Cross Timbers Royalty Trust (CRT) Q3 2025 earnings summary

Executive summary

• Q3 distributable income was $453,318, or $0.075553 per unit, down from $1,521,252, or $0.253542, in Q3 2024.

• 9M distributable income totaled $3.13 million, down from $4.36 million in 9M 2024, primarily reflecting lower production and oil prices.

Financial highlights

• Q3 net profits income fell 55% YoY to $761,552; 9M declined 19% to $4.11 million.

• Q3 interest income was $12,729; administration expense was $170,963 and the expense reserve increased $150,000.

• 9M interest income was $36,717; administration expense was $715,625 and the expense reserve increased $300,000.

• At Sep. 30, cash and short-term investments were $1.49 million; net profits interests, net, were $2.23 million versus $2.43 million at Dec. 31, 2024.

Outlook and guidance

• Estimated natural production decline on underlying oil and gas properties is 6%–8% annually.

• Future results remain sensitive to sales volumes, commodity prices, deductible costs, development activity, regulation and broader industry conditions.