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CROSS TIMBERS ROYALTY TRUST DECLARES JULY CASH DISTRIBUTION
Prnewswire· 2024-07-19 12:58
Core Viewpoint - Argent Trust Company, as Trustee of the Cross Timbers Royalty Trust, announced a cash distribution of $0.096137 per unit, payable on August 14, 2024, to unitholders of record on July 31, 2024 [1] Distribution Details - The current month distribution includes underlying sales volumes of 12,000 barrels of oil and 186,000 Mcf of gas, with average prices of $78.39 per barrel and $4.03 per Mcf [5] - The prior month distribution had the same oil sales volume of 12,000 barrels but lower gas sales volume of 10,000 Mcf, with average prices of $84.42 per barrel and $8.14 per Mcf [5] - A volume correction for the prior month indicates that underlying gas sales volumes would have been 22,000 Mcf, with an average gas price of $3.57 per Mcf, but this did not affect cash distributions [5] Excess Costs - XTO Energy reported an increase in excess costs of $142,000 on properties underlying the Texas Working Interest net profits interests, with cumulative excess costs totaling $3,696,000, including accrued interest of $981,000 [3] - For the Oklahoma Working Interest net profits interests, excess costs of $204,000, including accrued interest of $11,000, were fully recovered [8]
Cross Timbers Royalty Trust(CRT) - 2024 Q1 - Quarterly Results
2024-06-17 15:10
Financial Distribution - The registrant announced a monthly cash distribution to unitholders of record on June 28, 2024[10] - The news release is attached as Exhibit 99.1, providing further details on the cash distribution[12] Regulatory Filing - The report is filed under Item 2.02 of Form 8-K, indicating results of operations and financial condition[2] - The filing is made pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934[7] - The report does not classify the registrant as an emerging growth company[8] Company Information - The registrant is identified as Cross Timbers Royalty Trust, with Argent Trust Company as the trustee[7] Financial Performance - The report does not include specific financial performance metrics or user data[2] - The registrant has not indicated any new product or technology developments in this report[2] - There is no mention of market expansion or acquisitions in the current report[2] - The registrant has not disclosed any future outlook or performance guidance in this filing[2]
CROSS TIMBERS ROYALTY TRUST DECLARES JUNE CASH DISTRIBUTION
Prnewswire· 2024-06-17 13:00
(a.) Sales volumes are recorded in the month the Trust receives the related net profits income. Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts. Excess Costs XTO Energy has advised the Trustee that excess costs increased by $21,000 on properties underlying the Texas Working Interest net profits interests. However, these excess costs did not reduce net proceeds from the remaining conveyances. Underlying cumulative excess costs remaining on the Texas Worki ...
SeaStar Medical's Selective Cytopheretic Device Featured in Two Presentations at the 42nd Vicenza Course AKI-CRT-ECOS and Critical Care Nephrology
GlobeNewswire News Room· 2024-06-11 12:30
"The prestigious International Vicenza Course is known for showcasing breakthroughs in the field of extracorporeal organ support. It is an honor to be invited to showcase our SCD technology by Dr. Claudio Ronco, director of the International Renal Research Institute of Vicenza (IRRIV) and internationally recognized thought leader in the field," said Kevin Chung, MD, SeaStar Medical Chief Medical Officer. "Our SCD offers a groundbreaking approach to treating critically ill pediatric and adult AKI patients. W ...
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 ...