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CRT on NYSE

CROSS TIMBERS ROYALTY TRUST

CROSS TIMBERS ROYALTY TRUST is an American oil royalty traders company, incorporated in Texas.1 It is headquartered in Dallas, Texas.1 Its shares trade on NYSE under the symbol CRT.1

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Last updated Oct 21, 2026.

Overview

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  • TickerCRT on NYSE1
  • IndustryOil Royalty Traders1
  • HeadquartersDallas, Texas1
  • Incorporated inTX2
  • Business addressC/O Argent Trust Company, 3838 Oak Lawn Ave., Suite 1720, Dallas, Tx 75219-45182

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Cross Timbers Royalty Trust (the “Trust”) is an express trust created under the laws of Texas pursuant to the Cross Timbers Royalty Trust Indenture entered into on February 12, 1991, between predecessors of XTO Energy Inc. (formerly known as Cross Timbers Oil Company and, hereafter, “XTO Energy”), as grantors, and NCNB Texas National Bank, as Trustee. The current trustee of the Trust is Argent Trust Company, a Tennessee chartered trust company (“Argent”). Effective December 30, 2022, Simmons Bank resigned as trustee, and Argent was appointed as the successor trustee.3 From its latest annual report

Corporate structure

CROSS TIMBERS ROYALTY TRUST sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of CROSS TIMBERS ROYALTY TRUST

  • SoftVest Advisors, LLC Filed SCHEDULE 13G/A on CROSS TIMBERS ROYALTY TRUST, latest Jul 9, 2026 (3 filings since Mar 27, 2026)
  • CROSS TIMBERS ROYALTY TRUST Dallas, Texas

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What CROSS TIMBERS ROYALTY TRUST reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Properties, in its own words

The net profits interests are the principal asset of the Trust. The Trustee cannot acquire any other asset, with the exception of certain short-term investments as specified under Item 1. Business. The Trustee is prohibited from selling any portion of the net profits interests unless approved by holders of at least 80 percent or more of the outstanding Trust units or at such time as Trust gross revenue is less than $1 million for two successive years.

The net profits interests comprise:

The rest of Item 2

1. · the 90% net profits interests which are carved from:

a) · producing royalty and overriding royalty interest properties in Texas, Oklahoma and New Mexico; and

b) · 11.11% nonparticipating royalty interests in nonproducing properties located primarily in Texas and Oklahoma; and

2. · the 75% net profits interests which are carved from working interests in four properties in Texas and three properties in Oklahoma.

All underlying royalties, underlying nonproducing royalties and underlying working interest properties are currently owned by XTO Energy or other affiliated companies of ExxonMobil. XTO Energy may sell all or any portion of the underlying properties at any time, subject to and burdened by the net profits interests.

The underlying properties include over 2,900 producing properties with established production histories in Texas, Oklahoma and New Mexico. The average reserve-to-production index for the underlying properties as of December 31, 2025, is approximately nine years. This index is calculated using total proved reserves and estimated 2026 production for the underlying properties. The projected 2026 production is from proved developed producing reserves as of December 31, 2025. Based on estimated future net cash flows at 12-month average oil and gas prices, based on the first-day-of-the-month price for each month in the period, the future net cash flows from proved reserves of the underlying properties are approximately 65 percent natural gas and 35 percent oil. The underlying properties also include certain nonproducing properties in Texas, Oklahoma and New Mexico that are primarily mineral interests.

Producing Acreage, Wells and Drilling

90% Net Profits Interests Underlying Royalties. Royalty and overriding royalty properties underlying the 90% net profits interests represent approximately 89 percent of the discounted future net cash flows from the Trust’s net profits interests proved reserves at December 31, 2025. Approximately 72 percent of the discounted future net cash flows from the 90% net profits interests are from gas reserves, totaling 9.4 Bcf. Oil reserves allocated to the 90% net profits interests are primarily located in West Texas and are estimated to be 224,000 Bbls at December 31, 2025.

The underlying royalties are royalty and overriding royalty interests primarily located in mature producing oil and gas fields. The most significant producing region in which the underlying royalties are located is the San Juan Basin in northwestern New Mexico. The New Mexico royalties gas production accounted for approximately 69 percent of the Trust’s net profits interests gas sales volumes and 34 percent of the net profits income for 2025. The Trust’s net profits interests estimated proved gas reserves from New Mexico totaled 8.2 Bcf at December 31, 2025, or approximately 87 percent of Trust’s net profits interests total gas reserves at that date. The majority of these wells are operated by Hilcorp Energy Company or Simcoe LLC.

