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CROSS TIMBERS ROYALTY TRUST DECLARES JANUARY CASH DISTRIBUTION

1. CRT declares $0.095045 distribution per unit for February 2025. 2. Current month's oil sales were 13,000 barrels; gas sales were 114,000 Mcf. 3. Oil price averaged $68.38 per Bbl, down from $69.15 in prior month. 4. Total cumulative excess costs on properties amount to $4,260,000. 5. Recovery of $24,000 in excess costs noted, no remaining proceeds this month.

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Why Bullish?

Regular distributions signal ongoing profitability, likely attracting investors like past performances.

How important is it?

The announcement of distributions directly influences CRT investors and signals financial health.

Why Short Term?

Immediate cash distributions can affect short-term investor sentiment positively.

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XTOCRT
Resources Blog Journalists Log In Sign Up Data Privacy 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 $0.095045 per unit, payable on February 14, 2025, to unitholders of record on January 31, 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 13,000 114,000 $68.38 $3.78 Prior Month Distribution 13,000 68,000 $69.15 $3.26 (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 $24,000 of excess costs were recovered on properties underlying the Texas Working Interest net profits interests. However, after the partial recovery, there were no remaining proceeds from the properties underlying the Texas Working Interest net profits interests to be included in this month's distribution. Underlying cumulative excess costs remaining on the Texas Working Interest net profits interests total $4,260,000, including accrued interest of $1,143,000. 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

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