dividend
confidence high
sentiment neutral
materiality 0.40
Cross Timbers Royalty Trust declares $0.0961/unit monthly distribution for July 2024
CROSS TIMBERS ROYALTY TRUST
- Distribution of $0.096137 per unit payable August 14, 2024, to holders of record July 31, 2024.
- Underlying sales: 12,000 Bbls oil at $78.39/Bbl and 186,000 Mcf gas at $4.03/Mcf.
- Volume correction in prior month reduced reported gas sales to 22,000 Mcf; no effect on distribution.
- Excess costs on Texas Working Interest up $142k; cumulative excess $3.7M including $981k interest.
- Excess costs of $204k fully recovered on Oklahoma Working Interest net profits interests.