Cross Timbers Trust sets $0.06972 April distribution
Cross Timbers Royalty Trust declared an April cash distribution of $0.069720 per unit, payable on May 14, 2026 to unitholders of record on April 30, 2026.
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Form Type
8-K
Rhea-AI Filing Summary
Cross Timbers Royalty Trust declared an April cash distribution of $0.069720 per unit, payable on May 14, 2026 to unitholders of record on April 30, 2026. This payout reflects higher underlying oil and gas sales and improved realized prices versus the prior month.
Underlying volumes for the current distribution were 17,000 Bbls of oil and 121,000 Mcf of gas, at average prices of $58.93 per Bbl and $4.83 per Mcf. The release also notes increased excess costs on Texas and Oklahoma working interest net profits interests, with cumulative excess costs of $5,863,000 for Texas and $1,019,000 for Oklahoma, which did not reduce net proceeds from remaining conveyances.
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
April 2026 distribution: $0.069720 per unit
Current month oil volume: 17,000 Bbls
Current month gas volume: 121,000 Mcf
+5 more
8 metrics
April 2026 distribution
$0.069720 per unit
Payable May 14, 2026 to holders of record April 30, 2026
Current month oil volume
17,000 Bbls
Underlying oil sales for current month distribution
Current month gas volume
121,000 Mcf
Underlying gas sales for current month distribution
Current month oil price
$58.93 per Bbl
Average realized oil price for current month distribution
Current month gas price
$4.83 per Mcf
Average realized gas price for current month distribution
Texas excess costs
$5,863,000
Underlying cumulative excess costs on Texas Working Interest net profits interests
Oklahoma excess costs
$1,019,000
Underlying cumulative excess costs on Oklahoma Working Interest net profits interests
Texas excess cost increase
$69,000
Increase on Texas Working Interest properties for current period
Key Terms
units of beneficial interest, net profits interests, excess costs, cumulative excess costs, +1 more
5 terms
units of beneficial interest financial
"declared a cash distribution to the holders of its units of beneficial interest of $0.069720 per unit"
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.
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 $69,000"
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.
cumulative excess costs financial
"Underlying cumulative excess costs remaining on the Texas Working Interest net profits interests total $5,863,000"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What cash distribution did Cross Timbers Royalty Trust (CRT) declare for April 2026?
Cross Timbers Royalty Trust declared an April 2026 cash distribution of $0.069720 per unit. It will be paid on May 14, 2026 to unitholders of record on April 30, 2026, reflecting current underlying oil and gas sales and prices.
When will CRT unitholders receive the April 2026 distribution?
Unitholders will receive the April 2026 distribution on May 14, 2026. The record date is April 30, 2026, meaning investors holding units on that date will be eligible for the $0.069720 per unit cash payment from the Trust.
How did underlying oil and gas volumes for CRT change in the current distribution month?
For the current distribution month, underlying sales were 17,000 Bbls of oil and 121,000 Mcf of gas. This compares with 10,000 Bbls of oil and 39,000 Mcf of gas for the prior month distribution, indicating significantly higher reported volumes.
What average prices did CRT realize on oil and gas for the current distribution?
The Trust’s underlying properties realized average prices of $58.93 per Bbl for oil and $4.83 per Mcf for gas in the current distribution month. In the prior month, average prices were $56.83 per Bbl for oil and $4.30 per Mcf for gas.
What are the excess cost balances on CRT’s Texas and Oklahoma Working Interest net profits interests?
XTO Energy reported underlying cumulative excess costs of $5,863,000 on the Texas Working Interest net profits interests and $1,019,000 on the Oklahoma Working Interest net profits interests. These amounts include accrued interest and did not reduce net proceeds from the remaining conveyances.
Did increased excess costs affect CRT’s net proceeds for this distribution?
Excess costs increased by $69,000 on Texas Working Interest properties and $116,000 on Oklahoma Working Interest properties. According to XTO Energy, these higher excess costs did not reduce net proceeds from the remaining conveyances supporting the Trust’s current distribution.
Where can investors find more information about Cross Timbers Royalty Trust distributions and tax data?
Additional information on Cross Timbers Royalty Trust, including annual tax information, distribution amounts, and historical press releases, is available on its website at www.crt-crosstimbers.com, as referenced in the news release accompanying the April 2026 distribution announcement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
