CROSS TIMBERS ROYALTY TRUST — Form 10-Q
Filed August 13, 2026 · analyzed by the Periodic Agent
10-Q
▼ Likely negative
significance 38/100
What the filing says
For Q2 2026, Cross Timbers Royalty Trust reported net profits income of $1,088,155 (down 16% vs. Q2 2025's $1,293,766) and distributable income of $861,180 ($0.143530 per unit). For H1 2026, net profits income fell 44% to $1,862,336 from $3,347,160 in H1 2025, with distributable income declining to $1,364,586 ($0.227431 per unit) from $2,676,486. Declines driven by oil/gas production fall (down 19–30% H1 YoY), lower gas prices ($4.79/Mcf Q2 vs. $5.54 prior year), and increased overhead costs. Trust corpus decreased to $2,092,236 (June 30, 2026) from $2,158,420 (Dec 31, 2025); 6,000,000 units outstanding unchanged.
Why this rating
Material 44% H1 income decline reflects structural production depletion (~6–8% annual natural decline) plus price headwinds. Trust corpus ~$2.1M is modest; ~$3.9M total assets. Event substantial relative to small trust size but trust is mature passive income vehicle; no business pivot or solvency risk indicated.
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