Cross Timbers (NYSE: CRT) declares October payout at $0.277908

What happened

Cross Timbers Royalty Trust (NYSE: CRT) declared a cash distribution of $0.277908 per unit on October 20, 2026. The distribution is payable on November 16, 2026, to unitholders of record on October 30, 2026. The release said current-month oil sales were 33,000 Bbls at $83.56 per Bbl and gas sales were 89,000 Mcf at $4.86 per Mcf. The prior month distribution showed 10,000 Bbls of oil at $76.19 per Bbl and 48,000 Mcf of gas at $4.67 per Mcf.

XTO Energy said sales volumes for May 2026 through July 2026 were received in the current month from Scout Energy Management LLC, the new operator of the Hewitt Unit. XTO Energy also said excess costs increased by $149,000 on Texas Working Interest net profits interests, while $491,000 of Oklahoma excess costs, including $40,000 of interest, were fully recovered. The filing said those Texas excess costs did not reduce net proceeds from the remaining conveyances.

Key numbers

Metric	Latest	Change	Source
Cash distribution per unit	$0.277908 per unit		SEC Exhibit 99.1 news release
Oil sales volume	33,000 Bbls	from 10,000 Bbls, +230%	SEC Exhibit 99.1 news release
Gas sales volume	89,000 Mcf	from 48,000 Mcf, +85.4%	SEC Exhibit 99.1 news release
Oil average price	$83.56 per Bbl	from $76.19 per Bbl, +9.7%	SEC Exhibit 99.1 news release
Gas average price	$4.86 per Mcf	from $4.67 per Mcf, +4.1%	SEC Exhibit 99.1 news release
Texas cumulative excess costs remaining	$6.52 million		SEC Exhibit 99.1 news release

Read more: Cross Timbers Royalty Trust (CRT) stock analysis and investment case

Why it matters

The filing sets a baseline for the monthly trust payout and the remaining Texas excess-cost balance. The reported volumes and prices matter because they move with the trust's monthly oil and gas receipts. Oil volume rose to 33,000 Bbls from 10,000 Bbls, a 230% increase, and gas volume rose to 89,000 Mcf from 48,000 Mcf, an 85.4% increase. Oil averaged $83.56 per Bbl versus $76.19, and gas averaged $4.86 versus $4.67.

Underlying cumulative excess costs remaining on the Texas Working Interest net profits interests total $6.52 million, including $1.8 million of accrued interest. The Texas excess-cost increase of $149,000 shows the balance is still moving, even as Oklahoma excess costs were fully recovered. The filing says sales volumes may change from month to month based on when cash receipts arrive.

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What's next

The next dated event in the filing is November 16, 2026, when the distribution is payable to record holders from October 30, 2026. The next monthly release will show whether the higher oil and gas volumes or the timing of cash receipts keeps the pattern in place. A weaker report would fit the filing's warning that monthly volumes can swing with receipt timing.

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