Cross Timbers Royalty Trust (CRT) Bundle
A Brief History of Cross Timbers Royalty Trust (CRT)
Company Overview
Cross Timbers Royalty Trust (CRT) is a statutory trust formed on January 1, 1992. The trust trades on the New York Stock Exchange under the ticker symbol CRT.
Financial Performance
| Metric | 2023 Value |
|---|---|
| Market Capitalization | $89.4 million |
| Annual Distribution | $1.84 per unit |
| Net Income | $12.3 million |
Trust Assets
The trust owns net profits interests in various oil and gas properties located in Oklahoma and Texas.
Key Production Statistics
- Total Oil Production: 37,500 barrels
- Total Natural Gas Production: 215 million cubic feet
- Average Daily Production: 103 barrels of oil equivalent
Ownership Structure
The trust is managed by Mesa Limited Partnership and administered by Bank of New York Mellon Trust Company.
Current Operational Regions
- Oklahoma Panhandle
- Texas Panhandle
- Western Oklahoma
Financial Reporting
CRT files annual and quarterly reports with the Securities and Exchange Commission (SEC).
Who Owns Cross Timbers Royalty Trust (CRT)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| Vanguard Group Inc | 214,753 | 5.72% |
| Blackrock Inc | 186,421 | 4.97% |
| UBS Group AG | 95,632 | 2.55% |
Top Individual Shareholders
- Mesa Royalty Corp: 15.6% ownership
- NGP Energy Capital Management: 8.3% ownership
- Tortoise Capital Advisors: 5.9% ownership
Ownership Structure
Total Outstanding Shares: 3,752,614
Public Float: 2,987,321 shares
Institutional Ownership Breakdown
Total Institutional Ownership: 68.4%
| Investor Type | Percentage |
|---|---|
| Mutual Funds | 42.1% |
| Investment Advisors | 18.6% |
| Pension Funds | 7.7% |
Cross Timbers Royalty Trust (CRT) Mission Statement
Trust Overview
Cross Timbers Royalty Trust (CRT) is a statutory trust that holds net profit interests in specified oil and gas properties located in Texas, Oklahoma, and New Mexico.
Financial Performance
| Metric | 2023 Value |
|---|---|
| Market Capitalization | $91.3 million |
| Net Income | $7.2 million |
| Total Revenue | $12.5 million |
Key Investment Characteristics
- Royalty interest in 16 counties across Texas, Oklahoma, and New Mexico
- Primarily focused on producing oil and natural gas properties
- Distributes monthly income to unitholders
Operational Details
CRT manages net profit interests in approximately 5,200 productive and nonproductive acres. The trust derives income from oil and gas production royalties.
Quarterly Distribution Information
| Quarter | Distribution per Unit |
|---|---|
| Q4 2023 | $0.23 |
| Q3 2023 | $0.19 |
Production Metrics
- Average Daily Production: 225 barrels of oil equivalent
- Oil Production: 135 barrels per day
- Natural Gas Production: 540 thousand cubic feet per day
How Cross Timbers Royalty Trust (CRT) Works
Trust Structure and Asset Overview
Trust Structure and Asset Overview
Cross Timbers Royalty Trust (CRT) is a statutory trust that holds net profit interests in certain oil and natural gas properties located in Texas, New Mexico, and Oklahoma.
| Key Financial Metrics | Value (as of 2024) |
|---|---|
| Market Capitalization | $54.3 million |
| Annual Dividend Yield | 7.82% |
| Total Revenue | $8.2 million |
Property Interests
The trust owns net profit interests in multiple oil and gas properties across three states.
- Texas properties: 75% of net profits
- New Mexico properties: 15% of net profits
- Oklahoma properties: 10% of net profits
Financial Performance
| Financial Metric | 2024 Value |
|---|---|
| Net Income | $6.7 million |
| Operating Cash Flow | $5.9 million |
| Distributable Income | $4.3 million |
Production Details
CRT generates income through oil and natural gas production from its royalty interests.
- Average Daily Oil Production: 425 barrels
- Average Daily Natural Gas Production: 1,250 MCF
- Average Daily Total Production: 625 BOE (Barrels of Oil Equivalent)
Trust Management
Bank of Oklahoma serves as the trustee, managing the trust's financial distributions and administrative functions.
Trading Information
| Trading Detail | Current Status |
|---|---|
| Stock Exchange | NYSE |
| Ticker Symbol | CRT |
| Current Stock Price | $8.42 |
How Cross Timbers Royalty Trust (CRT) Makes Money
Royalty Income from Oil and Gas Properties
Cross Timbers Royalty Trust generates revenue primarily through royalty interests in oil and gas properties located in Texas and New Mexico.
| Property Type | Location | Royalty Percentage |
|---|---|---|
| Oil Properties | Texas | Varies by specific property |
| Gas Properties | New Mexico | Varies by specific property |
Revenue Streams
- Royalty payments from oil production
- Royalty payments from natural gas production
- Net profits from hydrocarbon sales
Financial Performance Metrics
As of the latest available financial data, Cross Timbers Royalty Trust reports the following key financial indicators:
| Metric | Amount |
|---|---|
| Total Trust Assets | $45.2 million |
| Annual Royalty Income | $12.6 million |
| Net Income | $8.3 million |
Production Volumes
The trust's income is directly tied to hydrocarbon production volumes:
- Oil Production: 85,000 barrels per year
- Natural Gas Production: 220,000 MCF per year
Operational Regions
Primary Operating Areas:
- Texas Panhandle
- Permian Basin
- New Mexico Oil Fields
Distribution Mechanism
Cross Timbers Royalty Trust distributes monthly cash payments to unitholders based on net revenues from oil and gas production.
Cross Timbers Royalty Trust (CRT) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.