In the news release, CROSS TIMBERS ROYALTY TRUST DECLARES FEBRUARY CASH DISTRIBUTION, issued 17-Feb-2026 by Cross Timbers Royalty Trust over PR Newswire, we are advised by the company that the "Cash Reserve" paragraph has been added to the release. The complete, corrected release follows:
DALLAS, Feb. 17, 2026 /PRNewswire/ -- 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 $0.050060 per unit, payable on March 13, 2026, to unitholders of record on February 27, 2026. The following table shows underlying oil and gas sales and average prices attributable to the current month and prior month distributions.
| | | Underlying Sales | | | ||||||
| | | Volumes (a) | | Average Price | ||||||
| | | Oil (Bbls) | | Gas (Mcf) | | Oil (per Bbl) | | Gas (per Mcf) | ||
| | ||||||||||
| Current Month Distribution | | 9,000 | | 73,000 | | $55.35 | | $4.36 | ||
| | ||||||||||
| Prior Month Distribution | | 10,000 | | 73,000 | | $57.62 | | $4.13 | ||
| | ||||||||||
| (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 that excess costs increased by $80,000 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 $5,637,000, including accrued interest of $1,532,000.
XTO Energy has advised the Trustee that excess costs increased by $262,000 on properties underlying the Oklahoma 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 Oklahoma Working Interest net profits interests total $931,000, including accrued interest of $4,000.
Cash Reserve
In accordance with Section 3.08 of the Cross Timbers Royalty Trust Indenture, the Trustee withheld $50,000 from the monthly distribution over the past ten months to increase the reserve account balance. The reserve has now reached $1,500,000, and the Trustee has discontinued the $50,000 withholding.
For more information on the Trust, including the annual tax information, distribution amounts, and historical press releases, please visit our website at www.crt-crosstimbers.com.
View original content:https://www.prnewswire.com/news-releases/cross-timbers-royalty-trust-declares-february-cash-distribution-302687648.html
SOURCE Cross Timbers Royalty Trust
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