San Juan Basin oil and gas accumulations, inclusive of the Fruitland Coal, Pictured Cliffs, Mancos, Mesaverde, and Dakota formations, have produced within the basin for over 100 years. Although these reservoirs have seen almost a century of development, numerous upside opportunities are still available to basin operators via down-spacing drilling, recompletions, lateral drilling, and lease cost optimizations. Recently, operators have moved development toward the more liquid-rich portions of the basin through the following:

1. · reduced dry gas drilling with a shift toward horizontal drilling in the more liquids-rich areas;

2. · lease optimization via compression upgrades, restimulations, and improved artificial lift;

3. · basinal work to rail crude oil out of basin to improve pricing; and

4. · stable gas pipeline infrastructure.

The underlying royalties also include royalties in the Sand Hills field of Crane County, Texas. The Sand Hills field was discovered in 1931 and includes production from three main intervals, the Tubb, McKnight and Judkins. Development potential for the field includes recompletions and additional infill drilling.

Because the properties related to the 90% net profits interests are primarily royalty interests and overriding royalty interests, the net profits income from these properties is not reduced by production or development costs, with the exception of a limited number of wells that were converted to working interest after conveyance that incur production and development costs. Additionally, net profits

income from these interests cannot be reduced by any excess costs of the 75% net profits interests. The Trust, therefore, should generally receive monthly net profits income from these interests, as determined by oil and gas sales volumes and prices.

The limited number of underlying working interest properties, referred to above, consists of five productive gross wells (0.23 net). Well counts for the underlying royalties cannot be provided because information regarding the number of wells on royalty properties is generally not made available to royalty interest owners.

Item 2 of the 10-K filed Mar 27, 2026.3

Leadership

Who has led CROSS TIMBERS ROYALTY TRUST, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (1)

Timeline

  1. Sep 18, 20268-K Results of operations5
  2. Aug 21, 20268-K Results of operations6
  3. Jul 21, 20268-K Results of operations7
  4. Jun 18, 20268-K Results of operations8
  5. May 18, 20268-K Results of operations9
  6. Apr 20, 20268-K Results of operations10
  7. Mar 20, 20268-K Results of operations11
  8. Feb 17, 20268-K Results of operations12
  9. Jan 20, 20268-K Results of operations13
  10. Dec 19, 20258-K Results of operations14
  11. Nov 17, 20258-K Results of operations15
  12. Oct 21, 20258-K Results of operations16

Calendar

Coming up

  1. Nov 12, 2026Reports results for the quarter ending Sep/202617

When it reported results

  1. Sep 18, 2026Reported quarterly or annual results5
  2. Aug 21, 2026Reported quarterly or annual results6
  3. Jul 21, 2026Reported quarterly or annual results7
  4. Jun 18, 2026Reported quarterly or annual results8
  5. May 18, 2026Reported quarterly or annual results9
  6. Apr 20, 2026Reported quarterly or annual results10
  7. Mar 20, 2026Reported quarterly or annual results11
  8. Feb 17, 2026Reported quarterly or annual results12

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

116 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 64 major events, 24 insider forms, 3 large holders, 5 other. The latest 20:

  1. Oct 14, 20264 OWNERSHIP DOCUMENT EDGAR
  2. Oct 9, 20264 OWNERSHIP DOCUMENT EDGAR
  3. Sep 18, 20268-K EDGAR
  4. Sep 15, 20264 OWNERSHIP DOCUMENT EDGAR
  5. Sep 10, 20264 OWNERSHIP DOCUMENT EDGAR
  6. Sep 8, 20264 OWNERSHIP DOCUMENT EDGAR
  7. Sep 3, 20264 OWNERSHIP DOCUMENT EDGAR
  8. Aug 21, 20268-K EDGAR
  9. Aug 17, 20264 OWNERSHIP DOCUMENT EDGAR
  10. Aug 13, 202610-Q EDGAR
  11. Aug 13, 20264 OWNERSHIP DOCUMENT EDGAR
  12. Jul 21, 20268-K EDGAR
  13. Jul 9, 2026SCHEDULE 13G/A EDGAR
  14. Jun 26, 20264 OWNERSHIP DOCUMENT EDGAR
  15. Jun 24, 20264 OWNERSHIP DOCUMENT EDGAR
  16. Jun 18, 20268-K EDGAR
  17. Jun 4, 20264 OWNERSHIP DOCUMENT EDGAR
  18. Jun 2, 2026SCHEDULE 13G/A EDGAR
  19. Jun 2, 20264 OWNERSHIP DOCUMENT EDGAR
  20. May 28, 20264 OWNERSHIP DOCUMENT EDGAR

