The distribution reflects a one-time catch-up of May–July volumes from the new Hewitt Unit operator. Monitor whether future monthly distributions sustain this level or revert to prior lower run-rate as the catch-up effect fades.
Price Chart
Executive Summary
Cross Timbers Royalty Trust declared an October cash distribution of $0.277908 per unit, payable November 16, 2026. Underlying oil and gas sales volumes increased sharply to 33,000 Bbls oil and 89,000 Mcf gas (vs 10,000 Bbls and 48,000 Mcf prior month), with higher average prices of $83.56/Bbl and $4.86/Mcf. The distribution reflects catch-up revenue from Scout Energy Management LLC for May–July 2026 volumes, partially offset by a $149,000 increase in Texas excess costs.
Key Facts
- October cash distribution of $0.277908 per unit declared, payable November 16, 2026 to holders of record October 30, 2026.
- Current month underlying sales: 33,000 Bbls oil at $83.56/Bbl and 89,000 Mcf gas at $4.86/Mcf.
- Prior month distribution had 10,000 Bbls oil at $76.19/Bbl and 48,000 Mcf gas at $4.67/Mcf.
- Sales volumes for May 2026 through July 2026 received from Scout Energy Management LLC, new operator of the Hewitt Unit (Oklahoma Working Interest).
- Texas Working Interest excess costs increased by $149,000; cumulative excess costs remaining total $6,517,000 (including $1,797,000 accrued interest).
- Oklahoma Working Interest excess costs of $491,000 (including $40,000 interest) were fully recovered.
Financial Impact
Distribution of $0.277908 per unit, up from prior month's distribution (not explicitly stated but implied by lower volumes). Texas excess costs increased $149,000; cumulative $6.5M excess costs remain.
Risk Factors
- Cumulative Texas excess costs of $6.5M could reduce future net proceeds if not recovered.
- Monthly volume volatility due to timing of cash receipts from operators may cause uneven distributions.
- Dependence on XTO Energy and Scout Energy for production and cost reporting introduces operational uncertainty.
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-426000 |
| Document: crt-ex99_1.htm | 0001193125-26-426000 |
| Document: 0001193125-26-426000-index-headers.html | 0001193125-26-426000 |
| Document: 0001193125-26-426000-index.html | 0001193125-26-426000 |
| Document: 0001193125-26-426000.txt | 0001193125-26-426000 |
| 8-K Data (Synthetic) | 0001193125-26-426000 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 7d ago | 8-K | $13.60 | awaiting T+20 | — | $14.18 (+4.26%) |
Sep 18, 2026 5w ago | 8-K | $12.68 $12.80 | ▼ −0.93% | ▼ −0.73% | $14.18 (−11.81%) |
Aug 21, 2026 9w ago | 8-K | $10.81 $12.32 | ▲ +13.97% | ▲ +14.49% | $14.18 (+31.17%) |
Jul 21, 2026 14w ago | 8-K | $9.69 $10.58 | ▲ +9.18% | ▲ +6.62% | $14.18 (+46.34%) |
Jun 18, 2026 18w ago | 8-K | $8.93 $9.18 | ▲ +2.80% | ▲ +2.27% | $14.18 (+58.79%) |
May 18, 2026 23w ago | 8-K | $10.60 $9.76 | ▲ +7.92% | ▲ +9.51% | $14.18 (−33.77%) |
Apr 20, 2026 27w ago | 8-K | $10.49 $10.60 | ▲ +1.03% | ▼ −3.17% | $14.18 (+35.15%) |
US Market Status
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