dividend
confidence high
sentiment neutral
materiality 0.25
Cross Timbers Royalty Trust declares May distribution of $0.058252/unit
CROSS TIMBERS ROYALTY TRUST
- Distribution of $0.058252 per unit payable June 14, 2024 to holders of record May 31, 2024.
- Current month underlying sales: 17,000 Bbls oil at $76.32/Bbl and 70,000 Mcf gas at $4.64/Mcf.
- Prior month distribution had 14,000 Bbls oil and 255,000 Mcf gas; out-of-period gas revenues boosted prior month.
- Excess costs recovered: $46,000 on Texas WI (none remaining for distribution) and $366,000 on Oklahoma WI.
- Cumulative excess costs: $3,484,000 (Texas WI) including $931,000 interest; $153,000 (Oklahoma WI) including $9,000 interest.