The 116 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

35 open-market trades by officers, directors and large owners since October 2021: 35 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 11, 2026OLIVER ERIC L10% ownerBuy16,360$11.46$187.5KForm 4
Sep 9, 2026SoftVest, LP10% ownerBuy7,134$11.29$80.5KForm 4
Sep 8, 2026SoftVest, LP10% ownerBuy6,142$10.94$67.2KForm 4
Sep 4, 2026SoftVest, LP10% ownerBuy5,473$10.90$59.7KForm 4
Sep 3, 2026SoftVest, LP10% ownerBuy790$10.67$8.4KForm 4
Sep 2, 2026SoftVest GP I, LLC10% ownerBuy2,289$10.63$24.3KForm 4
Sep 1, 2026SoftVest GP I, LLC10% ownerBuy3,947$10.51$41.5KForm 4
Aug 14, 2026OLIVER ERIC L10% ownerBuy9,609$10.44$100.3KForm 4
Aug 13, 2026OLIVER ERIC L10% ownerBuy3,087$10.12$31.2KForm 4
Aug 12, 2026OLIVER ERIC L10% ownerBuy12,950$10.08$130.5KForm 4
Aug 11, 2026OLIVER ERIC L10% ownerBuy13,132$9.95$130.7KForm 4
Jun 25, 2026SoftVest, LP10% ownerBuy3,727$8.88$33.1KForm 4
Jun 24, 2026SoftVest, LP10% ownerBuy4,047$8.66$35.0KForm 4
Jun 23, 2026SoftVest, LP10% ownerBuy34,596$8.68$300.3KForm 4
Jun 22, 2026SoftVest, LP10% ownerBuy20,968$8.65$181.4KForm 4
Jun 2, 2026SoftVest, LP10% ownerBuy5,748$10.52$60.5KForm 4
Jun 1, 2026SoftVest, LP10% ownerBuy4,642$10.43$48.4KForm 4
May 29, 2026SoftVest, LP10% ownerBuy9,297$10.37$96.4KForm 4
May 26, 2026SoftVest GP I, LLC10% ownerBuy23,386$10.88$254.4KForm 4
May 20, 2026SoftVest GP I, LLC10% ownerBuy18,902$10.87$205.5KForm 4

All 35 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
SoftVest Advisors, LLC924,960$8.4M1.3%+227,067
Ashton Thomas Private Wealth, LLC239,924$2.2M0.0%+11,866
Beacon Pointe Advisors, LLC69,292$626.4K0.0%+6,492
Morgan Stanley20,981$189.7K0.0%+14,795
Welch Group, LLC16,652$150.5K0.0%+1,800
Waddell & Associates, LLC15,914$143.9K0.0%+144
XTX Topco Ltd10,964$99.1K0.0%New
Susquehanna International Group, Llp10,681$96.6K0.0%New
O'shaughnessy Asset Management, LLC10,657$96.3K0.0%New
UBS Group AG7,550$68.3K0.0%−12
Wells Fargo & Company/mn1,982$17.9K0.0%No change
Harbour Investments, Inc.1,800$16.3K0.0%No change
Bnp Paribas Financial Markets814$7.4K0.0%+107
Osaic Holdings, Inc.735$6.7K0.0%+34
First Horizon Corp100$9040.0%New
BlackRock, Inc.17$1500.0%No change
CoreCap Advisors, LLC13$1180.0%No change
Steward Partners Investment Advisory, LLC11$990.0%No change
Caitong International Asset Management Co., Ltd6$540.0%No change
Assetmark, Inc3$270.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

8 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jan 17, 2024Virginia FoxxRepublican, HouseSale$15,001 - $50,000+89.2%Report
Dec 8, 2023Virginia FoxxRepublican, HouseBuy$1,001 - $15,000−98.5%Report
Nov 29, 2023Virginia FoxxRepublican, HouseBuy$1,001 - $15,000−103.7%Report
Nov 28, 2023Virginia FoxxRepublican, HouseBuy$1,001 - $15,000−106.0%Report
Oct 2, 2023Virginia FoxxRepublican, HouseBuy$1,001 - $15,000−113.5%Report
Sep 19, 2023Virginia FoxxRepublican, HouseBuy$1,001 - $15,000−113.3%Report
May 17, 2023Virginia FoxxRepublican, HouseBuy$1,001 - $15,000−121.2%Report
May 1, 2023Virginia FoxxRepublican, HouseBuy$1,001 - $15,000−119.5%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How CROSS TIMBERS ROYALTY TRUST is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCROSS TIMBERS ROYALTY TRUST1
  • CIK0000881787
  • Employer ID (EIN)75-64159301
  • Incorporated inTexas1
  • Fiscal year endsDecember 311
  • Industry code (SIC)6792 Oil Royalty Traders1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business addressC/O Argent Trust Company, 3838 Oak Lawn Ave., Suite 1720, Dallas, TX 75219-45181
  • Phone972-919-13601
  • On EDGAR sinceFeb 8, 19951
  • Filings508 in all: 8-K (293), 10-Q (91), 4 (37), 10-K (24), SC 13D/A (14), DEFA14A (9), 10-K405 (6), ARS (5)1
    All 23 form types

