dividend
confidence high
sentiment neutral
materiality 0.45
Cross Timbers Royalty Trust declares Feb distribution of $0.050060/unit; reserve reaches $1.5M
CROSS TIMBERS ROYALTY TRUST
- Distribution of $0.050060/unit payable March 13, 2026 to unitholders of record February 27, 2026.
- Trustee discontinued $50,000 monthly reserve withholding after reserve reached $1,500,000 (increased over past 10 months).
- Current month underlying sales: 9,000 Bbl oil at $55.35/Bbl, 73,000 Mcf gas at $4.36/Mcf.
- Excess costs increased: Texas +$80K (cumulative $5.637M incl. interest), Oklahoma +$262K (cumulative $931K); did not reduce net proceeds.