Cross Timbers Royalty Trust (CRT) is an express trust, publicly traded company that operates out of Fort Worth, Texas, USA. The Trust holds interest in certain producing and non-producing royalty and overriding royalty interest properties in Texas, Oklahoma, and New Mexico. CRT's operations are directed by the Trustee, The Bank of New York Mellon Trust Company, N.A., and it is responsible for distributing the revenues generated from these properties to the unitholders. Thus, CRT doesn't have traditional business operations or any employees of its own.
The company was established in 1991 with Southwestern Energy Production Company (SWEPCO), a subsidiary of XTO Energy, as the principal asset contributor. Cross Timbers Royalty Trust’s portfolio is comprised of about 90% natural gas and 10% crude oil reserves.
CRT's royalty interests serve as the primary source of income, and the revenues generated are distributed to unitholders monthly. The income metric of these distributions is primarily dependent upon the quantities of oil and natural gas produced from the Royalty Properties and their respective selling prices. Hence, the revenue and profitability of CRT largely depend on the current market prices for oil and gas and the amount of production from their properties.
CRT does not engage in any drilling or exploration activities instead, it relies on the efforts of operators who work on the properties in which CRT holds an interest. CRT is shielded from operation costs because its royalties are "cost-free," meaning it does not bear any direct operating expenses or development costs.
Cross Timbers Royalty Trust operates in a volatile industry, and the nature of its operations exposes it to the highs and lows of the energy market. Despite this, CRT has maintained steady performance over the years and remains a leading player in the industry. The Trust's performance is touted to be profitable to its investors, primarily due to its monthly distributions and its ability to gain exposure to gas and oil price changes from a diversified portfolio. Its commitment to responsible and ethical operations makes it a go-to choice for many investors in the energy market.
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Cross Timbers Royalty Trust (NYSE: CRT) has declared a cash distribution of $0.277908 per unit to its unitholders, payable on November 16, 2026. This distribution is based on underlying oil and gas sales volumes from May through July 2026. The report also details the recovery of excess costs on Oklahoma Working Interest properties, while excess costs on Texas Working Interest properties increased but did not impact current net proceeds.
Major shareholder Eric Oliver recently purchased 1,377 shares of Cross Timbers Royalty Trust (NYSE:CRT) for $12.23 each, increasing his total direct ownership to over 1 million shares valued at approximately $12.47 million. The company has also announced a reduction in its monthly dividend to $0.0643 per share, resulting in an annualized yield of 6.2%. Despite these changes, the stock is trading near its 12-month high, and analysts maintain a "Hold" rating.
Major shareholder Eric Oliver recently acquired 4,817 shares of Cross Timbers Royalty Trust (NYSE:CRT) stock, increasing his total holdings to over 1 million shares. The acquisition was valued at $57,804.00, with shares bought at an average price of $12.00. Following the news, CRT shares rose 1.4% to $12.48, despite a recent reduction in its monthly dividend to $0.0643 per share.
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Major shareholder Eric Oliver recently purchased 6,041 shares of Cross Timbers Royalty Trust (NYSE:CRT) stock, increasing his stake to over 1 million shares valued at $12.15 million. The trust also declared a monthly dividend of $0.0643, which is lower than the previous month's, resulting in an annualized yield of 6.5%. Despite the dividend cut and a payout ratio of 145.28%, analysts maintain a "Hold" rating on the stock.
Major shareholder Eric Oliver increased his stake in Cross Timbers Royalty Trust (NYSE:CRT) by purchasing 1,318 shares for $15,143.82, bringing his total holdings to over 1 million shares. The trust, which recently traded at $11.95, has a market cap of $71.7 million and offers a 6.5% annualized dividend yield despite a recent reduction in its monthly payout. Analysts currently maintain a "Hold" rating on CRT.