Cross Timbers Royalty Trust Declares February Distribution, Ends Reserve Fund Withholding
CRT sits 21% above its 52-week low of $7.07.
Summary
Cross Timbers Royalty Trust declared its February cash distribution and announced the completion of its reserve fund increase, leading to the discontinuation of monthly withholdings.
Key Events · Earnings and Guidance · CRT
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Monthly Cash Distribution Declared
The Trust declared a cash distribution of $0.050060 per unit for February, payable on March 13, 2026, to unitholders of record on February 27, 2026.
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Reserve Fund Target Reached
The Trustee has completed the increase to the reserve funds, which now stand at a balance of $1,500,000.
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Monthly Withholding Discontinued
The $50,000 monthly withholding from distributions, which had been in place for the past ten months to build the reserve, has been discontinued.
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Oil and Gas Sales Data Provided
The filing included underlying oil and gas sales volumes and average prices for both the current and prior month distributions.
Analysis · CRT · Energy & Transportation
Cross Timbers Royalty Trust announced its February cash distribution and, more significantly, confirmed that its reserve fund has reached the target balance of $1,500,000. As a result, the Trustee has discontinued the $50,000 monthly withholding that had been in place for the past ten months. This cessation of withholding is a positive development for unitholders, as it means more of the trust's future income will be available for distribution, directly impacting unitholder returns.
At the time of this filing, CRT was trading at $8.56 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $51.9M. The 52-week trading range was $7.07 to $13.31. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.