StockNews.AI
CRT
StockNews.AI
182 days

CROSS TIMBERS ROYALTY TRUST DECLARES FEBRUARY CASH DISTRIBUTION

1. Announced cash distribution of $0.045553 per CRT unit. 2. Current oil sales decreased to 12,000 Bbls, previous was 13,000 Bbls. 3. Average oil price decreased slightly to $68.15 per Bbl. 4. Excess costs increased by $9,000; cumulative excess costs at $4,296,000. 5. Distribution payable on March 14, 2025, for unitholders of record by February 28.

6m saved
Insight
Article

FAQ

Why Neutral?

The slight decrease in sales and average price may keep CRT stable. Previous examples show minor oil price fluctuations did not heavily affect distributions.

How important is it?

The distribution announcement is significant but overshadowed by slight decreases in volume and price. However, it does indicate instructions for active investors monitoring CRT.

Why Short Term?

The financial effects from this distribution and cost insights will be immediate. Historical trends indicate swift responses to quarterly reports but short-lived influences on long-term pricing.

Related Companies

XTOCRT
Resources Blog Journalists Client Login Send a Release News Products Contact , /PRNewswire/ -- 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 $0.045553 per unit, payable on March 14, 2025, to unitholders of record on February 28, 2025. 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 12,000 90,000 $68.15 $3.51 Prior Month Distribution 13,000 114,000 $68.38 $3.78 (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 $9,000 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 $4,296,000, including accrued interest of $1,171,000.              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. SOURCE Cross Timbers Royalty Trust WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In Also from this source

Related News