Cash reserve hits $1.5M as Cross Timbers (NYSE: CRT) ends withholding

Rhea-AI Filing Summary

Cross Timbers Royalty Trust declared a February cash distribution of $0.050060 per unit, payable on March 13, 2026, to unitholders of record on February 27, 2026. The updated disclosure also notes the Trustee has completed building the cash reserve to $1,500,000 and stopped withholding $50,000 from monthly distributions.

The Trust reported underlying sales for the current distribution of 9,000 barrels of oil and 73,000 Mcf of gas at average prices of $55.35 per barrel and $4.36 per Mcf, compared with 10,000 barrels and 73,000 Mcf at $57.62 and $4.13 for the prior month. XTO Energy advised that excess costs rose on both Texas and Oklahoma working interest net profits interests, with cumulative excess costs of $5,637,000 for Texas and $931,000 for Oklahoma, though these did not reduce net proceeds from remaining conveyances.

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): February 17, 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 February 17, 2026, the Registrant issued a news release announcing its monthly cash distribution to unitholders of record on February 27, 2026. A copy of the news release is furnished as Exhibit 99.1.

The original news release issued inadvertently omitted language regarding the Trustee having completed its increase to the reserve funds to a current balance of $1,500,000. The updated news release is attached hereto 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 February 17, 2026

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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:	February 17, 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

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EXHIBIT 99.1

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

CROSS TIMBERS ROYALTY TRUST

DECLARES FEBRUARY CASH DISTRIBUTION

Dallas, Texas, February 17, 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 $0.050060 per unit, payable on March 13, 2026, to unitholders of record on February 27, 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		9,000		73,000		$55.35		$4.36
Prior Month Distribution		10,000		73,000		$57.62		$4.13
(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 $80,000 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 $5,637,000, including accrued interest of $1,532,000.

XTO Energy has advised the Trustee that excess costs increased by $262,000 on properties underlying the Oklahoma 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 Oklahoma Working Interest net profits interests total $931,000, including accrued interest of $4,000.

Cash Reserve

In accordance with Section 3.08 of the Cross Timbers Royalty Trust Indenture, the Trustee withheld $50,000 from the monthly distribution over the past ten months to increase the reserve account balance. The reserve has now reached $1,500,000, and the Trustee has discontinued the $50,000 withholding.

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

FAQ

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

Cross Timbers Royalty Trust declared a February 2026 cash distribution of $0.050060 per unit. It will be paid on March 13, 2026, to unitholders of record on February 27, 2026, reflecting underlying oil and gas sales and prices.

When will CRT’s February 2026 distribution be paid and who qualifies?

The February 2026 distribution will be paid on March 13, 2026, to holders of Cross Timbers Royalty Trust units of beneficial interest. Investors must be unitholders of record on February 27, 2026, to receive the $0.050060 per-unit cash payment.

What were the underlying oil and gas sales for CRT’s current distribution?

For the current month distribution, underlying sales totaled 9,000 barrels of oil and 73,000 Mcf of gas. Average prices were $55.35 per barrel of oil and $4.36 per Mcf of gas, based on volumes recorded when net profits income was received.

How did excess costs change on Cross Timbers Royalty Trust’s Texas and Oklahoma interests?

XTO Energy advised that excess costs increased by $80,000 on Texas working interest net profits interests and by $262,000 on Oklahoma working interest net profits interests. Despite these increases, excess costs did not reduce net proceeds from the Trust’s remaining conveyances this period.

What are the cumulative excess costs reported for CRT’s working interest properties?

Cumulative excess costs on Texas working interest net profits interests total $5,637,000, including $1,532,000 of accrued interest. On Oklahoma working interest net profits interests, cumulative excess costs total $931,000, including $4,000 of accrued interest, according to information provided by XTO Energy.

What change did Cross Timbers Royalty Trust make to its cash reserve policy?

The Trustee previously withheld $50,000 from each monthly distribution for ten months to grow the reserve account. That reserve has now reached $1,500,000 under the Trust Indenture, so the Trustee has discontinued the $50,000 monthly withholding from future distributions.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 34.9 KB