Cross Timbers Trust sets $0.0643 September payout
CROSS TIMBERS ROYALTY TRUST (CRT) announced a September cash distribution of $0.064277 per unit, payable on October 15, 2026 to unitholders of record on September 30, 2026.
Rhea-AI Filing Summary
CROSS TIMBERS ROYALTY TRUST (CRT) announced a September cash distribution of $0.064277 per unit, payable on October 15, 2026 to unitholders of record on September 30, 2026. The distribution reflects underlying current-month sales of 10,000 Bbls of oil at $76.19 per Bbl and 48,000 Mcf of gas at $4.67 per Mcf.
XTO Energy advised the trustee that excess costs increased by $277,000 on Texas Working Interest net profits interests, leaving underlying cumulative excess costs of $6,332,000, including $1,762,000 of accrued interest. For Oklahoma Working Interest net profits interests, $67,000 of excess costs were recovered, with underlying cumulative excess costs of $488,000, including $37,000 of accrued interest.
Positive
- None.
Negative
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Filing Explained
This Form 8-K furnishes the September distribution release under Item 2.02; the release is not deemed “filed” for Section 18 liability, so the filing records a declared future payment rather than a completed distribution.
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: $0.064277 per unit
Payment date: October 15, 2026
Record date: September 30, 2026
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8 metrics
Cash distribution per unit
$0.064277 per unit
Declared for September 2026, payable October 15, 2026
Payment date
October 15, 2026
Date the September 2026 cash distribution will be paid
Record date
September 30, 2026
Unitholders of record on this date receive the distribution
Current month oil sales volume
10,000 Bbls
Underlying oil sales for current month distribution
Current month gas sales volume
48,000 Mcf
Underlying gas sales for current month distribution
Current month average oil price
$76.19 per Bbl
Average oil price for current month underlying sales
Current month average gas price
$4.67 per Mcf
Average gas price for current month underlying sales
Cumulative excess costs – Texas Working Interest
$6,332,000
Underlying cumulative excess costs including $1,762,000 accrued interest
Key Terms
excess costs, net profits interests, units of beneficial interest, underlying cumulative excess costs
4 terms
excess costs financial
"Excess Costs XTO Energy has advised the Trustee that excess costs increased"
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
"to the holders of its units of beneficial interest of $0.064277"
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"
Earnings Snapshot
Cash distribution per unit: $0.064277
September 2026 distribution month
Cash distribution per unit
$0.064277
Underlying oil sales volume
10,000 Bbls (current) vs 11,000 Bbls (prior)
Underlying gas sales volume
48,000 Mcf (current) vs 50,000 Mcf (prior)
Average oil price
$76.19 per Bbl (current) vs $78.27 per Bbl (prior)
Average gas price
$4.67 per Mcf (current) vs $4.69 per Mcf (prior)
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What cash distribution did CROSS TIMBERS ROYALTY TRUST (CRT) declare for September 2026?
The Trust declared a cash distribution of $0.064277 per unit, payable on October 15, 2026 to unitholders of record on September 30, 2026.
When will CRT unitholders receive the September 2026 cash distribution?
Unitholders will receive the September 2026 distribution on October 15, 2026, provided they are on record as unitholders on September 30, 2026.
What underlying oil and gas sales supported CRT’s current month distribution?
The current month distribution is based on underlying sales of 10,000 Bbls of oil at $76.19 per Bbl and 48,000 Mcf of gas at $4.67 per Mcf.
How did excess costs change on CRT’s Texas Working Interest net profits interests?
XTO Energy advised that excess costs on Texas Working Interest net profits interests increased by $277,000, resulting in underlying cumulative excess costs of $6,332,000, including $1,762,000 of accrued interest.
What is the status of excess costs on CRT’s Oklahoma Working Interest net profits interests?
For Oklahoma Working Interest net profits interests, $67,000 of excess costs were recovered. After this partial recovery, underlying cumulative excess costs total $488,000, including $37,000 of accrued interest.
How do CRT’s current month oil and gas volumes compare to the prior month distribution?
For the current month, underlying sales were 10,000 Bbls of oil and 48,000 Mcf of gas, versus 11,000 Bbls of oil and 50,000 Mcf of gas for the prior month distribution.
AI-generated analysis. How Rhea-AI works. Not financial advice.
