Core Insights - The energy sector has several oversold stocks that present potential buying opportunities for undervalued companies [1] Group 1: Oversold Stocks - Nextdecade Corp (NEXT) has an RSI of 27.1, with a recent stock price of $6.97 after a 30% decline over five days and a 52-week low of $4.59 [9] - XCF Global Inc (SAFX) has an RSI of 20.8, closing at $1.28 after a 7% drop over five days and a 52-week low of $1.16 [9] - Cross Timbers Royalty Trust (CRT) has an RSI of 18.6, with shares closing at $7.70 after a 12% decline over the past month and a 52-week low of $7.67 [9] - REX American Resources Corp (REX) has an RSI of 26, with shares closing at $30.46 after a 21% drop over the past month and a 52-week low of $30.32 [9]

Core Insights - The article discusses the investment positions held by the analyst in various companies, indicating a long position in CRT.UN:CA, REI.UN:CA, NNN, and CRR.UN:CA through stock ownership, options, or other derivatives [1]. Group 1 - The analyst expresses personal opinions regarding the investment landscape without receiving compensation from the companies mentioned [1]. - The article emphasizes that past performance is not indicative of future results, highlighting the importance of conducting independent research before making investment decisions [3].

[FORM 8-K Current Report Overview](index=1&type=section&id=FORM%208-K) This report details significant events or information that shareholders should know, as required by the SEC [Filing Information and Registrant Details](index=1&type=section&id=Filing%20Information%20and%20Registrant%20Details) This section provides the administrative details of the Form 8-K filing, including the registrant's identity, contact information, and the status of its registered securities [Registrant Information](index=1&type=section&id=Registrant%20Information) This subsection details the core identity and contact information of the registrant, Cross Timbers Royalty Trust - Registrant Name: **CROSS TIMBERS ROYALTY TRUST**[2](index=2&type=chunk) - State or other jurisdiction of incorporation: Texas[2](index=2&type=chunk) - Commission File Number: 001-10982[2](index=2&type=chunk) - Trustee: Argent Trust Company[2](index=2&type=chunk) - Principal Executive Offices: 3838 Oak Lawn Ave, Suite 1720, Dallas, Texas 75219-4518[2](index=2&type=chunk) - Registrant's telephone number: (855) 588-7839[2](index=2&type=chunk) [Securities and Filing Status](index=1&type=section&id=Securities%20and%20Filing%20Status) This subsection outlines the registrant's listed securities and its status regarding emerging growth company classification Registered Securities | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | :------------------ | :---------------- | :---------------------------------------- | | Units of Beneficial Interest | CRT | New York Stock Exchange | - The registrant is not an emerging growth company[4](index=4&type=chunk) [Item 2.02 Results of Operations and Financial Condition](index=2&type=section&id=Item%202.02%20Results%20of%20Operations%20and%20Financial%20Condition) This item reports the announcement of a monthly cash distribution to unitholders by Cross Timbers Royalty Trust, detailed in a news release furnished as an exhibit - On August 19, 2025, the Registrant issued a news release announcing its monthly cash distribution to unitholders[5](index=5&type=chunk) - The cash distribution is for unitholders of record on August 29, 2025[5](index=5&type=chunk) - A copy of the news release is furnished as Exhibit 99.1[5](index=5&type=chunk) - The information is furnished pursuant to Item 2.02 and shall not be deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934[6](index=6&type=chunk) [Item 9.01 Financial Statements and Exhibits](index=2&type=section&id=Item%209.01%20Financial%20Statements%20and%20Exhibits) This section lists the exhibits included in the Form 8-K filing, specifically identifying the news release related to the monthly cash distribution Exhibits List | Exhibit Number | Description | | :------------- | :---------- | | 99.1 | News Release dated August 19, 2025 | [Signatures](index=3&type=section&id=SIGNATURES) This section confirms the official signing of the Form 8-K report by authorized representatives of Cross Timbers Royalty Trust, through its Trustee, Argent Trust Company, and also by Exxon Mobil Corporation - The report was signed on behalf of **CROSS TIMBERS ROYALTY TRUST** by **ARGENT TRUST COMPANY, TRUSTEE**[10](index=10&type=chunk) - Signed by Nancy Willis, Director of Royalty Trust Services for Argent Trust Company[10](index=10&type=chunk) - Also signed by **EXXON MOBIL CORPORATION**, by Kristy Walker, Unconventional Finance General Manager[10](index=10&type=chunk) - Date of signature: August 19, 2025[10](index=10&type=chunk)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Texas 1-10982 75-6415930 (State or other jurisdiction of incorporation or organization) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . CROSS TIMBERS ROYALTY TRUST (Exact name of registrant as sp ...

