Cross Timbers Trust sets $0.0679 September payout
Cross Timbers Royalty Trust (CRT), with Argent Trust Company as trustee, declared a monthly cash distribution of $0.067892 per unit, payable on September 15, 2026 to unitholders of record on August 31, 2026.
Rhea-AI Filing Summary
Cross Timbers Royalty Trust (CRT), with Argent Trust Company as trustee, declared a monthly cash distribution of $0.067892 per unit, payable on September 15, 2026 to unitholders of record on August 31, 2026.
For the current distribution period, underlying sales were 11,000 Bbls of oil at an average price of $78.27 per Bbl and 50,000 Mcf of gas at $4.69 per Mcf, compared with 6,000 Bbls of oil and 75,000 Mcf of gas in the prior month. XTO Energy advised that excess costs on Texas Working Interest net profits interests increased by $43, bringing underlying cumulative excess costs there to $6,021,000, including $1,727,000 of accrued interest, without reducing net proceeds from remaining conveyances. In Oklahoma, $246,000 of excess costs were recovered on Working Interest net profits interests, but there were no remaining proceeds from those properties for this month’s distribution; underlying cumulative excess costs there total $552,000, including $34,000 of accrued interest.
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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
Cash distribution per unit: $0.067892 per unit
Current month oil sales volume: 11,000 Bbls
Current month gas sales volume: 50,000 Mcf
+5 more
8 metrics
Cash distribution per unit
$0.067892 per unit
Payable September 15, 2026 to unitholders of record on August 31, 2026
Current month oil sales volume
11,000 Bbls
Underlying sales for current month distribution
Current month gas sales volume
50,000 Mcf
Underlying sales for current month distribution
Current month average oil price
$78.27 per Bbl
Underlying average oil price for current month distribution
Current month average gas price
$4.69 per Mcf
Underlying average gas price for current month distribution
Cumulative excess costs – Texas Working Interest
$6,021,000
Underlying cumulative excess costs including $1,727,000 accrued interest
Cumulative excess costs – Oklahoma Working Interest
$552,000
Underlying cumulative excess costs including $34,000 accrued interest
Excess costs recovered – Oklahoma Working Interest
$246,000
Excess costs recovered this period on Oklahoma Working Interest net profits interests
Key Terms
excess costs, net profits interests, Units of Beneficial Interest, underlying cumulative excess costs
4 terms
excess costs financial
"XTO Energy has advised the Trustee that excess costs increased by $43"
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.
Units of Beneficial Interest financial
"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.
underlying cumulative excess costs financial
"Underlying cumulative excess costs remaining on the Texas Working Interest"
FAQ
What cash distribution did CROSS TIMBERS ROYALTY TRUST (CRT) declare for August 2026?
CROSS TIMBERS ROYALTY TRUST declared a cash distribution of $0.067892 per unit, payable on September 15, 2026 to unitholders of record on August 31, 2026.
What were CRT’s underlying oil and gas sales volumes for the current distribution month?
For the current distribution, underlying sales were 11,000 Bbls of oil and 50,000 Mcf of gas. These volumes are recorded in the month the Trust receives the related net profits income.
What average prices did CRT realize on oil and gas for the current month distribution?
The Trust’s underlying average prices were $78.27 per Bbl for oil and $4.69 per Mcf for gas for the current month distribution period.
How did current month oil and gas volumes compare with CRT’s prior month distribution?
For the prior month distribution, underlying sales were 6,000 Bbls of oil and 75,000 Mcf of gas, versus 11,000 Bbls of oil and 50,000 Mcf of gas for the current month distribution.
What are the cumulative excess costs on CRT’s Texas Working Interest net profits interests?
Underlying cumulative excess costs on the Texas Working Interest net profits interests total $6,021,000, including $1,727,000 of accrued interest. XTO Energy also reported an increase in excess costs of $43 for the current period.
What excess cost recovery and balances did CRT report for Oklahoma Working Interest net profits interests?
XTO Energy reported that $246,000 of excess costs were recovered on Oklahoma Working Interest net profits interests. After this partial recovery, underlying cumulative excess costs there total $552,000, including $34,000 of accrued interest, with no remaining proceeds from those properties in this month’s distribution.
AI-generated analysis. How Rhea-AI works. Not financial advice.
