Every 10-Q that Cross Timbers Royalty Trust (CRT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CRT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CRT filings page.
Cross Timbers Royalty Trust reported weaker results for the three and six months ended June 30, 2026. Net profits income was $1,088,155 for the quarter, down 16% from second quarter 2025, and $1,862,336 for the first six months, a 44% decrease from the prior-year period, driven mainly by lower oil and gas production, higher overhead and production expenses, and lower natural gas prices, partly offset by favorable excess costs activity.
Quarterly distributable income was $861,180, or $0.143530 per unit, versus $892,548, or $0.148758 per unit, a year earlier. For the first half of 2026, distributable income was $1,364,586, or $0.227431 per unit, compared with $2,676,486, or $0.446081 per unit, in 2025. Underlying oil volumes declined 19% and gas volumes 26% for the six‑month period, reflecting timing of receipts and natural declines.
Cumulative excess costs on the Texas and Oklahoma working interest conveyances totaled $6.8 million underlying, or $5.1 million net to the Trust, including $1.7 million of accrued interest. The Trust held $1.76 million in cash and short-term investments, an expense reserve of $1.5 million, and net profits interests with a carrying value of $2.09 million as of June 30, 2026. The Trustee recorded no impairment of the net profits interests and concluded disclosure controls and procedures were effective.
Cross Timbers Royalty Trust reported sharply lower results for the quarter ended March 31, 2026. Net profits income fell to $774,181 from $2,053,394 a year earlier, mainly due to lower oil and gas production, weaker oil prices, higher overhead and production costs, partially offset by excess-cost recoveries.
Distributable income declined to $503,406, or $0.083901 per unit, versus $1,783,938, or $0.297323 per unit, for first quarter 2025. Underlying oil sales volumes dropped 37% and gas volumes 38%, while average oil prices fell 20%. Production expense rose 52%, and underlying cumulative excess costs on Texas and Oklahoma working interest conveyances reached about $6.7 million ($5.0 million net to the Trust), including $1.6 million of accrued interest.
Cross Timbers Royalty Trust (CRT) reported weaker results for Q3 2025. Net profits income fell 55% to $761,552 as oil and gas volumes declined and oil prices were lower. After $12,729 of interest income, $170,963 of administration expense, and a $150,000 expense reserve increase, distributable income was $453,318, or $0.075553 per unit.
For the nine months, net profits income was $4,108,712, down 19%. Distributable income totaled $3,129,804, or $0.521634 per unit, after adding $36,717 of interest income, deducting $715,625 of administration expense, and increasing the expense reserve by $300,000. The expense reserve stands at $1,300,000.
Underlying Q3 oil sales volumes decreased 20% to 32,418 Bbls and gas volumes decreased 47% to 207,244 Mcf. The average oil price fell 20% to $62.21 per Bbl; gas averaged $3.65 per Mcf. Underlying cumulative excess costs on the Texas working interest conveyance were $5.1 million ($3.8 million net to the Trust), including $1.4 million of accrued interest ($1.0 million net). No impairment indicators were identified, controls were deemed effective, and risk factors were unchanged. Units outstanding were 6,000,000 as of November 13, 2025.
Cross Timbers Royalty Trust (CRT) reported net profits income of $1,293,766 for the quarter ended June 30, 2025, a 17% decline from Q2 2024, driving distributable income of $892,548 or $0.148758 per unit versus $0.224293 a year earlier. For the six months net profits income was $3,347,160 (down 2%) and distributable income was $2,676,486 or $0.446081 per unit.
Key drivers were lower oil production and prices (oil volumes down 18% and average oil price down 14% to $66.79/Bbl) and higher production expense (up 24% for the quarter). Gas prices rose 37% to $5.54/Mcf but gas volumes fell 35% for the quarter. The Trust holds $1,361,234 in cash and short-term investments, net NPIs of $2,290,044, a funded expense reserve of $1,150,000, and cumulative underlying excess costs of approximately $4.9 million ($3.6 million net to the Trust). No impairment was recorded and the Trustee concluded disclosure controls are effective.