Cross Timbers Royalty Trust | 10-Q: FY2025 Q3 Revenue: USD 2.774 M

Revenue: As of FY2025 Q3, the actual value is USD 2.774 M.

EPS: As of FY2025 Q3, the actual value is USD 0.0756.

EBIT: As of FY2025 Q3, the actual value is USD 748.82 K.

Net Profits Income

• For the quarter ended September 30, 2025, net profits income was $761,552, a 55% decrease from $1,697,724 in the third quarter of 2024. This decline was primarily due to decreased oil and gas production and lower oil prices, partially offset by decreased production expenses and other costs.
• For the nine months ended September 30, 2025, net profits income was $4,108,712, a 19% decrease from $5,100,336 in the same period of 2024, mainly due to decreased production and lower oil prices, offset by decreased development costs and higher gas prices.

Distributable Income

• Distributable income for the quarter ended September 30, 2025, was $453,318, or $0.075553 per unit, compared to $1,521,252, or $0.253542 per unit, in the third quarter of 2024.
• For the nine months ended September 30, 2025, distributable income was $3,129,804, or $0.521634 per unit, compared to $4,360,224, or $0.726704 per unit, in the same period of 2024.

Sales Volumes and Prices

• Oil sales volumes decreased 20% for the third quarter and 11% for the nine-month period, while gas sales volumes decreased 47% for the third quarter and 26% for the nine-month period.
• The average oil price for the third quarter decreased 20% to $62.21 per Bbl, and for the nine-month period decreased 13% to $66.93 per Bbl. Gas prices remained flat at $3.65 per Mcf for the third quarter and increased 10% to $4.41 per Mcf for the nine-month period.

Costs

• Total costs for the quarter ended September 30, 2025, were $1,920,310, a 28% decrease from $2,649,182 in the third quarter of 2024.
• For the nine months ended September 30, 2025, total costs were $6,095,161, a 23% decrease from $7,900,045 in the same period of 2024.

Future Outlook and Strategy

• The Trust’s strategy focuses on managing the net profits interests in oil and gas properties, with no specific forward-looking guidance provided in the report. The Trust continues to monitor market conditions and adjust its expense reserves and distributions accordingly.