Cross Timbers Stock Price, News & Analysis

On April 18, 2023, Argent Trust Company announced a cash distribution of $0.244670 per unit for holders of Cross Timbers Royalty Trust (NYSE:CRT). This payment is scheduled for May 12, 2023, to unitholders recorded as of April 28, 2023. The report detailed underlying sales, revealing current month oil sales of 14,000 Bbls and gas sales of 98,000 Mcf. The average price per barrel of oil was $75.27, while gas was $16.37. In comparison, the prior month recorded 19,000 Bbls of oil and 93,000 Mcf of gas with higher average prices of $81.55 for oil and $10.25 for gas. Despite an increase in excess costs by $139,000, these did not impact the net proceeds from the remaining conveyances significantly.

On March 21, 2023, Cross Timbers Royalty Trust (NYSE:CRT) announced a cash distribution of $0.179256 per unit for its unitholders, payable on April 14, 2023, to those on record by March 31, 2023. Current month sales showed 19,000 Bbls of oil and 93,000 Mcf of gas, with average prices at $81.55 per Bbl and $10.25 per Mcf. Compared to the previous month, oil volumes increased from 11,000 Bbls while gas volumes rose from 100,000 Mcf. However, excess costs increased by $34,000 for Texas properties, although this did not affect net proceeds significantly.

Cross Timbers Royalty Trust (NYSE:CRT) has announced a cash distribution of $0.114609 per unit, payable on March 14, 2023, to unitholders recorded by February 28, 2023. The underlying oil and gas sales reported for the current month show 11,000 Bbls of oil and 100,000 Mcf of gas, with average prices at $76.96 per Bbl and $7.80 per Mcf. Comparatively, the prior month saw sales of 13,000 Bbls and 618,000 Mcf, averaging $82.06 per Bbl and $4.32 per Mcf. Adjustments from XTO Energy have resulted in increased excess costs on underlying properties, totaling $1,802,000 for Texas and $997,000 for Oklahoma.

On January 20, 2023, Argent Trust Company, as Trustee of the Cross Timbers Royalty Trust (NYSE:CRT), announced a cash distribution of $0.312668 per unit, payable on February 14, 2023, to unitholders of record as of January 31, 2023. The current month's underlying oil sales were 13,000 Bbls and gas sales were 618,000 Mcf. Average prices for oil and gas were $82.06 per Bbl and $4.32 per Mcf, respectively. Compared to the prior month, oil sales dropped from 14,000 Bbls while gas sales fell from 101,000 Mcf. The Trust faced excess costs of $145 in Texas and $119,000 in Oklahoma, totaling $1,785,000 in cumulative excess costs.

Simmons Bank, as Trustee of the Cross Timbers Royalty Trust (NYSE: CRT), announced a cash distribution of $0.150335 per unit, payable on January 17, 2023, to unitholders as of December 30, 2022. The current month distribution reflects sales of 14,000 barrels of oil and 101,000 Mcf of gas, with average prices of $84.61 per barrel and $10.44 per Mcf. Additionally, the Trust reported $214,000 of excess cost recoveries, but cumulative excess costs remain at $1.8 million. A new trustee, Argent Trust Company, will replace the current trustee on December 30, 2022.