Cross Timbers Royalty Trust - 8-K Summary
Business Context and Reporting Period
Cross Timbers Royalty Trust (CRT) filed a Current Report on Form 8-K on June 17, 2024. The Trust, managed by Argent Trust Company, holds royalty interests in oil and gas properties. This filing specifically addresses the announcement of a monthly cash distribution to unitholders.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The report focuses solely on the declaration of a distribution rather than presenting a full set of financial statements.
Material Changes
No material changes to operations or financial condition compared to prior periods are detailed in this specific filing text. The primary event is the scheduled distribution announcement.
Guidance, Outlook, and Management Commentary
On June 17, 2024, the Trust announced a monthly cash distribution to unitholders of record on June 28, 2024. The specific distribution amount per unit is not stated in the provided text but is referenced in the attached news release (Exhibit 99.1). The filing notes that the information is furnished pursuant to Item 2.02 and is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
Investor Verification Checklist
- Verify the exact distribution amount per unit by reviewing the attached news release (Exhibit 99.1).
- Confirm the record date of June 28, 2024, and the expected payment date.
- Review the Trust's most recent quarterly or annual report for underlying production volumes and commodity price assumptions driving the distribution.
- Check for any updates on the remaining life of the Trust's royalty interests.