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CT REIT: New Distribution Hike Pushes Yield To 6.7% At 74% Payout Ratio
Seeking Alpha· 2024-06-07 14:30
Debt Principal Repayments¹ $700 7.00% $600 6.00% 5.00% $500 $400 4.009 $300 $200 2.00% $100 1.00% 0.00% $0 2033 CT REIT Investor Relations In a worst-ease scenario and assuming the average cost of debt increases to 5.25% on average (I don't expect this to happen as the Bank of Canada has started to reduce its interest rates while some of CT REIT's cheap fixed rate debt will keep the average below 5.25% even if new debt has to be issued with a higher coupon), the interest expenses would increase by just unde ...
CROSS TIMBERS ROYALTY TRUST DECLARES MAY CASH DISTRIBUTION
prnewswire.com· 2024-05-20 13:15
Excess Costs XTO Energy has advised the Trustee that $46,000 of excess costs were recovered on properties underlying the Texas Working Interest net profits interests. However, after the partial recovery, there were no remaining proceeds from the properties underlying the Texas Working Interest net profits interests to be included in this month's distribution. Underlying cumulative excess costs remaining on the Texas Working Interest net profits interests total $3,484,000, including accrued interest of $931, ...
Cross Timbers Royalty Trust(CRT) - 2024 Q1 - Quarterly Report
2024-05-14 20:22
FORM 10-Q OR (Exact name of registrant as specified in its charter) Texas 1-10982 75-6415930 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.) | --- | --- | --- | |-------|-----------------------------|-------| | | | | | | | | | ☐ | Accelerated filer | | | | Smaller reporting company | | | | Emerging growth company | | Table of Contents ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the ...
Cross Timbers Royalty Trust(CRT) - 2023 Q4 - Annual Report
2024-04-01 20:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Table of Contents ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Registrant's telephone number, including area code (at the office of the Corporate Trustee): (855) 588-7839 Securities registered pursuant to Section 12(b) of th ...
CROSS TIMBERS ROYALTY TRUST DECLARES FEBRUARY CASH DISTRIBUTION
Prnewswire· 2024-02-16 14:15
DALLAS, Feb. 16, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Cross Timbers Royalty Trust (the "Trust") (NYSE:CRT), today declared a cash distribution to the holders of its units of beneficial interest of $0.114156 per unit, payable on March 14, 2024, to unitholders of record on February 29, 2024. The following table shows underlying oil and gas sales and average prices attributable to the current month and prior month distributions. Underlying Sales Volumes (a)  Average Price ...
Cross Timbers Royalty Trust: Quality Of Reports Needs To Improve Before I Would Buy
Seeking Alpha· 2024-01-29 14:48
mysticenergyWhile Cross Timbers Royalty Trust (NYSE:CRT) yields a respectable 9.48% (TTM) many investors, including myself, have ignored this energy trust partially because their monthly news releases contain very limited needed data, and their reporting has been too confusing. Until the trust improves the quality of their reports, I am giving CRT a neutral/hold rating. Data by YChartsRoyalty Interest and Working Interest Cross Timbers Royalty Trust owns a combination of 90% royalty (and overriding roya ...
Cross Timbers Royalty Trust(CRT) - 2023 Q3 - Quarterly Report
2023-11-12 16:00
Form 10-Q For the transition period from to . (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.) Texas 1-10982 75-6415930 Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☐ ...
Cross Timbers Royalty Trust(CRT) - 2023 Q2 - Quarterly Report
2023-08-10 16:00
Table of Contents [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Cross Timbers Royalty Trust (Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that ...
Cross Timbers Royalty Trust(CRT) - 2023 Q1 - Quarterly Report
2023-05-11 16:00
3. Contingencies Litigation A federal district court approved the settlement of a royalty class action lawsuit against XTO Energy Inc. (Chieftain Royalty Company v. XTO Energy Inc.) in March 2018. In July 2018, the class plaintiffs submitted their plan to allocate the settlement funds among members of the class. After that plan of allocation was approved, XTO Energy advised the Trustee that, based upon that plan, approximately $40,000 should be allocated to the Trust as additional production costs. The Trus ...
Cross Timbers Royalty Trust(CRT) - 2022 Q4 - Annual Report
2023-03-29 16:00
Table of Contents Form 10-K | --- | --- | --- | |------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------|-----------------------------------------------------| | Commission \n(Exact name of registrant as | File No. 1-10982 \nCross Timbers Royalty specified in its charter) | Trust | | Texas (State or other jurisdiction of incorporation or organization) | | 75-6415930 (I.R.S. Employer Identifica ...