Cross Timbers Royalty Trust Declares June Cash Distribution Amidst Declining Production and Rising Costs
CRT sits 29% above its 52-week low of $7.07.
Summary
Cross Timbers Royalty Trust declared a June cash distribution of $0.044186 per unit, reflecting ongoing declines in underlying oil and gas production and increased operational costs.
Key Events · Earnings and Guidance · CRT
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Monthly Cash Distribution Declared
The Trust declared a cash distribution of $0.044186 per unit for June, payable on July 15, 2026.
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Declining Underlying Sales Volumes and Prices
Compared to the prior month, gas sales volumes decreased from 47,000 Mcf to 27,000 Mcf, and gas prices fell from $4.98/Mcf to $4.30/Mcf. Oil sales volumes also decreased from 10,000 Bbls to 9,000 Bbls, though oil prices increased.
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Increased Excess Costs Impacting Distributions
Excess costs on the Texas Working Interest properties increased by $25,000, bringing cumulative excess costs to $5,951,000. For the Oklahoma Working Interest, despite recovering $136,000 in excess costs, there were no remaining proceeds for this month's distribution.
Analysis · CRT · Energy & Transportation
Cross Timbers Royalty Trust announced its June cash distribution of $0.044186 per unit. This distribution reflects continued pressure on underlying oil and gas sales, with decreased gas volumes and prices, and lower oil volumes compared to the prior month. Additionally, increased excess costs on the Texas Working Interest and no remaining proceeds from the Oklahoma Working Interest further impacted distributable income, following a significant 72% year-over-year decline in Q1 2026 distributable income.
At the time of this filing, CRT was trading at $9.09 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $54.5M. The 52-week trading range was $7.07 to $11.10. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.