Cross Timbers Royalty Trust
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Energy : Oil, Gas & Consumable Fuels | Small Cap Blend
Company profile

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 the approximately 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 approximately 2,900 producing properties in Texas, Oklahoma and New Mexico.

Closing Price
$22.12
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
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Volume
(Heavy Day)
Volume:
54,473

10-day average volume:
37,670
54,473

Thor stock set to rally after big earnings beat and record revenue

6:49 am ET June 8, 2022 (MarketWatch)
Print

Shares of Thor Industries Inc. (THO) were indicated up nearly 5% in premarket trading Wednesday, after the recreational vehicle (RV) maker reported a big fiscal third-quarter earnings beat, as results were boosted by increases in both average sales prices and units sold. That helped offset a recently lowered industry outlook for RV demand for the year. Net income for the quarter to April 30 surged to $348.1 million, or $6.32 a share, from $183.3 million, or $3.29 a share, in the year-ago period. The FactSet consensus for earnings per share was $4.77. Sales grew 34.6% to a quarterly record of $4.66 billion, above the FactSet consensus of $4.19 billion, as North America towable RV sales rose 53.0% to $2.64 billion and North America motorized RV sales increased 35.8% to offset a 19.0% decline in European RV sales. Gross margin improved to 17.3% from 14.6%. The strong results come amid a recent moderation in North America retail demand, as the RV Industry Association has recently cut its wholesale forecast for calendar 2022 shipments in the region to between 537,800 and 561,900 units from between 578,800 and 603,300 units. The stock has dropped 26.5% year to date through Tuesday, while the S&P 500 has shed 12.7%.

-Tomi Kilgore

	

(END) Dow Jones Newswires

June 08, 2022 06:49 ET (10:49 GMT)

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