Oil rally fades as fears ease over Israel-Iran hostilities; week ends lower
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 19 2024
0mins
Source: SeekingAlpha
- Crude Oil Futures: Experienced a second consecutive weekly loss due to fluctuating geopolitical risks in the Middle East, particularly between Israel and Iran.
- Market Reaction: Crude oil prices initially surged over 3% after Israel's retaliatory strike on Iran but later dropped as signs of de-escalation emerged.
- Risk Perception: Investors had already factored in Iran's recent attacks on Israel, but concerns remained regarding potential wider conflicts.
- Oil Market Dynamics: The lack of increased risk to major oil-producing countries like Saudi Arabia and Iraq limited the rally in oil prices.
- Global Indicators: Mixed demand indicators were observed, with U.S. crude inventories rising while China's Q1 GDP growth exceeded expectations, influencing oil markets.
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Analyst Views on CRT
About CRT
Cross Timbers Royalty Trust (the Trust) is an express trust. The net profits interests are the principal asset of the Trust. The Trust receives net profits income from the net profit interests generally on the last business day of each month. The net profits interests comprise of approximately 90% net profits interests, which are carved from producing royalty and overriding royalty interest properties in Texas, Oklahoma, and New Mexico, and 11.11% nonparticipating royalty interests in nonproducing properties located primarily in Texas and Oklahoma; and over 75% net profits interests, which are carved from working interests in four properties in Texas and three properties in Oklahoma. Its underlying royalties, underlying nonproducing royalties, and underlying working interest properties are owned by XTO Energy. The underlying properties include over 2,900 producing properties in Texas, Oklahoma, and New Mexico. The underlying properties also include certain nonproducing properties.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Cross Timbers Royalty Trust Declares Cash Distribution
- Cash Distribution Announcement: Cross Timbers Royalty Trust has declared a cash distribution of $0.069720 per unit, payable on May 14, 2026, to unitholders of record on April 30, 2026, demonstrating the trust's ongoing commitment to returning value to its investors.
- Sales Volumes and Prices: The current month's oil sales volume stands at 17,000 barrels, with gas sales at 121,000 Mcf, and average prices of $58.93 per barrel for oil and $4.83 per Mcf for gas, indicating market price stability and the trust's profitability.
- Excess Cost Impact: XTO Energy reported an increase of $69,000 in excess costs related to Texas Working Interest properties, yet these costs did not affect net proceeds from remaining conveyances, showcasing the trust's effective cost management.
- Cumulative Excess Costs: The cumulative excess costs for Texas and Oklahoma Working Interests are $5,863,000 and $1,019,000 respectively, reflecting the trust's financial transparency and ongoing profitability amidst cost challenges.
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Cross Timbers Royalty Trust Declares Cash Distribution
- Cash Distribution Announcement: Cross Timbers Royalty Trust declared a cash distribution of $0.000923 per unit, payable on April 14, 2026, to unitholders of record on March 31, 2026, demonstrating the Trust's ongoing commitment to returning value to its holders.
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- Increased Cost Impact: XTO Energy informed the Trustee that excess costs increased by $95,000 on properties underlying the Texas Working Interest net profits interests, although these excess costs did not reduce net proceeds, highlighting operational cost pressures.
- Cumulative Cost Overview: The cumulative excess costs for the Texas Working Interest total $5,762,000, including $1,561,000 in accrued interest, while the Oklahoma Working Interest has cumulative excess costs of $897,000, illustrating financial variances across the Trust's different regions.
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Cross Timbers Royalty Trust Declares Cash Distribution
- Cash Distribution Announcement: Cross Timbers Royalty Trust has declared a cash distribution of $0.000923 per unit, payable on April 14, 2026, to unitholders of record on March 31, 2026, demonstrating the trust's commitment to ongoing returns for its holders.
- Sales Volumes and Prices: The current month's oil sales volume stands at 10,000 barrels, with gas sales at 39,000 Mcf, and average prices of $56.83 per barrel for oil and $4.30 per Mcf for gas, indicating the trust's stable performance in the market.
