dividend
confidence high
sentiment neutral
materiality 0.30
Cross Timbers Royalty Trust declares Dec distribution $0.062265/unit; gas volumes fall 21%
CROSS TIMBERS ROYALTY TRUST
- Distribution of $0.062265/unit payable Jan 15, 2025 to holders of record Dec 31, 2024.
- Underlying sales: oil 13,000 Bbls at $69.15/Bbl; gas 68,000 Mcf at $3.26/Mcf.
- Prior month: oil 13,000 Bbls at $71.39/Bbl; gas 86,000 Mcf at $3.54/Mcf (volumes -21%, prices -8%).
- Excess costs increased $69,000; cumulative excess costs $4,256,000 including $1,115,000 accrued interest.