Form 8-K - Current report
19 12월 2023 - 2:49AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT
REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): December 18, 2023
CROSS TIMBERS ROYALTY TRUST
(Exact Name of Registrant as Specified in Its Charter)
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Texas |
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1-10982 |
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75-6415930 |
(State or other jurisdiction
of Incorporation) |
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(Commission
File Number) |
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(IRS Employer
Identification No.) |
Argent Trust Company
Trustee
3838 Oak Lawn
Ave, Suite 1720
Dallas, Texas 75219-4518
(Address of Principal Executive Offices) (Zip Code)
Registrants Telephone Number, Including Area Code (855) 588-7839
(Former Name or Former Address, if Changed Since Last Report) NONE
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions (see General Instruction A.2. below):
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12) |
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class |
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Trading
symbol |
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Name of each exchange
on which registered |
Units of Beneficial Interest |
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CRT |
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New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of
1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On December 18, 2023, the Registrant issued a news release announcing its monthly cash distribution to unitholders of record on December 29, 2023. 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.
Item 9.01. Financial Statements and Exhibits.
2
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.
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CROSS TIMBERS ROYALTY TRUST |
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By: ARGENT TRUST COMPANY, TRUSTEE |
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Date: December 18, 2023 |
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By: |
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/s/ NANCY WILLIS |
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Nancy Willis |
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Vice President |
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EXXON MOBIL CORPORATION |
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By: |
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/s/ WENDI POWELL |
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Wendi Powell |
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Upstream Controller |
3
EXHIBIT 99.1
[NEWS RELEASE LETTERHEAD OF CROSS TIMBERS ROYALTY TRUST APPEARS HERE]
CROSS TIMBERS ROYALTY TRUST
DECLARES DECEMBER CASH DISTRIBUTION
Dallas, Texas, December 18, 2023 Argent Trust Company, as Trustee of the Cross Timbers Royalty Trust (the
Trust) (NYSE:CRT), today declared a cash distribution to the holders of its units of beneficial interest of $0.142897 per unit, payable on January 16, 2024, to unitholders of record on December 29, 2023. The following table
shows underlying oil and gas sales and average prices attributable to the current month and prior month distributions.
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Underlying Sales |
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Volumes (a) |
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Average Price |
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Oil (Bbls) |
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Gas (Mcf) |
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Oil (per Bbl) |
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Gas (per Mcf) |
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Current Month Distribution |
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19,000 |
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118,000 |
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$ |
84.61 |
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$ |
5.24 |
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Prior Month Distribution |
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21,000 |
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140,000 |
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$ |
76.47 |
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$ |
4.60 |
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(a) |
Sales volumes are recorded in the month the Trust receives the related net profits income. Because of
this, sales volumes may fluctuate from month to month based on the timing of cash receipts. |
Excess Costs
XTO Energy has advised the Trustee excess costs increased by $726,000 on properties underlying the Texas Working Interest net profits
interests. However, these excess costs did not reduce net proceeds from the remaining conveyances. Underlying cumulative excess costs remaining on the Texas Working Interest net profits interests total $3,091,000, including accrued interest of
$815,000.
For more information on the Trust, please visit our website at
www.crt-crosstimbers.com.
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Contact: |
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Nancy Willis Vice President
Argent Trust Company, Trustee 855-588-7839 |
Cross Timbers Royalty (NYSE:CRT)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
Cross Timbers Royalty (NYSE:CRT)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024