Cross Timbers Royalty Trust (NYSE: CRT) sets $0.061397 per-unit August payout
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.
Positive
- None.
Negative
- None.
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, and 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
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.