Cross Timbers Royalty Trust : 2nd Quarter (CRT 2Q 2025)

About this update from Cross Timbers Royalty Trust

Tax Information Per Unit Second Quarter Report 2025 MONTHLY DISTRIBUTIONS PAID ON: May 14, 2025 June 13, 2025 July 15, 2025 Total Gross Income ..................................................................................... $ 0.079364 $ 0.106388 $ 0.061335 $ 0.247087 Less Severance Taxes ......................................................................... (0.015299) (0.007416) (0.008744) (0.031459) Interest Income .................................................................................. 0.000621 0.000732 0.000643 0.001996 Less Administration Expenses ............................................................. (0.024243) (0.010572) (0.009052) (0.043867) Reconciling Items............................................................................... (0.008333) (0.008333) (0.008333) (0.024999) Net Cash Distribution.................................................................. $ 0.032110 $ 0.080799 $ 0.035849 $ 0.148758 Cost Depletion Factors: Texas - 90% ......................................................................... 0.009913 0.017454 0.006346 0.033713 Oklahoma - 90% .................................................................. 0.010178 0.007247 0.010322 0.027747 New Mexico - 90% ............................................................... 0.006272 0.004884 0.006506 0.017662 Texas - 75% ......................................................................... 0.000000 0.000000 0.000000 0.000000 Oklahoma - 75% .................................................................. 0.000261 0.003932 0.000000 0.004193 ($/UNIT EXCEPT COST DEPLETION FACTORS) 2 nd Quarter Report 2025 Cross Timbers Royalty Trust Cross Timbers Royalty Trust 3838 Oak Lawn Ave, Suite 1720, Dallas, TX 75219 855.588.7839 ■ Argent Trust Company, Trustee ■ https://www.crt-crosstimbers.com Unitholders owning units in nominee name may obtain monthly tax information from the Trustee upon request or from the Trust's web site at https://www.crt-crosstimbers.com . F To Unitholders: or the quarter ended June 30, 2025, net profits income was $1,293,766 compared to $1,564,871 for second quarter 2024. This 17 percent decrease in net profits income is primarily the result of decreased oil and gas production ($1.0 million), lower oil prices ($0.4 million), and increased production expenses ($0.3 million), partially offset by net excess costs activity ($0.6 million), higher gas prices ($0.5 million), decreased development costs ($0.2 million), and decreased taxes, transportation and other costs ($0.1 million). After adding interest income of $11,982, deducting administration expense of $263,200, and increasing the expense reserve $150,000, distributable income for the quarter ended June 30, 2025, was $892,548, or $0.148758 per unit of beneficial interest. Administration expense for the quarter increased $28,914 from the prior year quarter, primarily related to the timing of receipt income was $1,345,758, or $0.224293 per unit. Net profits income $ 1,293,766 $ 1,564,871 $ 3,347,160 $ 3,402,612 Distributions to unitholders for the quarter ended Interest income 11,982 15,173 23,988 32,146 and payment of Trust expenses and terms of professional services. Changes in interest income are attributable to fluctuations in net profits income, expense reserve, and interest rates. For second quarter 2024, distributable Cross Timbers Royalty Trust Financial Statements Condensed Statements of Assets, Liabilities and Trust Corpus (Unaudited) June 30, December 31, ASSETS Cash and short-term investments...................................................................................... $ 1,361,234 $ 1,369,379 Interest to be received...................................................................................................... 3,860 4,211 Net profits interests in oil and gas properties - net ............................................................ 2,290,044 2,433,344 $ 3,655,138 $ 3,806,934 LIABILITIES AND TRUST CORPUS Distribution payable to unitholders.................................................................................... $ 215,094 $ 373,590 Expense reserve (a) ............................................................................................................ 1,150,000 1,000,000 Trust corpus (6,000,000 units of beneficial interest 2025 2024 authorized and outstanding)..................................................................................... 2,290,044 2,433,344 $ 3,655,138 $ 3,806,934 (a) Expense reserve allows the Trustee to pay its obligations should it be unable to pay them out of the net profits income. The reserve is currently funded at $1,150,000. Condensed Statements of Distributable Income (Unaudited) Three Months Ended June 30 Six Months Ended June 30 2025 2024 2025 2024 June 30, 2025, were: Distribution Record Date Payment Date Per Unit April 30, 2025 May 14, 2025 $ 0.032110 May 30, 2025 June 13, 2025 0.080799 June 30, 2025 July 15, 2025 0.035849 $ 0.148758 This letter, and all communications to unitholders, includes information provided to the Trustee by XTO Energy Inc. Total income...................................................... 1,305,748 1,580,044 3,371,148 3,434,758 Administration expense .............................................. 263,200 234,286 544,662 595,786 Expense reserve ......................................................... 150,000 - 150,000 - Distributable income .................................................. $ 892,548 $ 1,345,758 $ 2,676,486 $ 2,838,972 Distributable income per unit (6,000,000 units) ................. $ 0.148758 $ 0.224293 $ 0.446081 $ 0.473162 Condensed Statements of Changes in Trust Corpus (Unaudited) Three Months Ended June 30 Six Months Ended June 30 2025 2024 2025 2024 Cross Timbers Royalty Trust Trust corpus, beginning of period ............................... $ 2,346,714 $ 2,620,517 $ 2,433,344 $ 2,671,583 By: Argent Trust Company, Trustee Amortization of net profits interests ........................... (56,670) (69,792) (143,300) (120,858) Distributable income ................................................. 892,548 1,345,758 2,676,486 2,838,972 Distributions declared ............................................... (892,548) (1,345,758) (2,676,486) (2,838,972) Trust corpus, end of period ........................................ $ 2,290,044 $ 2,550,725 $ 2,290,044 $ 2,550,725 By: Nancy Willis Director of Royalty Trust Services These Condensed Financial Statements should be read in conjunction with the Condensed Financial Statements and notes thereto included in the Trust's quarterly report on Form 10-Q for the quarter ended June 30, 2025.

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