Cash Distribution - The Registrant announced a monthly cash distribution to unitholders of record on May 30, 2025[5] - The news release regarding the cash distribution was issued on May 19, 2025[5] - The cash distribution details are included in Exhibit 99.1 of the report[7]

Financial Performance - Distributable income for the first quarter of 2025 was $1,783,938, up 19.4% from $1,493,214 in the same period of 2024[12] - The distributable income per unit increased to $0.297323 in Q1 2025 from $0.248869 in Q1 2024, reflecting a rise of 19.4%[12] - Net profits income for Q1 2025 was $2,053,394, compared to $1,837,741 in Q1 2024, indicating an increase of 11.7%[12] - For the quarter ended March 31, 2025, net profits income increased by 12% to $2,053,394 compared to $1,837,741 for the same quarter in 2024[34] - Distributable income for the quarter was $1,783,938, or $0.297323 per unit, reflecting an increase from $1,493,214, or $0.248869 per unit, in the first quarter of 2024[35] Asset and Trust Information - As of March 31, 2025, total assets increased to $4,287,064 from $3,806,934 as of December 31, 2024, representing a growth of approximately 12.6%[10] - The trust corpus decreased to $2,346,714 as of March 31, 2025, down from $2,433,344 at the end of 2024, a decline of approximately 3.6%[13] - Cumulative excess costs remaining as of March 31, 2025, totaled $4,402,777, which includes accrued interest of $1,195,216[27] - Cumulative excess costs for the Texas working interest conveyance totaled $4.4 million, including accrued interest of $1.2 million as of March 31, 2025[47] Revenue and Sales - Total revenues for the quarter were $4,362,723, a slight decrease of 0% compared to $4,371,441 in the first quarter of 2024[38] - Oil sales volumes increased by 4% to 44,370 Bbls, while gas sales volumes rose by 19% to 300,843 Mcf compared to the first quarter of 2024[38][41] - The average oil price decreased by 6% to $70.48 per Bbl, and the average gas price decreased by 10% to $4.11 per Mcf for the first quarter of 2025[42][43] Expenses and Costs - Administrative expenses decreased by $80,038 to $281,462, primarily due to the timing of Trust expenses and professional services[35] - Taxes, transportation, and other costs decreased by 21% to $422,062, attributed to lower gas deductions and oil severance taxes[44] - Development costs decreased by 88% to $131,242, primarily due to the absence of drilling activity costs from the previous year[46] - The amortization of net profits interests for Q1 2025 was $86,630, compared to $51,066 in Q1 2024, showing an increase of 69.7%[13] Other Financial Information - XTO Energy's overhead charge for monitoring interests was $50,442 as of March 31, 2025, impacting net proceeds to the trust[29] - No impairment of net profits interests was recorded as of March 31, 2025, as no trigger events indicated a need for assessment[19] - The trust's financial statements are prepared on a modified cash basis, differing from U.S. GAAP, which affects revenue and expense recognition[15] - The Trustee plans to withhold $50,000 from monthly distributions until the expense reserve reaches $1,500,000[32]

Core Insights - Cross Timbers Royalty Trust (NYSE: CRT) was predicted to potentially double in value within two years due to its low valuation and an anticipated recovery in oil prices [1] Group 1 - The author has a background in chemical engineering and holds a master's degree in Food Technology and Economics, indicating a strong analytical foundation for investment decisions [1] - The author emphasizes the importance of fundamental and technical analysis in investment strategies, particularly utilizing options for both investing and trading [1] - The author achieved financial independence at the age of 45, showcasing a successful application of investment principles [1] Group 2 - The author has published multiple books on investing and mathematics, reflecting a commitment to educating others on financial literacy and investment strategies [1] - The reference to Warren Buffett's principle highlights the author's focus on analyzing financial statements as a key component of investment decision-making [1]

Group 1 - CT REIT is a Canadian-based REIT primarily renting to Canadian Tire stores, which recently celebrated its 100th anniversary [1] - The REIT is currently attractive due to its reasonable valuation and dividend payments [1] Group 2 - The article expresses a beneficial long position in the shares of CRT.UN:CA [2]

