CROSS TIMBERS ROYALTY TRUST

CRT is the ticker symbol for Cross Timbers Royalty Trust, a publicly traded royalty trust listed on the New York Stock Exchange. The trust holds royalty interests in oil and natural gas properties primarily located in Texas, Oklahoma, and New Mexico. Units of CRT represent beneficial ownership in the trust, which receives royalty income from production rather than operating the underlying assets. Distributions to unitholders depend on energy production volumes and commodity prices.

CRT operates in the energy sector as an oil and natural gas royalty trust. It does not drill or produce directly; instead, it collects royalty payments from a portfolio of underlying properties. This structure makes its cash flow sensitive to energy commodity prices, production levels, and operator decisions. Royalty trusts are typically classified as energy-related investments, distinct from exploration and production companies or midstream firms, because they hold passive mineral and royalty interests.

Recent price performance for CRT changes continuously and depends on trading activity, energy prices, and trust distributions. To see how the units have moved over the past days, weeks, or months, review the latest CRT price chart and performance data displayed on this page. Those figures will give the most current view of recent returns, trading ranges, and any recent volatility in the units.

Evaluating CRT requires different tools than a typical operating company because it is a royalty trust. Investors often look at distribution yield, trailing distributions per unit, underlying production volumes, commodity price exposure, and the trust's reserve reports. Traditional metrics like P/E may be less meaningful. Comparing the distribution yield to similar royalty trusts and assessing the sustainability of cash flow can also help frame whether the units appear reasonably valued relative to their income stream.

CRT makes monthly distributions to unitholders rather than paying conventional dividends. These distributions reflect royalty income received by the trust after expenses and any required reserves. The amount can vary significantly from month to month because it depends on oil and natural gas prices, production volumes, and the timing of payments from operators. The latest CRT distribution amount and any recent changes are shown in the dividend or distribution section on this page.

CRT is exposed to commodity price risk, since oil and natural gas prices directly affect royalty income and distributions. Production declines, operational issues at underlying properties, and changes in energy demand can reduce cash flow. The trust has a finite asset base and does not conduct exploration to replace reserves. Other risks include interest rate sensitivity, tax complexities of trust distributions, and concentration in certain regions or operators. These factors can make distributions volatile over time.