Cross Timbers Royalty Trust (CRT) risk factors
Item 1A of every Cross Timbers Royalty Trust 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors21 risks2 reworded
Tax risk was updated to include the One Big Beautiful Bill Act signed into law on July 4, 2025. Expense and development cost disclosures were updated with specific historical deficit periods for Texas and Oklahoma working interests through 2025.
Filed Mar 27, 2026 - FY2024 10-K risk factors21 risks
Trust distributions depend entirely on commodity prices and production expenses managed by third-party operator XTO Energy. Unitholders have limited control, no voting rights on property transfers, and face non-GAAP financial reporting. The trust terminates if gross revenues fall below one million dollars over two years.
Filed Mar 27, 2025