We, through our 5% ownership interest in investment assets at Cross Timbers Energy, had a note receivable totaling $7.2 million as of March 31, 2026 and $7.1 million as of December 31, 2025 with a highly-rated, offshore subsidiary of Exxon Mobil Corporation. Under the terms of the agreement, the maturity date is February 10, 2046, but Cross Timbers Energy may demand repayment of all or any portion of the outstanding balance on five business days’ notice. Interest is earned based on the quarterly SOFR rate plus 4.3% and is paid quarterly. Interest income totaled $0.1 million in the first three months of 2026 and $0.1 million in the first three months of 2025.

The note receivable is treated as a non-current asset, since Cross Timbers Energy does not have any intention of demanding repayment of all or any portion of the outstanding balance at this time. Repayment would require the approval of the Cross Timbers Energy MMC.