Cross Timbers Royalty Trust (CRT) holds net profits interests in oil and gas properties largely operated by ExxonMobil’s subsidiary XTO Energy, generating income based on revenues less costs. Over recent years, CRT’s revenues and net profits income have declined slightly due to natural production decline and lower oil prices, though some offset came from higher gas prices. The Trust distributes monthly cash flows after expenses, with no debt or capital expenditure obligations. With its limited operational role and exposure to commodity markets, CRT’s growth depends mainly on oil and gas price trajectories and production trends from underlying assets. Key risks include commodity price volatility, regulatory shifts, and ongoing natural production depletion.