Cross Timbers Royalty Trust filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 13, 2026, reporting third-quarter net profits income of $1,323,811 and distributable income per unit of $0.193566.

Key Highlights

  • Net profits income: $1,323,811 for the three months ended September 30, 2026, compared with $761,552 for the same period in 2025, according to the filing.
  • Distributable income per unit: $0.193566 for Q3 2026, versus $0.075553 for Q3 2025, based on 6,000,000 units of beneficial interest outstanding.
  • Nine-month distributable income: $2,525,982 for the nine months ended September 30, 2026, compared with $3,129,804 for the same period in 2025.
  • Total assets: $3,948,186 as of September 30, 2026, down from $4,296,650 at December 31, 2025.
  • Expense reserve: Funded at $1,500,000 as of September 30, 2026, increased from $1,450,000 at December 31, 2025.
  • Distribution payable to unitholders: $385,662 as of September 30, 2026, compared with $688,230 at December 31, 2025.

Cross Timbers Royalty Trust Third-Quarter 2026 Financial Results

Cross Timbers Royalty Trust (NYSE:CRT) reported third-quarter 2026 net profits income of $1,323,811, up from $761,552 in the third quarter of 2025, according to the filing. Total income for the three months ended September 30, 2026 was $1,337,520, which included interest income of $13,709. After administration expense of $176,124 and no additional expense reserve contribution in the quarter, the Trust reported distributable income of $1,161,396 for the period.

For the nine months ended September 30, 2026, the filing disclosed net profits income of $3,186,147, compared with $4,108,712 for the same period in 2025. Nine-month total income was $3,227,113, administration expense was $651,131, and an expense reserve addition of $50,000 was recorded, resulting in distributable income of $2,525,982, or $0.420997 per unit, against $0.521634 per unit in the prior-year nine-month period.

The Trust's condensed balance sheet as of September 30, 2026 showed cash and short-term investments of $1,880,959, interest to be received of $4,703, and net profits interests in oil and gas properties of $2,062,524, for total assets of $3,948,186. The filing noted that the expense reserve "allows the Trustee to pay its obligations should it be unable to pay them out of the net profits income," and that the reserve is currently funded at $1,500,000. Trust corpus stood at $2,062,524 at September 30, 2026, reflecting amortization of net profits interests of $95,896 for the nine-month period. The Trust's underlying properties consist of royalty, overriding royalty, and working interests in Texas, Oklahoma, and New Mexico, operated by XTO Energy Inc.

What Was Disclosed

The Trust filed its unaudited quarterly financial statements covering the period ended September 30, 2026, disclosing net profits income, distributable income, per-unit distributions, total assets, trust corpus, and expense reserve balances, with 6,000,000 units of beneficial interest outstanding.