Cross Timbers Royalty Trust is an express trust created in 1991 to hold net profits interests in oil and natural gas properties. The trust's sole assets are net profits interests in royalty and overriding royalty interests in Texas, Oklahoma, and New Mexico, and net profits interests in working interests in Texas and Oklahoma. XTO Energy Inc., a subsidiary of ExxonMobil, owns the underlying properties and calculates the monthly net profits income distributed to unitholders. The trust does not engage in business activities, employ staff, or incur production costs, relying instead on the trustee to manage cash reserves and distribute income. Income is derived primarily from long-lived gas properties in the San Juan Basin of New Mexico and oil-producing properties in Texas and Oklahoma. Units of beneficial interest are traded on the New York Stock Exchange.

Summarised from the company's own disclosures, fiscal year ended Mar 2026

Industry Oil & Gas E&P Homepage crt-crosstimbers.com
Sector Energy IR page crt-crosstimbers.com
Tags
royalty interests, net profits interests, natural gas, oil production, passive income, express trust, XTO Energy Inc., ExxonMobil, Argent Trust Company, Simmons Bank, NCNB Texas National Bank
Press page crt-crosstimbers.com/news-releases

Metrics

Valuation  
Market cap $ 73.38M
P/E 16.34
P/BV 34.00
P/S 12.79
P/OCF —
P/FCF —
Dividend yield 0.58%
Turnover / mcap —
Returns  
ROE 195.6%
ROI 208.1%
ROIC 154.3%
Profit margin 78.3%
Growth  
Revenue growing No
Profits growing No
Revenue up 3y No
Revenue up 5y —
Quality  
Profitable Yes
Margin expanding No
Buying back stock No
Diluting (TTM) No
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News sentiment (TTM) 0
Quality score 6.7%
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Figure FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2018 FY 2014
Revenue 5.738M 6.563M 12.3M 12.494M 7.438M 6.89M 0
Net profit 4.491M 5.678M 11.548M 11.743M 6.673M 6.342M 0

Figure FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2018 FY 2014
Share price 0 0 0 0 0 15.35 0
P/BV 0 0 0 0 0 1.6 0

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News

Dallas, Texas, October 20, 2026 – 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 $0.277908 per unit, payable on November 16, 2026, to unitholders of record on October 30, 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

33,000

89,000

$83.56

$4.86

Prior Month Distribution

10,000

48,000

$76.19

$4.67

(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.

Current Month Distribution

XTO Energy has advised the Trustee that sales volumes for May 2026 through July 2026 were received in the current month from Scout Energy Management LLC, the new operator of the Hewitt Unit, which is one of the properties underlying the Oklahoma Working Interest net profits interests.

Cross Timbers Royalty Trust

     News Release 

CROSS TIMBERS ROYALTY TRUST DECLARES OCTOBER CASH DISTRIBUTION

Dallas, Texas, October 20, 2026 – 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 $0.277908 per unit, payable on November 16, 2026, to unitholders of record on October 30, 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 33,000 89,000 $83.56 $4.86

Prior Month Distribution 10,000 48,000 $76.19 $4.67

(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.

Current Month Distribution XTO Energy has advised the Trustee that sales volumes for May 2026 through July 2026 were received in the current month from Scout Energy Management LLC, the new operator of the Hewitt Unit, which is one of the properties underlying the Oklahoma Working Interest net profits interests.

Excess Costs XTO Energy has advised the Trustee that excess costs increased by $149,000 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 $6,517,000, including accrued interest of $1,797,000.

XTO Energy has advised the Trustee that excess costs of $491,000, including interest of $40,000, were fully recovered on properties underlying the Oklahoma Working Interest net profits interests.

Cross Timbers Royalty Trust

Dallas, Texas, September 18, 2026 – 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 $0.064277 per unit, payable on October 15, 2026, to unitholders of record on September 30, 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

10,000

48,000

$76.19

$4.67

Prior Month Distribution

11,000

50,000

$78.27

$4.69

(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 $277,000 on properties underlying the Texas Working Interest net profits interests. However, these excess costs did not reduce net proceeds from the remaining conveyances.

Prompts

Cross Timbers Royalty Trust (ticker CRT), listed in United States.