Cross Timbers Royalty Trust declares $0.277908 per unit October cash distribution

what happened

Argent Trust Company, trustee of the Cross Timbers Royalty Trust, declared a cash distribution of $0.277908 per unit to holders of its units of beneficial interest. Payment is due November 16, 2026, to unitholders of record on October 30, 2026. The announcement, dated October 20, 2026, was distributed by PR Newswire.

For the current month, underlying sales totaled 33,000 barrels of oil and 89,000 Mcf of gas, at average prices of $83.56 per barrel and $4.86 per Mcf. The prior month showed 10,000 barrels, 48,000 Mcf, $76.19 and $4.67. XTO Energy reported that volumes for May through July 2026 arrived from Scout Energy Management LLC, the new operator of the Hewitt Unit. Excess costs on Texas properties rose by $149,000 but did not reduce net proceeds. Remaining cumulative Texas excess costs stand at $6,517,000, including $1,797,000 of accrued interest. Oklahoma excess costs of $491,000, including $40,000 of interest, were fully recovered.

why it matters

The trust's payouts track oil and gas prices and production on its underlying properties, so higher prices in the period lifted receipts. For the broader market this is a small, company-specific item rather than a sector-wide event. The Oklahoma recovery and the remaining Texas balance show how cost recovery shapes future distributions.

tags

instruments