- Cost Increase Impact: XTO Energy reported an increase of $95,000 in excess costs related to Texas Working Interest, although these costs did not affect remaining proceeds, showcasing the trust's effectiveness in cost management.
- Cumulative Cost Overview: The cumulative excess costs for Texas Working Interest total $5,762,000, including $1,561,000 in accrued interest, reflecting the financial management challenges and strategies of the trust.
See More
Cross Timbers Royalty Trust Declares Cash Distribution
- Cash Distribution Announcement: Cross Timbers Royalty Trust has declared a cash distribution of $0.050060 per unit, payable on March 13, 2026, to unitholders of record on February 27, 2026, demonstrating the trust's ongoing commitment to returning value to its holders.
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- Cost Increase Impact: XTO Energy has informed the trustee that excess costs increased by $80,000 on properties underlying the Texas Working Interest, yet these costs did not affect net proceeds from remaining conveyances, indicating stability in the trust's cost management.
- Cumulative Cost Overview: The cumulative excess costs for the Texas Working Interest total $5,637,000, including $1,532,000 in accrued interest, while the Oklahoma Working Interest has cumulative excess costs of $931,000, highlighting financial condition disparities across different regions.
See More
Cross Timbers Royalty Trust Declares Cash Distribution
- Cash Distribution Announcement: Cross Timbers Royalty Trust has declared a cash distribution of $0.050060 per unit, payable on March 13, 2026, to unitholders of record on February 27, 2026, demonstrating the company's commitment to ongoing returns for its investors.
- Sales Data Analysis: The current month's oil sales volume stands at 9,000 barrels, with gas sales at 73,000 Mcf, and average prices of $55.35 per barrel for oil and $4.36 per Mcf for gas, indicating stable pricing despite a decrease in sales volume compared to the previous month.
- Cost Increase Impact: XTO Energy has informed the Trustee of an $80,000 increase in excess costs related to Texas Working Interest, which, while not affecting net proceeds from remaining conveyances, suggests potential future impacts on distributions due to rising operational costs.
- Cumulative Cost Overview: The cumulative excess costs for Texas Working Interest total $5,637,000, including $1,532,000 in accrued interest, while Oklahoma Working Interest shows cumulative excess costs of $931,000, highlighting the Trust's challenges in managing operational expenses.
See More
Cross Timbers Royalty Trust Declares Cash Distribution
- Cash Distribution Announcement: Cross Timbers Royalty Trust has declared a cash distribution of $0.069720 per unit, payable on May 14, 2026, to unitholders of record on April 30, 2026, demonstrating the trust's ongoing commitment to returning value to its investors.
- Sales Volumes and Prices: The current month's oil sales volume stands at 17,000 barrels, with gas sales at 121,000 Mcf, and average prices of $58.93 per barrel for oil and $4.83 per Mcf for gas, indicating market price stability and the trust's profitability.
- Excess Cost Impact: XTO Energy reported an increase of $69,000 in excess costs related to Texas Working Interest properties, yet these costs did not affect net proceeds from remaining conveyances, showcasing the trust's effective cost management.
- Cumulative Excess Costs: The cumulative excess costs for Texas and Oklahoma Working Interests are $5,863,000 and $1,019,000 respectively, reflecting the trust's financial transparency and ongoing profitability amidst cost challenges.
See More
Water Utilities Shares Decline in Market
- Market Weakness: Water utilities shares collectively fell by about 0.4% on Tuesday, indicating a weak performance in the sector that may undermine investor confidence.
- Stock Drag: American Water Works saw a decline of approximately 1.6%, while Essential Utilities dropped by about 1.4%, making them the primary contributors to the sector's downturn, reflecting market concerns over their future growth prospects.
- Industry Trends: The decline in water utilities stocks may be linked to the overall economic environment and rising interest rates, as investors could be cautious about highly leveraged utility companies, impacting their financing capabilities and profit outlook.
- Investor Sentiment: The poor performance of water utilities stocks may lead investors to reassess their portfolios, shifting towards better-performing sectors, which could affect capital inflows into the industry.
