Cross Timbers sets October payout at $0.277908 per unit

The announcement pairs the distribution with sales data and $6,517,000 in cumulative Texas Working Interest excess costs.

Rhea-AI Filing Summary

Cross Timbers Royalty Trust declared an October cash distribution of $0.277908 per unit, payable November 16, 2026, to unitholders of record October 30, 2026. Underlying sales for the current-month distribution were 33,000 barrels of oil and 89,000 Mcf of gas, at average prices of $83.56 per barrel and $4.86 per Mcf.

XTO Energy advised that excess costs on properties underlying the Texas Working Interest net profits interests increased by $149,000 but did not reduce net proceeds from the remaining conveyances. Cumulative excess costs on those interests were $6,517,000, including $1,797,000 in accrued interest. XTO Energy also advised that May through July 2026 sales volumes were received in the current month from Scout Energy Management LLC, the new operator of the Hewitt Unit.

Filing Explained

The release also reports completed recovery of $491,000 in excess costs, including $40,000 of interest, on properties underlying the Oklahoma Working Interest net profits interests.

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: $0.277908 per unit Oil sales volume: 33,000 barrels Gas sales volume: 89,000 Mcf +5 more

8 metrics

Cash distribution per unit $0.277908 per unit October distribution

Oil sales volume 33,000 barrels Current-month distribution

Gas sales volume 89,000 Mcf Current-month distribution

Average oil price $83.56 per barrel Current-month distribution

Average gas price $4.86 per Mcf Current-month distribution

Increase in Texas Working Interest excess costs $149,000 Properties underlying the Texas Working Interest net profits interests

Cumulative Texas Working Interest excess costs $6,517,000 Includes $1,797,000 in accrued interest

Accrued interest on cumulative Texas Working Interest excess costs $1,797,000 Included in cumulative excess costs

Key Terms

units of beneficial interest, net profits income, excess costs, net proceeds

4 terms

units of beneficial interest financial

"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 income financial

"receives the related net profits income"

Net profits income is the amount a company keeps after subtracting all operating costs, interest, taxes and one-time charges from its total sales — essentially the business’s “take-home” money. For investors it signals whether a company is truly making money after paying its bills, and drives important decisions like dividend capacity, reinvestment potential and valuation; think of it as a household’s paycheck left after paying all monthly expenses.

excess costs financial

"excess costs increased by $149,000"

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.

net proceeds financial

"did not reduce net proceeds from the remaining conveyances"

The amount of money a company actually keeps from a sale or fundraising after paying all direct costs and fees, similar to take-home pay after taxes and deductions. Investors care because net proceeds determine how much cash is available for things that affect value—paying debt, funding projects, buying assets, or returning money to shareholders—so it influences future growth potential and financial health.

FAQ

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

What is CRT's October 2026 cash distribution?

Cross Timbers Royalty Trust declared $0.277908 per unit, payable November 16, 2026, to unitholders of record October 30, 2026.

Why did CRT report May through July 2026 sales volumes in the current month?

XTO Energy advised that sales volumes for May through July 2026 were received in the current month from Scout Energy Management LLC, the new operator of the Hewitt Unit, one of the properties underlying the Oklahoma Working Interest net profits interests.

How are CRT's reported oil and gas sales volumes timed?

Sales volumes are recorded in the month the Trust receives the related net profits income. The release says they may fluctuate from month to month based on the timing of cash receipts.

How much Oklahoma Working Interest excess cost was recovered?

XTO Energy advised that $491,000 in excess costs, including $40,000 in interest, was fully recovered on properties underlying the Oklahoma Working Interest net profits interests.

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

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Available on EDGAR 10/20/2026 - 10:35 AM EDT Accepted by SEC EDGAR 10/20/2026 - 10:35 AM EDT 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): October 20, 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 October 20, 2026, the Registrant issued a news release announcing its monthly cash distribution to unitholders of record on October 30, 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 October 20, 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:	October 20, 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 OCTOBER CASH DISTRIBUTION

Dallas, Texas, October 20, 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 $0.277908 per unit, payable on November 16, 2026, to unitholders of record on October 30, 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		33,000		89,000		$83.56		$4.86
Prior Month Distribution		10,000		48,000		$76.19		$4.67
(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.

Current Month Distribution

XTO Energy has advised the Trustee that sales volumes for May 2026 through July 2026 were received in the current month from Scout Energy Management LLC, the new operator of the Hewitt Unit, which is one of the properties underlying the Oklahoma Working Interest net profits interests.

Excess Costs

XTO Energy has advised the Trustee that excess costs increased by $149,000 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 $6,517,000, including accrued interest of $1,797,000.

XTO Energy has advised the Trustee that excess costs of $491,000, including interest of $40,000, were fully recovered on properties underlying the Oklahoma Working Interest net profits interests.

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 35.5 KB