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.

Cross Timbers Royalty Trust announced a cash distribution of $0.161024 per unit, to be paid on December 14, 2022, for unitholders of record by November 30, 2022. The current month saw sales of 12,000 barrels of oil and 93,000 Mcf of gas, with average prices of $85.47 for oil and $10.74 for gas. Compared to the prior month, oil sales remained the same, while gas sales increased slightly from 92,000 Mcf. However, excess costs rose by $67,000 in Texas and $377,000 in Oklahoma, totaling $2.0 million and $0.7 million respectively in cumulative excess costs after the distribution.

Simmons Bank, as Trustee of the Cross Timbers Royalty Trust (CRT), has declared a cash distribution of $0.149149 per unit, payable on November 15, 2022. Unitholders of record on October 31, 2022 will receive this distribution. Current oil sales totaled 12,000 Bbls while gas sales were 92,000 Mcf, with average prices of $95.77 per barrel and $10.40 per Mcf, respectively. Notably, cumulative excess costs of $1.9 million for Texas and $0.4 million for Oklahoma were reported, affecting distributions.

Cross Timbers Royalty Trust (NYSE:CRT) has announced a cash distribution of $0.200401 per unit, scheduled for October 17, 2022, to unitholders of record as of September 30, 2022. The Trust reported 13,000 Bbls of oil and 107,000 Mcf of gas for this distribution, with average prices of $104.88 per Bbl and $9.55 per Mcf. Although $45,000 has been recovered in excess costs related to Texas properties, there are still $2.0 million in cumulative excess costs remaining.

Cross Timbers Royalty Trust (CRT) announced a cash distribution of $0.230619 per unit, set for September 15, 2022, with a record date of August 31, 2022. The statement detailed the underlying oil and gas sales for the current and prior months. Current month figures include 13,000 barrels of oil and 107,000 Mcf of gas sold, with average prices of $108.03 per barrel and $9.42 per Mcf. Notably, the trustee reported a recovery of $95,000 in excess costs, but $2.0 million in cumulative excess costs remains.