Cross Timbers (NYSE: CRT) details March cash payout and production data

Rhea-AI Filing Summary

Cross Timbers Royalty Trust declared a March cash distribution of $0.000923 per unit, payable on April 14, 2026 to unitholders of record on March 31, 2026.

Underlying oil and gas sales for the current distribution were 10,000 barrels of oil and 39,000 Mcf of gas, at average prices of $56.83 per barrel and $4.30 per Mcf. XTO Energy reported a $95,000 increase in excess costs on Texas Working Interest properties, bringing underlying cumulative excess costs there to $5,762,000, including $1,561,000 of accrued interest. On Oklahoma Working Interest properties, $39,000 in excess costs were recovered, with remaining underlying cumulative excess costs of $897,000, including $9,000 of accrued interest.

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, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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): March 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 March 20, 2026, the Registrant issued a news release announcing its monthly cash distribution to unitholders of record on March 31, 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 March 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:	March 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 MARCH CASH DISTRIBUTION

Dallas, Texas, March 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 $0.000923 per unit, payable on April 14, 2026, to unitholders of record on March 31, 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		10,000		39,000		$56.83		$4.30
Prior Month Distribution		9,000		73,000		$55.35		$4.36
(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.

Excess Costs

XTO Energy has advised the Trustee that excess costs increased by $95,000 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 $5,762,000, including accrued interest of $1,561,000.

XTO Energy has advised the Trustee that $39,000 of excess costs were recovered on properties underlying the Oklahoma Working Interest net profits interests. However, after the partial recovery, there were no remaining proceeds from the properties underlying the Oklahoma Working Interest net profits interests to be included in this month’s distribution. Underlying cumulative excess costs remaining on the Oklahoma Working Interest net profits interests total $897,000, including accrued interest of $9,000.

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

FAQ

What cash distribution did Cross Timbers Royalty Trust (CRT) declare for March 2026?

Cross Timbers Royalty Trust declared a March 2026 cash distribution of $0.000923 per unit. It will be paid on April 14, 2026, to unitholders of record on March 31, 2026, as stated in the news release.

When is the record date and payment date for CRT’s March 2026 distribution?

The record date for CRT’s March 2026 cash distribution is March 31, 2026, and the payment date is April 14, 2026. Holders of units on the record date will receive the stated per-unit distribution.

What underlying oil and gas volumes support CRT’s current distribution?

For the current distribution, underlying sales were 10,000 barrels of oil and 39,000 Mcf of gas. Average realized prices were $56.83 per barrel for oil and $4.30 per Mcf for gas, based on reported net profits income.

How did underlying volumes and prices for CRT change versus the prior month?

The current distribution reflects 10,000 oil barrels versus 9,000 previously, and 39,000 Mcf of gas versus 73,000. Average oil price rose to $56.83 from $55.35, while gas price was $4.30 versus $4.36 in the prior month distribution.

What are the excess costs on CRT’s Texas Working Interest net profits interests?

XTO Energy reported that excess costs on Texas Working Interest properties increased by $95,000. Underlying cumulative excess costs now total $5,762,000, including $1,561,000 of accrued interest, according to the trustee’s disclosure.

What excess cost recovery was reported for CRT’s Oklahoma Working Interest interests?

For Oklahoma Working Interest properties, XTO Energy advised that $39,000 of excess costs were recovered. After this partial recovery, underlying cumulative excess costs remain $897,000, including $9,000 of accrued interest, with no remaining proceeds from these properties in this month’s distribution.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 33.4 KB