[FORM 8-K Filing Information](index=1&type=section&id=FORM%208-K%20Filing%20Information) [Registrant Information](index=1&type=section&id=Registrant%20Information) This section provides the basic identification details for the registrant, CROSS TIMBERS ROYALTY TRUST, including its jurisdiction, commission file number, IRS employer identification number, and contact information for its trustee, Argent Trust Company - Registrant: **CROSS TIMBERS ROYALTY TRUST**[2](index=2&type=chunk) - Trustee: **Argent Trust Company**, located at **3838 Oak Lawn Ave, Suite 1720, Dallas, Texas 75219-4518**[2](index=2&type=chunk) | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | :--------------------- | :---------------- | :---------------------------------------- | | Units of Beneficial Interest | CRT | New York Stock Exchange | [Item 2.02 Results of Operations and Financial Condition](index=2&type=section&id=Item%202.02%20Results%20of%20Operations%20and%20Financial%20Condition) [Monthly Cash Distribution Announcement](index=2&type=section&id=Monthly%20Cash%20Distribution%20Announcement) CROSS TIMBERS ROYALTY TRUST announced a monthly cash distribution to its unitholders of record as of October 31, 2025, via a news release issued on October 21, 2025. This information is furnished, not filed, under Section 18 of the Securities Exchange Act of 1934 - On **October 21, 2025**, the Registrant issued a news release announcing its monthly cash distribution to unitholders of record on **October 31, 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 of Form 8-K** and is not 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) [Exhibits](index=2&type=section&id=Exhibits) This section lists the exhibits accompanying the Form 8-K filing, specifically identifying the news release related to the cash distribution - **Exhibit 99.1**: News Release dated **October 21, 2025**[7](index=7&type=chunk) [SIGNATURES](index=3&type=section&id=SIGNATURES) [Authorization and Signatories](index=3&type=section&id=Authorization%20and%20Signatories) The report is duly signed on behalf of CROSS TIMBERS ROYALTY TRUST by Argent Trust Company, as Trustee, and also includes a signature from Exxon Mobil Corporation - The report was signed on **October 21, 2025**[10](index=10&type=chunk) - Signed by **Nancy Willis**, **Director of Royalty Trust Services** for **Argent Trust Company**, Trustee of **CROSS TIMBERS ROYALTY TRUST**[10](index=10&type=chunk) - Also signed by **Daniel Bates**, **Unconventional Finance General Manager** for **EXXON MOBIL CORPORATION**[10](index=10&type=chunk)

Financial Performance - Distributable income for the three months ended September 30, 2025, was $453,318, down 70.3% from $1,521,252 in the same period of 2024[12] - For the nine months ended September 30, 2025, distributable income totaled $3,129,804, a decrease of 28.3% compared to $4,360,224 for the same period in 2024[12] - The net profits income for the three months ended September 30, 2025, was $761,552, a significant drop of 55.2% from $1,697,724 in the prior year[12] - For the quarter ended September 30, 2025, net profits income decreased by 55% to $761,552 compared to $1,697,724 for the same quarter in 2024, primarily due to decreased oil and gas production and lower oil prices[35] - For the nine months ended September 30, 2025, net profits income was $4,108,712, a 19% decrease from $5,100,336 in the same period of 2024[38] - Total revenues for the quarter were $2,774,186, a 40% decrease from $4,588,397 in the third quarter of 2024[43] Asset and Trust Information - As of September 30, 2025, total assets amounted to $3,723,615, a decrease from $3,806,934 as of December 31, 2024, representing a decline of approximately 2.2%[10] - The trust corpus at the end of the period was $2,233,097, down from $2,477,975 at the end of September 2024, reflecting a decrease of approximately 9.9%[14] - The trust has not recorded any impairment of net profits interests as of September 30, 2025, indicating stable asset valuation[20] - The trust's financial statements are prepared on a modified cash basis, differing from U.S. GAAP, which may affect revenue and expense recognition[16] Production and Sales - Oil sales volumes decreased by 20% in the third quarter and 11% in the nine-month period, primarily due to natural production decline[44] - Gas sales volumes decreased by 47% in the third quarter and 26% in the nine-month period, attributed to timing of cash receipts and natural production decline[45] - The average oil price for the third quarter decreased by 20% to $62.21 per Bbl, while the average gas price remained flat at $3.65 per Mcf[47][48] - The estimated rate of natural production decline on the underlying oil and gas properties is approximately 6 to 8 percent per year[46] Expenses and Costs - Administrative expenses for the quarter decreased by $19,973 from the prior year quarter, primarily due to timing of Trust expenses[36] - Production expenses decreased by 17% in Q3 due to lower gas processing costs and maintenance expenses, while increasing by 1% for the nine-month period primarily due to higher labor and fuel costs[50] - Development costs related to properties with 75% net profits interests decreased by 58% in Q3 and 89% for the nine-month period, mainly due to the absence of drilling activity costs in the second half of 2023[51] - Cumulative excess costs remaining at September 30, 2025, totaled $5.1 million, including accrued interest of $1.4 million[29] - Cumulative excess costs for the Texas working interest conveyance as of September 30, 2025, totaled $5.1 million, including accrued interest of $1.4 million[53] Risk and Compliance - The Trust's disclosure controls and procedures are effective in ensuring timely reporting of required information under the Securities Exchange Act of 1934[57] - There have been no material changes in the risk factors disclosed in the Trust's Annual Report for the year ended December 31, 2024[59]

