Cross Timbers Royalty Trust Declares Cash Distribution for Unitholders
Argent Trust Company, as the Trustee of the Cross Timbers Royalty Trust (NYSE: CRT), has recently announced a cash distribution for the holders of its units of beneficial interest. This distribution amounts to $0.035849 per unit and will be payable to unitholders of record shortly. As a part of maintaining transparency, the trust has also provided valuable insights into oil and gas sales and pricing attributes tied to these distributions.
Distribution Details
The current cash distribution represents a critical component in the ongoing operations of the Trust. It is crucial for unitholders to stay informed of these details to understand their investment better. The unit distribution provides direct insights into the financial health and operations of the Trust and highlights the management's commitment to delivering value to its unitholders.
Sales and Pricing Information
To further illuminate the performance of the Cross Timbers Royalty Trust, the accompanying analysis presents the underlying oil and gas sales figures from the recent cash distribution period. For example, the reported sales volumes for the current month included 11,000 barrels of oil and 66,000 Mcf of gas, accompanied by average prices of $62.83 per barrel for oil and $4.89 per Mcf for gas. These figures help contextualize the financial distribution against market conditions.
Past Month Performance
In looking at the previous month's performance, the Trust recorded 13,000 barrels of oil and 72,000 Mcf of gas. The average prices were $67.18 per barrel and $5.80 per Mcf respectively. This comparison between current and prior monthly distributions is invaluable for investors wanting to gauge operational trends and market responsiveness.
Understanding Excess Costs
An important aspect that unitholders should be aware of is the excess costs reported by XTO Energy. These costs have indeed grown and impacted the overall cash flow from the Trust's cash-generating assets. Recently, excess costs on properties related to Texas Working Interest net profits interests showed an increase of $91,000. Such increases, however, did not adversely affect net proceeds from the remaining conveyances.
Implications of Excess Costs
In a parallel report, excess costs associated with Oklahoma Working Interest net profits interests also increased, this time reflecting a rise of $72,000. It's worth noting that the cumulative excess costs on these interests remain a key consideration for unitholders moving forward, totaling $4,786,000, inclusive of accrued interest.
Company Transparency and Future Directions
For those looking to explore further insights into Cross Timbers Royalty Trust’s operations, details on annual tax information, distribution amounts, and historical data are readily available on the Trust's dedicated website. This level of transparency ensures that unitholders can make informed decisions based on comprehensive financial data. The Trust’s efforts to maintain open channels of communication reflect their commitment to their investors.
Frequently Asked Questions
What is the recent cash distribution declared by Cross Timbers Royalty Trust?
The recent cash distribution declared is $0.035849 per unit for unitholders.
When will the distribution be payable?
The distribution is payable shortly to unitholders of record.
How did the current month's oil and gas sales compare to last month?
Current month sales included 11,000 barrels of oil and 66,000 Mcf of gas, while last month saw 13,000 barrels and 72,000 Mcf respectively.
What has been the impact of excess costs on the Trust's financials?
Excess costs have increased due to operational management, but they did not reduce net proceeds from remaining conveyances.
Where can I find more information about Cross Timbers Royalty Trust?
More information, including historical data and tax details, can be found on the Trust's website.
