Welcome to our dedicated page for Cross Timbers Royalty Trust news (Ticker: CRT), a resource for investors and traders seeking the latest updates and insights on Cross Timbers Royalty Trust stock.
Cross Timbers Royalty Trust (NYSE: CRT) is a United States-based trust primarily focused on managing net profits interests derived from producing royalty, overriding royalty interests, and working interests properties. The trust's underlying assets are located in Texas, Oklahoma, and New Mexico, making it a significant player in the oil and gas industry in these regions.
Managed by Argent Trust Company, Cross Timbers Royalty Trust has consistently distributed cash to its unitholders. Recent announcements include a range of distributions reflecting fluctuations in oil and gas sales and prices. These distributions are influenced by factors such as underlying excess costs and recovery, as well as drilling activities and production rates.
In the latest updates, for instance:
- On November 17, 2023, a distribution of $0.149994 per unit was declared, with various underlying costs affecting the proceeds.
- On December 18, 2023, unitholders received $0.142897 per unit, showcasing a mix of increased costs and oil and gas sales influencing net proceeds.
- On January 19, 2024, a payout of $0.115323 per unit was declared, with ongoing excess costs from properties in Texas and Oklahoma playing a role.
- On February 16, 2024, the distribution was $0.114156 per unit, again impacted by varying excess costs and production factors.
- On March 18, 2024, a significantly lower distribution of $0.019390 per unit was declared, reflecting the recovery and increase of excess costs in various underlying properties.
- On April 19, 2024, unitholders were provided with $0.135867 per unit, with improved gas volumes contributing to a higher distribution.
- On May 20, 2024, the distribution settled at $0.058252 per unit, with notable recoveries in excess costs from Oklahoma properties.
Cross Timbers Royalty Trust remains committed to transparent communication with its stakeholders, consistently providing detailed financial information and updates on their official website at www.crt-crosstimbers.com. This ongoing commitment ensures that investors are well-informed about the trust's performance and financial health.
Cross Timbers Royalty Trust (NYSE: CRT) has declared a cash distribution of $0.092742 per unit for November, payable on December 13, 2024, to unitholders of record on November 29, 2024. The underlying sales show oil volumes of 13,000 Bbls at $71.39 per Bbl and gas volumes of 86,000 Mcf at $3.54 per Mcf. XTO Energy reported an increase in excess costs of $133,000 on Texas Working Interest properties, with cumulative excess costs totaling $4,160,000, including $1,088,000 in accrued interest.
Cross Timbers Royalty Trust (NYSE: CRT) has declared a cash distribution of $0.064592 per unit for October, payable on November 15, 2024, to unitholders of record on October 31, 2024. The Trust's underlying oil and gas sales volumes for the current month distribution were 12,000 Bbls of oil and 82,000 Mcf of gas, with average prices of $76.77 per Bbl for oil and $4.46 per Mcf for gas.
The September 2024 distribution included a $24,128 deduction related to the settlement of a royalty class action lawsuit. XTO Energy reported an increase of $125,000 in excess costs on properties underlying the Texas Working Interest net profits interests, with cumulative excess costs totaling $4,000,000, including accrued interest of $1,061,000.
Argent Trust Company, Trustee of Cross Timbers Royalty Trust (NYSE: CRT), declared a cash distribution of $0.102230 per unit, payable on October 15, 2024, to unitholders of record on September 30, 2024. The distribution reflects underlying oil and gas sales volumes and prices. The September distribution includes a $24,128 deduction related to the Chieftain settlement with XTO Energy Inc.
XTO Energy reported an increase of $124,000 in excess costs on properties underlying the Texas Working Interest net profits interests. Cumulative excess costs on these interests total $3,847,000, including accrued interest of $1,034,000. However, these excess costs did not reduce net proceeds from other conveyances.
Cross Timbers Royalty Trust (NYSE: CRT) has declared a cash distribution of $0.055175 per unit for August, payable on September 16, 2024, to unitholders of record on August 30, 2024. The Trust reported underlying oil sales of 13,000 barrels at an average price of $76.84 per barrel, and gas sales of 67,000 Mcf at an average price of $3.33 per Mcf for the current month distribution. XTO Energy recovered $26,000 of excess costs on properties underlying the Texas Working Interest net profits interests. However, cumulative excess costs on these interests still total $3,697,000, including $1,008,000 in accrued interest.
Cross Timbers Royalty Trust (NYSE:CRT) has declared a cash distribution of $0.096137 per unit for July, payable on August 14, 2024, to unitholders of record on July 31, 2024. The Trust reported underlying oil sales of 12,000 Bbls at an average price of $78.39 per Bbl, and gas sales of 186,000 Mcf at $4.03 per Mcf for the current month distribution.
XTO Energy advised of a volume correction for the prior month's Oklahoma Royalty Interest net profits interests, which did not affect cash distributions. Additionally, excess costs increased by $142,000 on Texas Working Interest properties, with cumulative excess costs totaling $3,696,000. On Oklahoma Working Interest properties, excess costs of $204,000 were fully recovered.
Argent Trust Company, as Trustee of Cross Timbers Royalty Trust (NYSE:CRT), declared a cash distribution of $0.030174 per unit, payable on July 15, 2024, to unitholders of record on June 28, 2024.
For June, oil sales volumes were 12,000 Bbls at $84.42 per Bbl, and gas sales volumes were 10,000 Mcf at $8.14 per Mcf. In contrast, May saw 17,000 Bbls of oil at $76.32 per Bbl and 70,000 Mcf of gas at $4.64 per Mcf.
XTO Energy reported a volume correction for Oklahoma Royalty Interest net profits interests, adjusting gas sales to 22,000 Mcf for June and 58,000 Mcf for May, with average prices of $3.57 and $5.65 per Mcf, respectively. Excess costs increased by $21,000 for Texas Working Interests and $48,000 for Oklahoma Working Interests, without impacting net proceeds.
Cross Timbers Royalty Trust (NYSE: CRT) declared a cash distribution of $0.058252 per unit, payable on June 14, 2024, to unitholders recorded on May 31, 2024. Underlying oil and gas sales for the current month include 17,000 Bbls of oil at $76.32 per Bbl and 70,000 Mcf of gas at $4.64 per Mcf. Prior month sales were 14,000 Bbls of oil at $72.14 per Bbl and 255,000 Mcf of gas at $3.71 per Mcf. XTO Energy reported $46,000 and $366,000 of excess costs recovered from Texas and Oklahoma Working Interests, respectively, but no proceeds included in this month's distribution due to cumulative excess costs of $3,484,000 and $153,000 remaining.
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