales to 22,000 Mcf for June and 58,000 Mcf for May, with average prices of $3.57 and $5.65 per Mcf, respectively. Excess costs increased by $21,000 for Texas Working Interests and $48,000 for Oklahoma Working Interests, without impacting net proceeds.
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