See More
Cross Timbers Royalty Trust Declares Cash Distribution
- Cash Distribution Announcement: Cross Timbers Royalty Trust declared a cash distribution of $0.000923 per unit, payable on April 14, 2026, to unitholders of record on March 31, 2026, demonstrating the Trust's ongoing commitment to returning value to its holders.
- Sales Volume Fluctuations: The current month's oil sales volume was 10,000 barrels and gas sales volume was 39,000 Mcf, showing variability compared to the prior month's 9,000 barrels and 73,000 Mcf, indicating that sales volumes fluctuate based on the timing of cash receipts.
- Increased Cost Impact: XTO Energy informed the Trustee that excess costs increased by $95,000 on properties underlying the Texas Working Interest net profits interests, although these excess costs did not reduce net proceeds, highlighting operational cost pressures.
- Cumulative Cost Overview: The cumulative excess costs for the Texas Working Interest total $5,762,000, including $1,561,000 in accrued interest, while the Oklahoma Working Interest has cumulative excess costs of $897,000, illustrating financial variances across the Trust's different regions.
See More
Cross Timbers Royalty Trust Declares Cash Distribution
- Cash Distribution Announcement: Cross Timbers Royalty Trust has declared a cash distribution of $0.000923 per unit, payable on April 14, 2026, to unitholders of record on March 31, 2026, demonstrating the trust's commitment to ongoing returns for its holders.
- Sales Volumes and Prices: The current month's oil sales volume stands at 10,000 barrels, with gas sales at 39,000 Mcf, and average prices of $56.83 per barrel for oil and $4.30 per Mcf for gas, indicating the trust's stable performance in the market.
- Cost Increase Impact: XTO Energy reported an increase of $95,000 in excess costs related to Texas Working Interest, although these costs did not affect remaining proceeds, showcasing the trust's effectiveness in cost management.
- Cumulative Cost Overview: The cumulative excess costs for Texas Working Interest total $5,762,000, including $1,561,000 in accrued interest, reflecting the financial management challenges and strategies of the trust.
See More
Cross Timbers Royalty Trust Declares Cash Distribution
- Cash Distribution Announcement: Cross Timbers Royalty Trust has declared a cash distribution of $0.050060 per unit, payable on March 13, 2026, to unitholders of record on February 27, 2026, demonstrating the trust's ongoing commitment to returning value to its holders.
- Sales Data Analysis: The current month's oil sales volume stands at 9,000 barrels with gas sales at 73,000 Mcf, averaging $55.35 per barrel for oil and $4.36 per Mcf for gas, reflecting the impact of market price fluctuations on the trust's revenue.
- Cost Increase Impact: XTO Energy has informed the trustee that excess costs increased by $80,000 on properties underlying the Texas Working Interest, yet these costs did not affect net proceeds from remaining conveyances, indicating stability in the trust's cost management.
- Cumulative Cost Overview: The cumulative excess costs for the Texas Working Interest total $5,637,000, including $1,532,000 in accrued interest, while the Oklahoma Working Interest has cumulative excess costs of $931,000, highlighting financial condition disparities across different regions.
See More
Cross Timbers Royalty Trust Declares Cash Distribution
- Cash Distribution Announcement: Cross Timbers Royalty Trust has declared a cash distribution of $0.050060 per unit, payable on March 13, 2026, to unitholders of record on February 27, 2026, demonstrating the company's commitment to ongoing returns for its investors.
- Sales Data Analysis: The current month's oil sales volume stands at 9,000 barrels, with gas sales at 73,000 Mcf, and average prices of $55.35 per barrel for oil and $4.36 per Mcf for gas, indicating stable pricing despite a decrease in sales volume compared to the previous month.
- Cost Increase Impact: XTO Energy has informed the Trustee of an $80,000 increase in excess costs related to Texas Working Interest, which, while not affecting net proceeds from remaining conveyances, suggests potential future impacts on distributions due to rising operational costs.
- Cumulative Cost Overview: The cumulative excess costs for Texas Working Interest total $5,637,000, including $1,532,000 in accrued interest, while Oklahoma Working Interest shows cumulative excess costs of $931,000, highlighting the Trust's challenges in managing operational expenses.
See More
