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.
On April 18, 2023, Argent Trust Company announced a cash distribution of $0.244670 per unit for holders of Cross Timbers Royalty Trust (NYSE:CRT). This payment is scheduled for May 12, 2023, to unitholders recorded as of April 28, 2023. The report detailed underlying sales, revealing current month oil sales of 14,000 Bbls and gas sales of 98,000 Mcf. The average price per barrel of oil was $75.27, while gas was $16.37. In comparison, the prior month recorded 19,000 Bbls of oil and 93,000 Mcf of gas with higher average prices of $81.55 for oil and $10.25 for gas. Despite an increase in excess costs by $139,000, these did not impact the net proceeds from the remaining conveyances significantly.
On March 21, 2023, Cross Timbers Royalty Trust (NYSE:CRT) announced a cash distribution of $0.179256 per unit for its unitholders, payable on April 14, 2023, to those on record by March 31, 2023. Current month sales showed 19,000 Bbls of oil and 93,000 Mcf of gas, with average prices at $81.55 per Bbl and $10.25 per Mcf. Compared to the previous month, oil volumes increased from 11,000 Bbls while gas volumes rose from 100,000 Mcf. However, excess costs increased by $34,000 for Texas properties, although this did not affect net proceeds significantly.
Cross Timbers Royalty Trust (NYSE:CRT) has announced a cash distribution of
On January 20, 2023, Argent Trust Company, as Trustee of the Cross Timbers Royalty Trust (NYSE:CRT), announced a cash distribution of
Simmons Bank, as Trustee of the Cross Timbers Royalty Trust (NYSE: CRT), announced a cash distribution of $0.150335 per unit, payable on January 17, 2023, to unitholders as of December 30, 2022. The current month distribution reflects sales of 14,000 barrels of oil and 101,000 Mcf of gas, with average prices of $84.61 per barrel and $10.44 per Mcf. Additionally, the Trust reported $214,000 of excess cost recoveries, but cumulative excess costs remain at $1.8 million. A new trustee, Argent Trust Company, will replace the current trustee on December 30, 2022.
Cross Timbers Royalty Trust announced a cash distribution of $0.161024 per unit, to be paid on December 14, 2022, for unitholders of record by November 30, 2022. The current month saw sales of 12,000 barrels of oil and 93,000 Mcf of gas, with average prices of $85.47 for oil and $10.74 for gas. Compared to the prior month, oil sales remained the same, while gas sales increased slightly from 92,000 Mcf. However, excess costs rose by $67,000 in Texas and $377,000 in Oklahoma, totaling $2.0 million and $0.7 million respectively in cumulative excess costs after the distribution.
Simmons Bank, as Trustee of the Cross Timbers Royalty Trust (CRT), has declared a cash distribution of $0.149149 per unit, payable on November 15, 2022. Unitholders of record on October 31, 2022 will receive this distribution. Current oil sales totaled 12,000 Bbls while gas sales were 92,000 Mcf, with average prices of $95.77 per barrel and $10.40 per Mcf, respectively. Notably, cumulative excess costs of $1.9 million for Texas and $0.4 million for Oklahoma were reported, affecting distributions.
Cross Timbers Royalty Trust (NYSE:CRT) has announced a cash distribution of $0.200401 per unit, scheduled for October 17, 2022, to unitholders of record as of September 30, 2022. The Trust reported 13,000 Bbls of oil and 107,000 Mcf of gas for this distribution, with average prices of $104.88 per Bbl and $9.55 per Mcf. Although $45,000 has been recovered in excess costs related to Texas properties, there are still $2.0 million in cumulative excess costs remaining.
Cross Timbers Royalty Trust (CRT) announced a cash distribution of $0.230619 per unit, set for September 15, 2022, with a record date of August 31, 2022. The statement detailed the underlying oil and gas sales for the current and prior months. Current month figures include 13,000 barrels of oil and 107,000 Mcf of gas sold, with average prices of $108.03 per barrel and $9.42 per Mcf. Notably, the trustee reported a recovery of $95,000 in excess costs, but $2.0 million in cumulative excess costs remains.
Simmons Bank, as Trustee of the Cross Timbers Royalty Trust (NYSE: CRT), declared a cash distribution of $0.191690 per unit, payable on August 12, 2022, to unitholders of record on July 29, 2022. Current month oil sales reached 15,000 Bbls with an average price of $93.55 per Bbl, while gas sales totaled 108,000 Mcf at $7.84 per Mcf. In contrast, the prior month saw oil sales of 14,000 Bbls priced at $87.02 and gas sales of 284,000 Mcf at $6.59. Cumulative excess costs of $2.1 million remain on Texas Working Interest net profits interests.
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