Headquartered in Dallas, TX Fiscal year ends December NYSE: CRT crt-crosstimbers.com
Cross Timbers Royalty Trust (NYSE: CRT) is a statutory trust that holds net profits interests in oil and gas properties located in Texas, Oklahoma, and New Mexico. The Trust was created to receive and distribute to its unitholders net profits income from underlying oil and gas royalty and working interest properties originally conveyed by XTO Energy Inc. (now a subsidiary of ExxonMobil). The Trust does not engage in oil and gas exploration or production activities itself; rather, it passes through net profits income generated by its underlying property interests to unitholders as monthly cash distributions. Argent Trust Company serves as the Trustee, managing the Trust's administrative functions and distributions. The Trust's financial performance is directly tied to commodity prices for oil and natural gas, as well as production volumes and operating costs on the underlying properties. Updated
Oil is back in the headlines, and royalty trusts are quietly soaking up the rebound. With WTI crude flirting with and rising above $100 per barrel of late, the income side of…
Dividend yields are a driving priority among many investors, especially retirees and others who are dependent on dividend income for paying living expenses. An emerging secondary demographic consisting of Gen-Z and some…
Cross Timbers Royalty Trust (NYSE: CRT) is a statutory trust that holds net profits interests in oil and gas properties located in Texas, Oklahoma, and New Mexico.
