|8-KFeb 17, 2:55 PM ET

CROSS TIMBERS ROYALTY TRUST 8-K

Research Summary

AI-generated summary

Updated

Cross Timbers Royalty Trust Announces Monthly Distribution, $1.5M Reserve Increase

What Happened

  • Cross Timbers Royalty Trust (CRT) filed a Form 8-K on February 17, 2026 furnishing a news release that announces its monthly cash distribution to unitholders of record on February 27, 2026. The filing corrects an earlier release that inadvertently omitted language confirming the Trustee had increased reserve funds to a current balance of $1,500,000. The updated news release is attached as Exhibit 99.1.

Key Details

  • Filing date: February 17, 2026 (Form 8-K, Item 2.02 furnished).
  • Unitholders of record date for the distribution: February 27, 2026.
  • Trustee reserve fund balance: $1,500,000 (increase completed by the Trustee).
  • Trustee and signatory: Argent Trust Company (signed by Nancy Willis); filing also signed by Daniel Bates for Exxon Mobil Corporation.

Why It Matters

  • The trust announced a monthly cash distribution (the primary cash return to unitholders) and confirmed a $1.5M reserve balance, which relates to the trust’s ability to support distributions. The corrected release ensures investors have the full disclosure about the reserve status and the upcoming record date for the distribution. Unitholders should note the record date and monitor trust communications for the announced distribution amount and payment timing.