    UPLOAD (5), 3 (4), CORRESP (3), DEF 14A (2), PRE 14A (2), S-3/A (2), SC 13G (2), SCHEDULE 13G/A (2), 10-Q/A (1), NT 10-K (1), POS AM (1), S-3 (1), SC 13D (1), SC 13G/A (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 27, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Proxy statement (DEF 14A) Feb 9, 2022
    Latest 8-K (8-K) Sep 18, 2026

Risk factors and legal proceedings

The risks CROSS TIMBERS ROYALTY TRUST names in Item 1A of its 10-K filed Mar 27, 2026: 21 risks under these headings, as written.3

  • The market price for the Trust units may not reflect the value of the net profits interests held by the Trust.
  • Current and future oil and natural gas prices fluctuate due to a number of uncontrollable factors, and any decline will adversely affect the net proceeds payable to the Trust and Trust distributions.
  • Higher production expense and/or development costs, without concurrent increases in revenue, will directly decrease the net proceeds payable to the Trust from the properties underlying the 75% net profits interests.
  • Government action, policies or regulations designed to discourage production, reduce demand for, or promote alternatives to oil and natural gas could impact the price of oil and natural gas produced on the properties underlying the Trust’s net profits interests, directly as intended or through unintended consequences.
  • War, terrorism, geopolitical hostilities, and other military actions or political instability could adversely affect Trust distributions or the market price of the Trust units.
  • Proved reserve estimates depend on many assumptions that may turn out to be inaccurate. Any material inaccuracies in reserve estimates or underlying assumptions could cause the quantities and net present value of the reserves to be overstated.
  • Operational risks and hazards associated with the development and operations of the underlying properties may decrease Trust distributions.
  • The Trust may be subject to attempted cybersecurity disruptions from a variety of sources including state-sponsored actors.
  • Future net profits may be subject to risks relating to the creditworthiness of third parties.
  • Trust unitholders and the Trustee have no influence over the operations on, or future development of, the underlying properties.
  • The assets of the Trust represent interests in depleting assets and, if XTO Energy or any other operators developing the underlying properties do not perform additional successful development projects, the assets may deplete faster than expected. Eventually, the assets of the Trust will cease to produce in commercial quantities and the Trust will cease to receive proceeds from such assets.
  • XTO Energy may transfer its interest in the underlying properties without the consent of the Trust or the Trust unitholders.
The other 9 risks
  • XTO Energy or any other operator of any underlying property may abandon the property, thereby terminating the related net profits interest payable to the Trust.
  • The net profits interests can be sold and the Trust would be terminated. The Trust will also be terminated if it fails to generate sufficient gross revenues.
  • Trust unitholders have limited voting rights and have limited ability to enforce the Trust’s rights against XTO Energy or any other operator of the underlying properties.
  • Financial information of the Trust is not prepared in accordance with U.S. GAAP.
  • The limited liability of Trust unitholders is uncertain.
  • Drilling oil and natural gas wells is a high-risk activity and subjects the Trust to a variety of factors that it cannot control.
  • The underlying properties are subject to complex federal, state and local laws and regulations that could adversely affect net proceeds payable to the Trust and Trust distributions.
  • Cash held by the Trustee is not insured by the Federal Deposit Insurance Corporation.
  • The tax treatment of an investment in Trust units could be affected by recent and potential legislative changes, possibly on a retroactive basis.

Legal proceedings

Certain of the underlying properties are involved in various lawsuits and certain governmental proceedings arising in the ordinary course of business. XTO Energy has advised the Trustee that it does not believe that the ultimate resolution of these claims will have a material effect on the annual distributable income, financial position or liquidity of the Trust.

The opening of Item 3, Legal Proceedings.3

Sources

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