Monitor distribution trends over the next few months to assess sustainability of higher production levels; increasing excess costs in Texas warrant caution despite current non-impact on proceeds.
Price Chart
Executive Summary
Cross Timbers Royalty Trust declared a monthly cash distribution of $0.069720 per unit, based on oil and gas sales volumes of 17,000 Bbls and 121,000 Mcf with average prices of $58.93 per barrel and $4.83 per Mcf. The distribution reflects higher production and pricing compared to the prior month, though excess costs increased on both Texas and Oklahoma properties.
Key Facts
- Declared cash distribution of $0.069720 per unit payable May 14, 2026, to unitholders of record on April 30, 2026
- Underlying oil sales: 17,000 Bbls at $58.93 per Bbl (prior month: 10,000 Bbls at $56.83)
- Underlying gas sales: 121,000 Mcf at $4.83 per Mcf (prior month: 39,000 Mcf at $4.30)
- Excess costs increased by $69,000 in Texas and $116,000 in Oklahoma, but did not reduce net proceeds
- Cumulative excess costs in Texas total $5,863,000 (including $1,594,000 accrued interest); in Oklahoma, $1,019,000 (including $14,000 interest)
Financial Impact
Distribution increased sequentially due to higher volumes and prices; no material impact from excess costs
Risk Factors
- Rising excess costs on Texas properties could eventually reduce net proceeds if not offset by higher production or prices
- Commodity price volatility in oil and gas could pressure future distributions
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-163161 |
| Document: crt-ex99_1.htm | 0001193125-26-163161 |
| Document: 0001193125-26-163161-index-headers.html | 0001193125-26-163161 |
| Document: 0001193125-26-163161-index.html | 0001193125-26-163161 |
| Document: 0001193125-26-163161.txt | 0001193125-26-163161 |
| 8-K Data (Synthetic) | 0001193125-26-163161 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 7d ago | 8-K | $13.60 | awaiting T+20 | — | $14.11 (+3.75%) |
Sep 18, 2026 5w ago | 8-K | $12.68 $12.80 | ▼ −0.93% | ▼ −0.73% | $14.11 (−11.26%) |
Aug 21, 2026 9w ago | 8-K | $10.81 $12.32 | ▲ +13.97% | ▲ +14.49% | $14.11 (+30.53%) |
Jul 21, 2026 14w ago | 8-K | $9.69 $10.58 | ▲ +9.18% | ▲ +6.62% | $14.11 (+45.61%) |
Jun 18, 2026 18w ago | 8-K | $8.93 $9.18 | ▲ +2.80% | ▲ +2.27% | $14.11 (+58.01%) |
May 18, 2026 23w ago | 8-K | $10.60 $9.76 | ▲ +7.92% | ▲ +9.51% | $14.11 (−33.11%) |
Apr 20, 2026 27w ago | 8-K | $10.49 $10.60 | ▲ +1.03% | ▼ −3.17% | $14.11 (+34.49%) |
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