1. Cross Timbers Royalty Trust declared a distribution of $0.035849 per unit. 2. Distribution payable on July 15, 2025, for record holders by June 30, 2025. 3. Current oil sales decreased to 11,000 Bbls from 13,000 Bbls last month. 4. Average oil price fell to $62.83 per Bbl, from $67.18 in the prior month. 5. Excess costs increased significantly, but did not reduce net proceeds.
The decline in sales volumes and average prices signals decreased revenue potential, similar to past downturns, impacting investor confidence.
The distribution amount and oil price fluctuations are critical for investor sentiment, influencing CRT's short-term stock performance.
Immediate effects will be felt leading up to the distribution date; longer-term impacts depend on market recovery.
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 $0.035849 per unit, payable on July 15, 2025, to unitholders of record on June 30, 2025. The following table shows underlying oil and gas sales and average prices attributable to the current month and prior month distributions.
| Volumes (a) | Average Price | Oil (Bbls) | Gas (Mcf) | Oil (per Bbl) | Gas (per Mcf) |
|---|---|---|---|---|---|
| Current Month Distribution | 11,000 | 66,000 | $62.83 | $4.89 | |
| Prior Month Distribution | 13,000 | 72,000 | $67.18 | $5.80 |
(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.
XTO Energy has advised the Trustee that excess costs increased by $91,000 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 $4,786,000, including accrued interest of $1,281,000.
XTO Energy has advised the Trustee excess costs increased by $72,000 on properties underlying the Oklahoma 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 Oklahoma Working Interest net profits interests total $72,000.
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