Cross Timbers Royalty Trust Declares $0.24 Quarterly Distribution
Ticker: CRT · Form: 8-K · Filed: Oct 21, 2024 · CIK: 881787
| Field | Detail |
|---|---|
| Company | Cross Timbers Royalty Trust (CRT) |
| Form Type | 8-K |
| Filed Date | Oct 21, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: distribution, royalty-trust, oil-and-gas
TL;DR
Cross Timbers Royalty Trust is paying out $0.24 per unit on Nov 15th.
AI Summary
Cross Timbers Royalty Trust announced a quarterly cash distribution of $0.24 per unit for the period ending September 30, 2024. This distribution, payable on November 15, 2024, to unitholders of record as of October 21, 2024, reflects the net profits attributable to the Trust's overriding royalty interests. The Trust's principal assets consist of overriding royalty interests in oil and gas properties located in the United States.
Why It Matters
This distribution provides income to unitholders and reflects the current profitability of the Trust's oil and gas royalty interests.
Risk Assessment
Risk Level: low — The filing is a routine distribution announcement, not indicating significant new risks.
Key Numbers
- $0.24 — Quarterly Distribution Per Unit (Represents the cash payout to unitholders for the period.)
Key Players & Entities
- Cross Timbers Royalty Trust (company) — Registrant
- Argent Trust Company (company) — Trustee
- $0.24 (dollar_amount) — Quarterly cash distribution per unit
- September 30, 2024 (date) — End of reporting period for distribution
- November 15, 2024 (date) — Payment date for distribution
- October 21, 2024 (date) — Record date for distribution
FAQ
What is the amount of the quarterly cash distribution per unit?
The quarterly cash distribution is $0.24 per unit.
What period does this distribution cover?
The distribution is for the period ending September 30, 2024.
When will the distribution be paid to unitholders?
The distribution will be paid on November 15, 2024.
Who is the trustee for Cross Timbers Royalty Trust?
Argent Trust Company is the trustee.
What is the record date for this distribution?
The record date for the distribution is October 21, 2024.
Filing Stats: 477 words · 2 min read · ~2 pages · Grade level 12.6 · Accepted 2024-10-21 15:03:16
Filing Documents
- crt_8-k_2410_distributio.htm (8-K) — 43KB
- crt-ex99_1.htm (EX-99.1) — 33KB
- 0000950170-24-115904.txt ( ) — 78KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On October 21, 2024, the Registrant issued a news release announcing its monthly cash distribution to unitholders of record on October 31, 2024. A copy of the news release is furnished as Exhibit 99.1. The information in this Current Report, including the news release attached hereto, is being furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities of that Section.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit 99.1 News Release dated October 21, 2024 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CROSS TIMBERS ROYALTY TRUST By: ARGENT TRUST COMPANY, TRUSTEE Date: October 21, 2024 By: /s/ NANCY WILLIS Nancy Willis Director of Royalty Trust Services EXXON MOBIL CORPORATION By: /s/ KRISTY WALKER Kristy Walker Unconventional Finance General Manager 3