This is a routine monthly distribution declaration with no financial statements or guidance. The month-over-month decline in gas volumes (43%) is notable but consistent with the timing of cash receipts from XTO Energy. Monitor the next monthly announcement for volume trends and any material excess cost recovery progress on Oklahoma properties.
Price Chart
Executive Summary
Cross Timbers Royalty Trust declared its June 2026 monthly distribution of $0.044186 per unit, payable July 15. Underlying oil volumes fell 10% month-over-month to 9,000 Bbls and gas volumes dropped 43% to 27,000 Mcf, though oil price improved to $88.05/Bbl from $77.14. Cumulative excess costs on Texas interests increased by $25,000 to $5.95M, and Oklahoma interests recovered $136,000 of prior excess costs. This is a routine monthly distribution filing with no earnings or guidance — the distribution amount and volume decline reflect the timing of net profits income received by the Trust, not operational deterioration.
Key Facts
- June 2026 cash distribution declared at $0.044186 per unit
- Record date June 30, 2026; payable July 15, 2026
- Current month oil volume: 9,000 Bbls (down from 10,000 prior month)
- Current month gas volume: 27,000 Mcf (down from 47,000 prior month)
- Average oil price: $88.05/Bbl (up from $77.14 prior month)
- Average gas price: $4.30/Mcf (down from $4.98 prior month)
- Texas excess costs increased by $25,000; cumulative $5.951M including $1.660M interest
- Oklahoma excess costs partially recovered ($136,000); cumulative $842,000 including $25,000 interest
- No earnings or guidance provided — monthly distribution-only filing
Financial Impact
Monthly cash distribution of approximately $0.044 per unit; at ~13.0M units outstanding, total payout ~$574K. No revenue or earnings reported.
Risk Factors
- Cumulative Texas excess costs of $5.95M could reduce future distributions if not recovered
- Sustained weak gas volumes and pricing may pressure future payout levels
- Trust has no operational control — entirely reliant on XTO Energy (ExxonMobil) for production and cost management
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-275471 |
| Document: crt-ex99_1.htm | 0001193125-26-275471 |
| Document: 0001193125-26-275471-index-headers.html | 0001193125-26-275471 |
| Document: 0001193125-26-275471-index.html | 0001193125-26-275471 |
| Document: 0001193125-26-275471.txt | 0001193125-26-275471 |
| 8-K Data (Synthetic) | 0001193125-26-275471 |
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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