Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . (I.R.S. Employer Identification No.) | --- | --- | --- | |----------------------------------------------------------------------------|-------- ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-10982 | --- | --- | |-----------------------------------------------------------------------------------|------------------------------------------| | | ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |---------------------------------------------------------------|-----------------------| | | | | For the transition period from | . | | Commission File No. 1-10982 | | | Cr ...

Financial Performance - For the quarter ended September 30, 2021, net profits income was $2,455,493, a 196% increase from $829,258 in Q3 2020, driven by higher oil and gas prices and increased oil production[41]. - Distributable income for the same quarter was $2,301,702, or $0.383617 per unit, compared to $613,992, or $0.102332 per unit in Q3 2020[42]. - For the nine months ended September 30, 2021, net profits income rose to $5,602,598, a 36% increase from $4,107,869 in the same period of 2020[44]. - Total revenues for Q3 2021 were $4,653,596, a 129% increase from $2,029,110 in Q3 2020[49]. Price and Sales Volume - Average oil price for Q3 2021 increased 112% to $62.29 per Bbl, while the average gas price rose 132% to $5.49 per Mcf[54][55]. - Oil sales volumes increased 9% in Q3 2021, while gas sales volumes decreased 2% for the same period[51][52]. Expenses and Costs - Production expenses increased 15% for Q3 2021, primarily due to higher repairs and maintenance costs[57]. - Development costs surged 966% for Q3 2021, attributed to timing of charges, but decreased 59% for the nine-month period due to reduced activity[59]. - Taxes, transportation, and other costs rose 62% in Q3 2021, mainly due to increased severance taxes and property taxes[56]. Other Information - Cumulative excess costs for the Texas working interest conveyance totaled $2.7 million as of September 30, 2021[60]. - No material changes in risk factors since the last annual report[67]. - The report was signed on behalf of Cross Timbers Royalty Trust by Simmons Bank, Trustee[71]. - The annual report was filed with the SEC on April 13, 2021[69].

Table of Contents Emerging growth company ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-10982 Cross Timbers Royalty Trust (Exact name of registrant as specified in its charter) Texas 75-6415930 (State or other jurisdict ...

Table of Contents Emerging Growth Company ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-10982 Cross Timbers Royalty Trust (Exact name of registrant as specified in its charter) Texas 75-6415930 (State or other jurisdic ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File No. 1-10982 | --- | --- | --- | |------------------------------------------------------------------------------------|----------------- ...

Table of Contents Large accelerated filer ☐ Accelerated filer ☒ Non-accelerated filer ☐ Smaller reporting company ☒ Emerging growth company ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-10982 Cross Timbers Royalty ...

Table of Contents Emerging growth company ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-10982 Cross Timbers Royalty Trust (Exact name of registrant as specified in its charter) Texas 75-6415930 (State or other jurisdict ...

Table of Contents Emerging growth company ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-10982 Cross Timbers Royalty Trust (Exact name of registrant as specified in its charter) Texas 75-6415930 (State or other jurisdic ...