Cross Timbers Royalty Trust
Distributes net profits from fixed oil and gas property interests.
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Profile
Collects net-profits income from mature oil and gas properties across Texas, Oklahoma, and New Mexico, then distributes remaining cash to unitholders. Fixed interests in royalties and working properties make income sensitive to commodity prices, operator decisions, and allowable costs.
Collects and distributes cash generated by fixed net-profits interests in mature oil and gas properties across Texas, Oklahoma, and New Mexico. Its assets include royalty and overriding-royalty interests alongside cost-bearing working interests.
Relies on XTO Energy to calculate and remit underlying net proceeds, while the corporate trustee deducts expenses and reserve adjustments before monthly distributions. Third-party operators run field-development and operating programs; the Trust has no employees, cannot direct them, acquire replacement assets, or operate a drilling business.
Faces cost deficits that can delay income from individual working-interest conveyances, while its portfolio remains fixed and depleting.
Company facts
Key statistics
Year to date +34.4% · Average volume (30d) 18.3K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026Q2 FY26 | — | $0.14 | — | — | $1.1M | — | −0.30% |
| May 14, 2026Q1 FY26 | — | $0.08 | — | — | $787.8K | — | −1.19% |
| Mar 27, 2026 | — | $0.23 | — | — | $1.6M | — | +3.48% |
| Nov 13, 2025 | — | $0.08 | — | — | $2.8M | — | +1.14% |
Financial highlights
| 2 quarters | — | — | — | — | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | $787.8K | $1.1M | |
| Gross profit | — | — | — | — | $754.6K | $1.1M | |
| Operating income | — | — | — | — | $503.4K | $861.2K | |
| Net income | — | — | — | — | $503.4K | $861.2K | |
| Diluted EPS | — | — | — | — | $0.08 | $0.14 | |
| Gross margin | — | — | — | — | 95.8% | 97.0% | |
| Operating margin | — | — | — | — | 63.9% | 78.2% |
Balance sheet, Jun 30, 2026Cash & short-term investments $1.8M · Total debt $0 · Total assets $3.9M · Shareholders' equity $2.1M
Dividends
Last raised to $0.0614 from $0.0442 in Jul 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 31, 2026 | Jul 31 | Aug 14 | $0.0614 | raised from $0.0442 |
| Jun 30, 2026 | Jun 30 | Jul 15 | $0.0442 | raised from $0.0296 |
| May 29, 2026 | May 29 | Jun 12 | $0.0296 | cut from $0.0697 |
| Apr 30, 2026 | Apr 30 | May 14 | $0.0697 | raised from $0.0009 |
| Mar 31, 2026 | Mar 31 | Apr 14 | $0.0009 | cut from $0.0501 |
| Feb 27, 2026 | Feb 27 | Mar 13 | $0.0501 | raised from $0.0329 |
| Jan 30, 2026 | Jan 30 | Feb 13 | $0.0329 | cut from $0.1147 |
| Dec 31, 2025 | Dec 31 | Jan 15 | $0.1147 | raised from $0.0369 |
Ownership
Shares outstanding 6.00M · Float 6.00M · 100.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Softvest Advisors, LLC | 925.0K | 15.42% | 13F | Aug 14, 2026 |
| Ashton Thomas Private Wealth, LLC | 239.9K | 4.00% | 13F | Jul 29, 2026 |
| Beacon Pointe Advisors, LLC | 69.3K | 1.15% | 13F | Aug 18, 2026 |
| Morgan Stanley | 21.0K | 0.35% | 13F | Aug 13, 2026 |
| Welch Group, LLC | 16.7K | 0.28% | 13F | Jul 23, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 14, 2026 | Eric L. Oliver | 10 percent owner | +9,609 | $10.44 |
| Aug 13, 2026 | Eric L. Oliver | 10 percent owner | +3,087 | $10.12 |
| Aug 12, 2026 | Eric L. Oliver | 10 percent owner | +12,950 | $10.08 |
| Aug 11, 2026 | Eric L. Oliver | 10 percent owner | +13,132 | $9.95 |
Peers
- Sabine Royalty Trust
Diversified oil-and-gas royalty income in the same public trust set.
- Permian Basin Royalty Trust
Closest structural peer in Texas oil-and-gas net-profits interests.
- San Juan Basin Royalty Trust
San Juan Basin gas royalty exposure and fixed-trust income model.
- Mesa Royalty Trust
Smaller fixed royalty trust with San Juan Basin oil-and-gas exposure.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Cross Timbers Royalty Trust | $10.42 | −0.71% | $62.5M | 19.7 | — | 14.6 | −14.8% |
| Sabine Royalty Trust | $74.85 | −0.22% | $1.09B | 15.3 | — | 14.5 | +16.7% |
| Permian Basin Royalty Trust | $33.82 | −0.12% | $1.58B | 97.3 | — | 89.1 | +34.4% |
| San Juan Basin Royalty Trust | $2.71 | −0.37% | $126.3M | — | — | 120,409.8 | −93.8% |
| Mesa Royalty Trust | $2.24 | −1.95% | $4.2M | 11.4 | — | 7.8 | −21.8% |
| Median | 15.3 | — | 51.8 | −2.5% |