MONTHLY DISTRIBUTIONS PAID ON:
($/UNIT EXCEPT COST DEPLETION FACTORS)
August 14, 2025 | September 15, 2025 | October 15, 2025 | Total | |
Gross Income ..................................................................................... | $ 0.050774 | $ 0.032537 | $ 0.070677 | $ 0.153988 |
Less Severance Taxes ......................................................................... | (0.006988) | (0.005508) | (0.014566) | (0.027062) |
Interest Income .................................................................................. | 0.000693 | 0.000698 | 0.000729 | 0.002120 |
Less Administration Expenses ............................................................. | (0.005770) | (0.005970) | (0.016754) | (0.028494) |
Reconciling Items............................................................................... | (0.008333) | (0.008333) | (0.008333) | (0.024999) |
Net Cash Distribution.................................................................. | $ 0.030376 | $ 0.013424 | $ 0.031753 | $ 0.075553 |
Cost Depletion Factors: | ||||
Texas - 90% ......................................................................... | 0.008948 | 0.004634 | 0.006487 | 0.020069 |
Oklahoma - 90% .................................................................. | 0.008622 | 0.007153 | 0.019123 | 0.034898 |
New Mexico - 90% ............................................................... | 0.005101 | 0.005054 | 0.013232 | 0.023387 |
Texas - 75% ......................................................................... | 0.000000 | 0.000000 | 0.000000 | 0.000000 |
Oklahoma - 75% .................................................................. | 0.000000 | 0.000000 | 0.002451 | 0.002451 |
3rd
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 September 30, 2025, net profits income was $761,552 compared to $1,697,724 for
third quarter 2024. This 55 percent decrease in net profits income is primarily the result of decreased oil and gas production ($1.0 million), and lower oil prices ($0.5 million), partially offset by decreased production expenses ($0.3 million), decreased taxes, transportation and other costs ($0.2 million), and net excess costs activity ($0.1 million).
After adding interest income of $12,729, deducting administration expense of $170,963, and increasing the expense reserve $150,000, distributable income for the quarter ended September 30, 2025, was $453,318, or
$0.075553 per unit of beneficial interest. Administration expense for the quarter decreased $19,973 from the prior year quarter, primarily related to the timing of receipt
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 third quarter 2024, distributable income was $1,521,252, or $0.253542 per unit.
Distributions to unitholders for the quarter ended September 30, 2025, were:
Distribution
Record Date Payment Date Per Unit
July 31, 2025 August 14, 2025 $ 0.030376
August 29, 2025 September 15, 2025 0.013424
September 30, 2025 October 15, 2025 0.031753
$ 0.075553
This letter, and all communications to unitholders, includes information provided to the Trustee by XTO Energy Inc.
Cross Timbers Royalty Trust
By: Argent Trust Company, Trustee
By: Nancy Willis
Director of Royalty Trust Services
Cross Timbers Royalty Trust Financial StatementsCondensed Statements of Assets, Liabilities and Trust Corpus (Unaudited)
September 30, | December 31, | ||
2025 | 2024 | ||
ASSETS | |||
Cash and short-term investments...................................................................................... | $ 1,486,143 | $ 1,369,379 | |
Interest to be received...................................................................................................... | 4,375 | 4,211 | |
Net profits interests in oil and gas properties - net ............................................................ | 2,233,097 | 2,433,344 | |
$ 3,723,615 | $ 3,806,934 | ||
LIABILITIES AND TRUST CORPUS | |||
Distribution payable to unitholders.................................................................................... | $ 190,518 | $ 373,590 | |
Expense reserve (a) ............................................................................................................ | 1,300,000 | 1,000,000 | |
Trust corpus (6,000,000 units of beneficial interest | |||
authorized and outstanding)..................................................................................... | 2,233,097 | 2,433,344 | |
$ 3,723,615 | $ 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 $1,300,000.
Condensed Statements of Distributable Income (Unaudited)
Three Months Ended September 30 Nine Months Ended September 30
2025 | 2024 | 2025 | 2024 | ||
Net profits income...................................................... $ 761,552 | $ 1,697,724 | $ 4,108,712 $ | 5,100,336 | ||
Interest income 12,729 | 14,464 | 36,717 | 46,610 | ||
Total income 774,281 | 1,712,188 | 4,145,429 | 5,146,946 | ||
Administration expense 170,963 | 190,936 | 715,625 | 786,722 | ||
Expense reserve 150,000 | - | 300,000 | - | ||
Distributable income .................................................. $ 453,318 | $ 1,521,252 | $ 3,129,804 $ 4,360,224 | |||
Distributable income per unit (6,000,000 units) ................. $ 0.075553 | $ 0.253542 | $ 0.521634 $ 0.726704 | |||
Three Months Ended September 30 Nine Months Ended September 30
2025 | 2024 | 2025 | 2024 | ||||
Trust corpus, beginning of period ............................... | $ 2,290,044 | $ 2,550,725 | $ 2,433,344 | $ 2,671,583 | |||
Amortization of net profits interests ........................... | (56,947) | (72,750) | (200,247) | (193,608) | |||
Distributable income ................................................. | 453,318 | 1,521,252 | 3,129,804 | 4,360,224 | |||
Distributions declared ............................................... | (453,318) | (1,521,252) | (3,129,804) | (4,360,224) | |||
Trust corpus, end of period ........................................ | $ 2,233,097 | $ 2,477,975 | $ 2,233,097 | $ 2,477,975 | |||
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 September 30, 2025.