Cross Timbers Royalty Trust Announces Latest Cash Distribution
In a recent update, Argent Trust Company, serving as the Trustee for the Cross Timbers Royalty Trust, has declared a cash distribution for unitholders. The distribution amount has been set at $0.114705 per unit. This payment will be processed on a specified date to unitholders whose records are current. Such distributions reflect the trust's commitment to delivering value to its investors.
Overview of Cash Distribution
It's essential for investors in the Cross Timbers Royalty Trust (NYSE: CRT) to be aware of the latest cash distribution details. The distribution is a direct result of the trust's operations and financial health, providing critical insights into its performance in the oil and gas market. Cash distributions are calculated based on revenue generated from underlying oil and gas sales, which fluctuate due to various market conditions.
Current Month Performance
In the current reporting month, gas volumes saw a notable increase compared to the previous month. This surge is attributed to out-of-period revenues connected to specific operational units in Oklahoma. Such boosts in performance can lead to increased cash distributions, benefiting unitholders significantly.
Prior Month Insights
The previous month's distribution illustrated a solid performance as well, aligning with the trust's historical trend of profitability. Assessing prior distributions can offer a longer view of the trust's financial trajectory, revealing patterns that are crucial for current and prospective investors.
Understanding Sales Volumes and Prices
Oil and gas sales volumes can vary month-to-month based on numerous factors, including timing of cash receipts and operational efficiency. This month, the trust reported sales volumes of 10,000 barrels of oil and 245,000 Mcf of gas. Moreover, average prices per unit also play a vital role in the overall financial output, with current prices being reported at $59.39 for oil and $4.22 for gas. Understanding these metrics is essential for evaluating investment opportunities.
Excess Costs Impact
While encouraging news surrounds rising sales, an important note from XTO Energy reveals an increase in excess costs, which climbed by $108,000 under the Texas Working Interest net profits interests. Despite this increase, it is noteworthy that net proceeds from other conveyances remained unaffected. Investors should remain alert to such fluctuations as they can impact future distributions.
Conclusion and Further Information
As the Cross Timbers Royalty Trust continues to navigate the complexities of the market, staying informed about cash distributions and underlying sales performance is crucial. Investors can gain a clearer picture of their investment by monitoring these updates regularly. For more comprehensive information about the trust's tax details, past distribution amounts, and other essential reports, interested parties are encouraged to visit our website.
Frequently Asked Questions
What is the amount of the declared cash distribution for this month?
The declared cash distribution for this month is $0.114705 per unit.
When will the cash distribution be paid to unitholders?
The cash distribution will be paid on a specific date set for approved unitholders.
What caused the increase in gas volumes this month?
The increase in gas volumes is primarily due to out-of-period revenues connected to operations in specific regions.
How do excessive costs affect the trust's net profits?
Excess costs can negatively impact net profits; however, in this case, they did not reduce proceeds from other conveyances.
Where can I find detailed reports and past distributions for the trust?
Detailed reports and historical distributions can be accessed through the trust's official website.
