Cross Timbers Royalty Trust sets May cash payout
Cross Timbers Royalty Trust announced a May cash distribution of $0.029624 per unit.
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Form Type
8-K
Rhea-AI Filing Summary
Cross Timbers Royalty Trust announced a May cash distribution of $0.029624 per unit. The payment will be made on June 12, 2026 to unitholders of record on May 29, 2026.
The table shows underlying April oil sales of 10,000 barrels at an average $77.14 per barrel and 47,000 Mcf of gas at $4.98 per Mcf, compared with the prior month’s 17,000 barrels at $58.93 and 121,000 Mcf at $4.83. XTO Energy reported partial recovery of excess costs on Texas and Oklahoma working interest net profits interests, with $3,000 and $52,000 recovered respectively, and remaining cumulative excess costs of $5,893,000 for Texas and $972,000 for Oklahoma.
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
May 2026 distribution: $0.029624 per unit
Current month oil volume: 10,000 Bbls
Current month gas volume: 47,000 Mcf
+5 more
8 metrics
May 2026 distribution
$0.029624 per unit
Payable June 12, 2026 to unitholders of record May 29, 2026
Current month oil volume
10,000 Bbls
Underlying sales for current month distribution
Current month gas volume
47,000 Mcf
Underlying sales for current month distribution
Current month average oil price
$77.14 per Bbl
Realized oil price for current distribution period
Current month average gas price
$4.98 per Mcf
Realized gas price for current distribution period
Texas excess costs remaining
$5,893,000
Underlying cumulative excess costs including $1,626,000 accrued interest
Oklahoma excess costs remaining
$972,000
Underlying cumulative excess costs including $19,000 accrued interest
Excess costs recovered
$3,000 TX; $52,000 OK
Partial recovery on working interest net profits interests for this month
Key Terms
Units of Beneficial Interest, underlying sales, excess costs, net profits interests, +1 more
5 terms
Units of Beneficial Interest financial
"Units of Beneficial Interest | | CRT | | New York Stock Exchange"
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.
underlying sales financial
"The following table shows underlying oil and gas sales and average prices"
Underlying sales are the company’s revenue figures adjusted to remove one-time or external effects—for example recent acquisitions or disposals, large timing differences, and currency swings—so that sales reflect the ongoing performance of the core business. Investors care because this “clean” view makes it easier to judge whether demand is truly growing or shrinking, and to compare performance across periods or between companies without noise from temporary events.
excess costs financial
"XTO Energy has advised the Trustee that $3,000 of excess costs were recovered"
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.
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.
accrued interest financial
"including accrued interest of $1,626,000"
Accrued interest is the amount of interest that has built up on a loan, bond, or similar investment since the last payment date but has not yet been paid. For investors this matters because when you buy or sell a fixed‑income security between payment dates you compensate the other party for that earned interest—think of it like buying a house mid‑month and reimbursing the seller for days of heating already used—so it affects the actual cash you pay, the yield you receive, and short‑term returns.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What cash distribution did Cross Timbers Royalty Trust (CRT) declare for May 2026?
Cross Timbers Royalty Trust declared a cash distribution of $0.029624 per unit. It is payable on June 12, 2026 to unitholders of record on May 29, 2026, reflecting recent underlying oil and gas sales and associated net profits.
When will CRT unitholders receive the May 2026 distribution payment?
Unitholders will receive the May 2026 distribution on June 12, 2026. The payment of $0.029624 per unit goes to holders of record as of May 29, 2026, based on recent underlying production and net profits from oil and gas properties.
How did underlying oil and gas volumes for CRT’s current distribution compare with the prior month?
For the current distribution, underlying sales were 10,000 barrels of oil and 47,000 Mcf of gas. The prior month’s distribution reflected higher volumes of 17,000 barrels of oil and 121,000 Mcf of gas, indicating a monthly decline in reported production volumes.
What average commodity prices underpin Cross Timbers Royalty Trust’s current distribution?
The current distribution reflects an average oil price of $77.14 per barrel and $4.98 per Mcf of gas. The prior month used $58.93 per barrel and $4.83 per Mcf, showing higher realized prices for both oil and gas this month.
What are the remaining excess costs on CRT’s Texas working interest net profits interests?
On the Texas working interest net profits interests, $3,000 of excess costs were recovered, but no proceeds reached the distribution. Remaining underlying cumulative excess costs total $5,893,000, including $1,626,000 of accrued interest, which must be recovered before those interests contribute cash.
What excess costs remain on CRT’s Oklahoma working interest net profits interests?
For the Oklahoma working interest net profits interests, $52,000 of excess costs were recovered, but no proceeds were distributable. Underlying cumulative excess costs remaining total $972,000, including $19,000 of accrued interest, continuing to offset net profits from those properties.
AI-generated analysis. How Rhea-AI works. Not financial advice.
