Cross Timbers Royalty Trust declares $0.061397 July payout

Cross Timbers Royalty Trust, with Argent Trust Company as trustee, declared a July 2026 cash distribution of $0.061397 per unit, payable on August 14, 2026 to unitholders of record on July 31, 2026.

Rhea-AI Filing Summary

Cross Timbers Royalty Trust, with Argent Trust Company as trustee, declared a July 2026 cash distribution of $0.061397 per unit, payable on August 14, 2026 to unitholders of record on July 31, 2026.

The distribution reflects underlying current-month sales of 6,000 Bbls of oil and 75,000 Mcf of gas at average prices of $109.21 per Bbl and $4.84 per Mcf, compared with higher oil volumes but lower prices in the prior month. XTO Energy reported that excess costs on Texas Working Interest net profits interests increased by $2,000, bringing underlying cumulative excess costs there to $5,987,000, including $1,693,000 of accrued interest. On Oklahoma working interests, $54,000 of excess costs were recovered, leaving underlying cumulative excess costs of $794,000, including $30,000 of accrued interest, and no proceeds from those properties in this month’s distribution.

Filing Explained

The July 21 Form 8-K furnishes the July distribution release under Item 2.02; it states that the release is not deemed filed for Section 18 purposes and is not subject to that section’s liabilities.

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

July 2026 cash distribution: $0.061397 per unit Payment date: August 14, 2026 Current month oil sales volume: 6,000 Bbls +5 more

8 metrics

July 2026 cash distribution $0.061397 per unit Declared payable on August 14, 2026 to unitholders of record on July 31, 2026.

Payment date August 14, 2026 Date the July 2026 cash distribution will be paid.

Current month oil sales volume 6,000 Bbls Underlying oil sales for the current month distribution.

Current month gas sales volume 75,000 Mcf Underlying gas sales for the current month distribution.

Current month average oil price $109.21 per Bbl Average realized oil price underlying the current month distribution.

Cumulative Texas excess costs $5,987,000 Underlying cumulative excess costs on Texas Working Interest net profits interests, including $1,693,000 accrued interest.

Cumulative Oklahoma excess costs $794,000 Underlying cumulative excess costs on Oklahoma Working Interest net profits interests, including $30,000 accrued interest.

Oklahoma excess costs recovered $54,000 Excess costs recovered on properties underlying the Oklahoma Working Interest net profits interests.

Key Terms

units of beneficial interest, net profits interests, excess costs

3 terms

units of beneficial interest financial

"declared a cash distribution to the holders of its units of beneficial interest"

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

"excess costs increased by $2,000 on properties underlying the Texas Working Interest"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What cash distribution did Cross Timbers Royalty Trust (CRT) declare for July 2026?

Cross Timbers Royalty Trust declared a cash distribution of $0.061397 per unit for July 2026. It will be paid on August 14, 2026 to unitholders of record on July 31, 2026, based on net profits from the trust’s underlying oil and gas properties.

When will CRT unitholders receive the July 2026 cash distribution?

The July 2026 cash distribution of $0.061397 per unit will be paid on August 14, 2026. Unitholders must be on record as of July 31, 2026 to receive this payment from Cross Timbers Royalty Trust.

What underlying oil and gas sales support CRT’s current month distribution?

The current month distribution reflects underlying sales of 6,000 Bbls of oil and 75,000 Mcf of gas. Average realized prices were $109.21 per Bbl for oil and $4.84 per Mcf for gas, as reported by Cross Timbers Royalty Trust.

How do current month oil and gas metrics for CRT compare with the prior month?

Current month underlying oil sales were 6,000 Bbls versus 9,000 Bbls in the prior month, while gas sales were 75,000 Mcf versus 27,000 Mcf. Average oil prices increased from $88.05 to $109.21 per Bbl, and gas prices rose from $4.30 to $4.84 per Mcf.

What excess cost figures did CRT report for Texas and Oklahoma working interests?

For Texas working interests, excess costs increased by $2,000, with underlying cumulative excess costs of $5,987,000, including $1,693,000 interest. For Oklahoma, $54,000 of excess costs were recovered, leaving cumulative excess costs of $794,000, including $30,000 interest.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/21/2026 - 11:46 AM Learn about SEC filing dates

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 21, 2026

CROSS TIMBERS ROYALTY TRUST

(Exact name of registrant as specified in its charter)

Texas			001-10982	75-6415930
(State or other jurisdiction of incorporation)			(Commission File Number)	(IRS Employer Identification No.)
Argent Trust Company Trustee 3838 Oak Lawn Ave, Suite 1720
Dallas, Texas				75219-4518
(Address of principal executive offices)				(Zip Code)

Registrant’s telephone number, including area code: (855) 588-7839

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Units of Beneficial Interest		CRT		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On July 21, 2026, the Registrant issued a news release announcing its monthly cash distribution to unitholders of record on July 31, 2026. A copy of the news release is furnished as Exhibit 99.1.

The information in this Current Report, including the news release attached hereto, is being furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities of that Section.

Item 9.01 Financial Statements and Exhibits.

(d)	Exhibits.
	Exhibit 99.1		News Release dated July 21, 2026

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		CROSS TIMBERS ROYALTY TRUST
		By:	ARGENT TRUST COMPANY, TRUSTEE
Date:	July 21, 2026	By:	/s/ NANCY WILLIS
			Nancy Willis
			Director of Royalty Trust Services
		EXXON MOBIL CORPORATION
		By:	/s/ DANIEL BATES
			Daniel Bates
			Unconventional Finance General Manager

3

EXHIBIT 99.1

[NEWS RELEASE LETTERHEAD OF CROSS TIMBERS ROYALTY TRUST APPEARS HERE]

CROSS TIMBERS ROYALTY TRUST

DECLARES JULY CASH DISTRIBUTION

Dallas, Texas, July 21, 2026 – Argent Trust Company, as Trustee of the Cross Timbers Royalty Trust (the “Trust”) (NYSE: CRT), today declared a cash distribution to the holders of its units of beneficial interest of $0.061397 per unit, payable on August 14, 2026, to unitholders of record on July 31, 2026. The following table shows underlying oil and gas sales and average prices attributable to the current month and prior month distributions.

		Underlying Sales
		Volumes (a)				Average Price
		Oil (Bbls)		Gas (Mcf)		Oil (per Bbl)		Gas (per Mcf)
Current Month Distribution		6,000		75,000		$109.21		$4.84
Prior Month Distribution		9,000		27,000		$88.05		$4.30
(a)Sales volumes are recorded in the month the Trust receives the related net profits income. Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.

Excess Costs

XTO Energy has advised the Trustee that excess costs increased by $2,000 on properties underlying the Texas Working Interest net profits interests. However, these excess costs did not reduce net proceeds from the remaining conveyances. Underlying cumulative excess costs remaining on the Texas Working Interest net profits interests total $5,987,000, including accrued interest of $1,693,000.

XTO Energy has advised the Trustee that $54,000 of excess costs were recovered on properties underlying the Oklahoma Working Interest net profits interests. However, after the partial recovery, there were no remaining proceeds from the properties underlying the Oklahoma Working Interest net profits interests to be included in this month’s distribution. Underlying cumulative excess costs remaining on the Oklahoma Working Interest net profits interests total $794,000, including accrued interest of $30,000.

For more information on the Trust, including the annual tax information, distribution amounts, and historical press releases, please visit our website at www.crt-crosstimbers.com.

* * *

Contact: Nancy Willis Director of Royalty Trust Services Argent Trust Company, Trustee 855-588-7839

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 33.3 KB