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.
Rhea-AI Summary
Argent Trust Company, as Trustee of Cross Timbers Royalty Trust (NYSE:CRT), declared a cash distribution of $0.114156 per unit, with underlying oil and gas sales data. XTO Energy reported increased excess costs on properties but did not affect net proceeds.
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Argent Trust Company, as Trustee of the Cross Timbers Royalty Trust, declared a cash distribution of $0.115323 per unit, payable on February 14, 2024, to unitholders of record on January 31, 2024. The underlying oil and gas sales and average prices for the current and prior month distributions are also provided. Excess costs increased by $52,000 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 $3,165,000, including accrued interest of $837,000.
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Argent Trust Company, as Trustee of the Cross Timbers Royalty Trust (NYSE:CRT), declared a cash distribution of $0.142897 per unit, payable on January 16, 2024, to unitholders of record on December 29, 2023. The underlying oil and gas sales and average prices for the current and prior month distributions are as follows: Current Month Distribution - 19,000 Bbls of oil at $84.61 per Bbl, 118,000 Mcf of gas at $5.24 per Mcf. Prior Month Distribution - 21,000 Bbls of oil at $76.47 per Bbl, 140,000 Mcf of gas at $4.60 per Mcf. XTO Energy advised an increase of $726,000 in excess costs on properties underlying the Texas Working Interest net profits interests, with total remaining excess costs of $3,091,000 including accrued interest of $815,000.
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Cross Timbers Royalty Trust (NYSE:CRT) declared a cash distribution of $0.149994 per unit, payable on December 14, 2023, to unitholders of record on November 30, 2023. The distribution is based on underlying oil and gas sales and average prices. XTO Energy recovered $179,000 of excess costs on properties underlying the Texas Working Interest net profits interests, with $2,349,000 remaining in cumulative excess costs.
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Cross Timbers Royalty Trust declares October cash distribution
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Cross Timbers Royalty Trust declares September cash distribution.
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Rhea-AI Summary
Argent Trust Company, as Trustee of the Cross Timbers Royalty Trust, declared a cash distribution of $0.124242 per unit, payable on September 15, 2023. Underlying oil sales decreased from the prior month, while gas sales remained consistent. Excess costs increased by $7,000 on properties underlying the Texas Working Interest net profits interests.
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Argent Trust Company, as Trustee of the Cross Timbers Royalty Trust (NYSE:CRT), declared a cash distribution of $0.193559 per unit, payable on August 14, 2023. The underlying oil and gas sales volumes and average prices for the current and prior month distributions are provided.
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FAQ
What is the current stock price of Cross Timbers Royalty Trust (CRT)?
The current stock price of Cross Timbers Royalty Trust (CRT) is $9.61 as of December 20, 2024.
What is the market cap of Cross Timbers Royalty Trust (CRT)?
The market cap of Cross Timbers Royalty Trust (CRT) is approximately 56.7M.
What is Cross Timbers Royalty Trust?
Cross Timbers Royalty Trust is a trust that manages net profits interests from producing royalty, overriding royalty, and working interests properties located in Texas, Oklahoma, and New Mexico.
Who manages Cross Timbers Royalty Trust?
Argent Trust Company manages Cross Timbers Royalty Trust.
What are net profits interests?
Net profits interests are the income derived from the profits generated by producing properties after expenses are deducted.
Where are the trust's properties located?
The properties are located in Texas, Oklahoma, and New Mexico.
How often does Cross Timbers Royalty Trust distribute cash to unitholders?
The trust distributes cash to unitholders on a monthly basis.
Where can I find more information about Cross Timbers Royalty Trust?
More information can be found on their official website at www.crt-crosstimbers.com.
What factors influence the trust's distributions?
Distributions are influenced by oil and gas sales, underlying excess costs, production rates, and recovery of expenses.
What was the most recent distribution declared?
The most recent distribution declared was $0.058252 per unit on May 20, 2024.
Are there any recent developments in the trust's properties?
Yes, recent developments include increased drilling activities and varying recovery of excess costs affecting distribution amounts.
How does the trust ensure transparency with stakeholders?
The trust ensures transparency by consistently providing detailed financial information and updates on their official website.
Cross Timbers Royalty Trust