Cross Timbers Royalty Trust (CRT) investor relations material

Executive summary

• Q2 2026 net profits income fell 16% YoY to $1.09M; distributable income declined to $861,180, or $0.143530 per unit, from $892,548, or $0.148758.

• H1 net profits income decreased 44% YoY to $1.86M; distributable income was $1.36M, or $0.227431 per unit, versus $2.68M, or $0.446081.

Financial highlights

• Q2 total income was $1.10M, including $13,591 of interest; administration expense was $240,566 and the expense reserve increased $150,000.

• H1 total income was $1.89M, including $27,257 of interest; administration expense was $475,007 and the expense reserve increased $150,000.

• Cash and short-term investments were $1.76M at June 30, 2026, versus $2.13M at Dec. 31, 2025; the expense reserve stood at $1.50M.

Segment performance

• Q2 underlying oil sales volumes rose 2% YoY to 36,535 Bbl; underlying gas volumes fell 10% to 195,389 Mcf.

• H1 underlying oil sales volumes declined 19% YoY to 64,654 Bbl and gas volumes declined 26% to 380,528 Mcf.

• Q2 average oil price rose 7% YoY to $71.54/Bbl, while gas price fell 14% to $4.79/Mcf; H1 prices were $65.07/Bbl and $4.53/Mcf, down 5% and 4%.

• Q2 net proceeds were $1.21M, down 17% YoY; H1 net proceeds were $2.07M, down 45%.