Cross Timbers Royalty Trust

Name

Cross Timbers Royalty Trust

Legal name

Cross Timbers Royalty Trust

Website

https://crt-crosstimbers.com

Company type

Public

Founded year

1991

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Oil and Gas Royalty Trust

NAICS

Trusts, Estates, and Agency Accounts (52592)

SIC

Oil Royalty Traders (6792), Mineral Royalty Traders (6795)

akta.pro primary industry

Real Assets — Natural Resources & Minerals (Mining, Royalties/Streaming) (FSAHAIAK)

Keywords

• Oil and gas royalties
• Net profits interests
• Royalty trust
• Monthly income distributions
• Energy royalty investments

Headquarters

HQ city

Fort Worth

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Others

Revenue model

1. Net Profits Income Distribution: The trust generates revenue through two net profits interests: (1) 90% net profits interests from royalty and overriding royalty interests in producing properties in Texas, Oklahoma, and New Mexico, primarily long-lived gas properties in the San Juan Basin of northwestern New Mexico - not subject to production or development costs; (2) 75% net profits interests from underlying working interests in seven large, predominantly oil-producing properties in Texas and Oklahoma - reduced by production and development costs. Net profits income is received from XTO Energy on the last business day of each month based on net proceeds received from underlying properties in the prior month. Distributions are paid to month-end unitholders of record within ten business days.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Cross Timbers Royalty Trust is a publicly traded grantor trust that holds 90% net profits interests in royalty and overriding royalty interests and 75% net profits interests in working interests in oil and gas properties located in Texas, Oklahoma, and New Mexico. The trust collects monthly net profits income from XTO Energy, which owns and operates the underlying properties, and distributes the proceeds to unitholders of record on a monthly basis.

Product overview

Cross Timbers Royalty Trust is a grantor trust (not a product company) that holds net profits interests in oil and gas properties. The trust's offerings consist of two core royalty interest products: the 90% Net Profits Interests in royalty and overriding royalty properties (primarily San Juan Basin gas properties in New Mexico, plus Texas and Oklahoma), and the 75% Net Profits Interests in working interest properties in Texas and Oklahoma. The trust distributes monthly net profits income to unitholders based on collections from XTO Energy. Online tax and cost depletion calculators are provided as supplementary tools for unitholders.

Differentiator

Problem solved

Functional benefit

Products and services

• 90% Net Profits Interests (Royalty and Overriding Royalty) Royalty and overriding royalty net profits interests in producing oil and gas properties primarily in the San Juan Basin of New Mexico, plus Texas and Oklahoma; not subject to production or development costs. Held by the trust for the benefit of unitholders.
• 75% Net Profits Interests (Working Interest) Working interest net profits interests in seven large, predominantly oil-producing properties in Texas and Oklahoma; income reduced by production and development costs. Held by the trust for the benefit of unitholders.
• Monthly Cash Distributions to Unitholders Variable monthly cash distributions per unit of beneficial interest funded by net profits income from the trust's oil and gas royalty interests, paid to unitholders of record within ten business days of month-end.

Quantifiable outcome

• 79.29% net margin and 191.25% return on equity reported in recent quarterly earnings
• +1 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• XTO Energy Inc.coreStrategic or Co-development Partner · 12 February 1991XTO Energy Inc. owns the underlying properties from which the trust's net profits interests were conveyed. XTO Energy collects monthly net profits income on the last business day of each month based on net proceeds received from the underlying properties in the prior month, then pays this to the trust. XTO Energy manages all production and development operations on the properties.
• Argent Trust CompanycoreOthers · 12 February 1991Argent Trust Company serves as the Trustee of Cross Timbers Royalty Trust. The Trustee calculates and declares monthly cash distributions, which are paid to month-end unitholders of record within ten business days. Argent Trust Company manages the trust's administrative functions including financial reporting, SEC filings, and unitholder communications. Contact: 855-588-7839.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Kimbell Royalty Partners: Kimbell Royalty Partners is a publicly traded partnership that owns and acquires mineral and royalty interests across major U.S. basins, distributing cash flow to unitholders. Its active acquisition strategy and mineral/royalty focus make it a close peer to Cross Timbers' underlying assets.
• Viper Energy: Viper Energy is a publicly traded mineral and royalty company focused primarily on the Permian Basin, owning interests leased to operators. While more concentrated in the Permian and actively growing, its mineral/royalty income model parallels Cross Timbers.
• Black Stone Minerals: Black Stone Minerals is one of the largest U.S. owners of oil and gas mineral interests and royalties with a diversified multi-basin asset base. While structured as an MLP rather than a trust, its core business of mineral/royalty ownership is directly comparable.
• Sabine Royalty Trust: Sabine Royalty Trust is a publicly traded grantor trust that holds royalty and overriding royalty interests in oil and gas properties across multiple U.S. states, paying monthly distributions in essentially the same passive structure as Cross Timbers.
• Sitio Royalties: Sitio Royalties is a publicly traded mineral and royalty company that consolidates non-operated mineral and royalty interests across U.S. basins. Its passive-income model and asset base closely match Cross Timbers' underlying royalty interests.
• Permian Basin Royalty Trust: Permian Basin Royalty Trust is a publicly traded grantor trust holding net profits interests in oil and gas properties in Texas, mirroring Cross Timbers' structure but concentrated in the Permian Basin.
• Dorchester Minerals: Dorchester Minerals is a publicly traded partnership that owns and manages oil and gas mineral interests and royalty properties across U.S. basins, distributing cash to unitholders — directly comparable to Cross Timbers' royalty-income model.

Broad incumbents

• Texas Pacific Land Corporation: Texas Pacific Land Corporation owns substantial surface and royalty rights across West Texas, including mineral interests that generate oil and gas royalties. While a much larger, diversified entity with water and land businesses, its underlying royalty income from Texas oil and gas makes it a relevant incumbent peer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cross Timbers Royalty Trust