Financial Performance - Net profits income for 2024 was $6,563,177, a 47% decrease from $12,300,176 in 2023, primarily due to decreased oil and gas production and lower prices[132]. - Total income for 2024 was $6,623,430, down from $12,364,073 in 2023, reflecting a decline of 46.6%[182]. - Distributable income for 2024 was $5,677,818, compared to $11,547,888 in 2023, representing a decrease of 50.8%[182]. - Distributable income per unit for 2024 was $0.946303, down from $1.924648 in 2023, a decline of 50.8%[182]. - Fourth quarter 2024 net profits income totaled $1,462,841, a 43% decrease from $2,548,233 in the fourth quarter of 2023[143]. - Distributable income for the fourth quarter of 2024 was $1,317,594, or $0.219599 per unit, compared to $2,416,884, or $0.402814 per unit in the fourth quarter of 2023[144]. Production and Reserves - Approximately 46% of the net profits income received by the Trust during 2024 was attributable to natural gas, with 40% of the Trust's estimated future net cash flows from proved reserves at December 31, 2024[30]. - Estimated proved reserves for the net profits interests are based on estimates of reserves for the underlying properties and can be significantly affected by fluctuations in oil and gas prices[41]. - The Trust's total proved reserves as of December 31, 2024, consist of 1,301,000 Bbls of oil and 8,334,000 Mcf of gas[87]. - The Trust's net profits are derived from the sale of hydrocarbons from depleting assets, and if no successful development projects are performed, the assets may deplete faster than expected[46]. - The underlying properties include over 2,900 producing properties with an average reserve-to-production index of approximately 11 years as of December 31, 2024[72]. Costs and Expenses - Total costs deducted in the calculation of net profits income were $9.8 million in 2024, a 14% decrease from $11.5 million in 2023[141]. - Average production cost per BOE for oil is $2.33 in 2024, an increase of 39.5% from $1.67 in 2023 and an increase of 25.3% from $1.86 in 2022[92]. - Average production cost per BOE for gas is $54.04 in 2024, an increase of 1.8% from $53.09 in 2023 and an increase of 95.0% from $27.71 in 2022[92]. - Total underlying development costs for 2024 were $1,509,510, representing a 42% increase from 2023 development costs of $1,061,887[84]. Market and Pricing - The Trust's monthly cash distributions are highly dependent on the prices realized from the sale of natural gas and oil, which can fluctuate widely due to various uncontrollable factors[36]. - Average sales price for oil in 2024 is $78.78 per Bbl, a slight decrease of 0.9% from $79.50 in 2023 and a decrease of 3.4% from $81.62 in 2022[92]. - Average sales price for gas in 2024 is $3.92 per Mcf, a significant decrease of 34.1% from $5.94 in 2023 and a decrease of 50.7% from $7.95 in 2022[92]. Risks and Liabilities - The Trust's financial performance is subject to various risk factors, including geopolitical instability and market volatility, which could materially affect its distributable income[32]. - The Trust's distributions may be adversely affected by operational risks and hazards associated with the production and transportation of oil and natural gas[42]. - Government actions or regulations aimed at reducing oil and natural gas production could impact the price of these commodities and, consequently, the Trust's net profits[38]. - Cybersecurity threats pose risks that could materially affect the Trust's business, financial condition, and results of operations[68]. - The Trust unitholders may be exposed to personal liability due to the structure of the Trust not providing the same limited liability protections as a corporation[55]. Trust Structure and Governance - Trust unitholders have limited voting rights and cannot influence the operations or future development of the underlying properties[52]. - The Trust's financial statements are prepared on a modified cash basis of accounting, differing from U.S. GAAP[54]. - The Trust expects to continue being exempt from Texas franchise tax as a passive entity[200]. - The Trust's only cash requirement is the declared monthly distribution of income to unitholders, funded by net profits income after administration expenses[149]. Future Outlook - Future net cash flows from proved reserves are approximately 38% natural gas and 62% oil, with total future net cash flows estimated at $52.652 million, discounted at an annual rate of 10%[87]. - Future net profits may be impacted by the creditworthiness of operators and purchasers of crude oil and natural gas, influenced by market prices[44]. - The Trust will terminate if it fails to generate gross revenues of at least $1,000,000 per year over any successive two-year period[49].

Cash Distribution - The Registrant announced a monthly cash distribution to unitholders of record on January 31, 2025[5] - The news release regarding the cash distribution was issued on January 21, 2025[5] - The cash distribution details are included in Exhibit 99.1 of the report[7]