Core Insights - The article provides a market analysis focusing on Crude Oil WTI Futures and various royalty trusts including Cross Timbers Royalty Trust, Permian Basin Royalty Trust, and Sabine Royalty Trust [1] Group 1: Crude Oil WTI Futures - The analysis highlights the current trends and price movements in Crude Oil WTI Futures, indicating potential investment opportunities [1] Group 2: Royalty Trusts - Cross Timbers Royalty Trust, Permian Basin Royalty Trust, and Sabine Royalty Trust are examined for their performance and market positioning, suggesting that these trusts may offer attractive returns based on their underlying assets [1]

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)

Financial Performance - Distributable income for the three months ended June 30, 2025, was $892,548, down 33.5% from $1,345,758 in the same period of 2024[13] - Total income for the six months ended June 30, 2025, was $3,371,148, a slight decrease of 1.85% compared to $3,434,758 for the same period in 2024[13] - The net profits income for the three months ended June 30, 2025, was $1,293,766, a decrease of 17.3% from $1,564,871 in 2024[13] - For the quarter ended June 30, 2025, net profits income decreased by 17% to $1,293,766 compared to $1,564,871 in Q2 2024, primarily due to decreased oil and gas production and lower oil prices[35] - Distributable income for Q2 2025 was $892,548, or $0.148758 per unit, down from $1,345,758, or $0.224293 per unit in Q2 2024[36] Revenue and Sales - Total revenues for Q2 2025 were $3,591,776, a decrease of 24% from $4,714,656 in Q2 2024[42] - Oil sales volumes decreased by 18% for Q2 2025 and 7% for the six-month period, primarily due to timing of cash receipts and natural production decline[43] - Gas sales volumes decreased by 35% for Q2 2025 and 12% for the six-month period, attributed to the absence of out-of-period revenues and natural production decline[44] - Average oil price for Q2 2025 decreased by 14% to $66.79 per Bbl, while gas prices increased by 37% to $5.54 per Mcf[45][46] Expenses - The administration expense for the three months ended June 30, 2025, increased to $263,200, up 12.3% from $234,286 in 2024[13] - Production expenses increased by 24% for Q2 2025, primarily due to increased gas processing costs and labor[48] - Administration expenses for Q2 2025 increased by $28,914 from the prior year quarter, primarily due to timing of Trust expenses[36] - Total costs for Q2 2025 were $2,139,082, a decrease of 28% from $2,975,910 in Q2 2024[42] - Development costs related to properties underlying the 75% net profits interests decreased by 94% for Q2 and 90% for the six-month period due to the absence of drilling activity costs for the Hewitt Unit[49] Assets and Liabilities - As of June 30, 2025, total assets amounted to $3,655,138, a decrease of 3.95% from $3,806,934 on December 31, 2024[10] - The trust corpus at the end of the period was $2,290,044, a decrease of 6.1% from $2,433,344 as of December 31, 2024[10] - The expense reserve is currently funded at $1,150,000, which allows the Trustee to meet obligations if unable to pay from net profits income[10] - Cumulative excess costs remaining as of June 30, 2025, totaled $4.9 million, including accrued interest of $1.3 million[30] - Cumulative excess costs for the Texas and Oklahoma working interest conveyances as of June 30, 2025, totaled $4.9 million, including accrued interest of $1.3 million[50][51] Taxation and Compliance - The Trust has not been taxed at the trust level in New Mexico or Oklahoma, as it distributes all net income to unitholders[25] - No impairment of net profits interests was recorded as of June 30, 2025, indicating stable asset valuation[21] - The accumulated amortization of net profits interests was $58,810,405 as of June 30, 2025, reflecting ongoing depreciation of assets[22] Internal Controls and Risk Factors - The Trust's disclosure controls and procedures are effective in ensuring timely decisions regarding required disclosures, with no material changes affecting internal control over financial reporting during the reporting period[55] - There have been no material changes in the risk factors disclosed in the Trust's Annual Report for the year ended December 31, 2024[57]

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]