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)
2nd
Quarter Report
2025 Cross Timbers Royalty TrustCross 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 StatementsCondensed 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.