Friday 6 November 2026
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Cross Timbers Royalty Trust
CRT Energy Oil & Gas E&P
Cross Timbers Royalty Trust’s revenue for fiscal 2025 (year ended December 2025) was $14.6 million, down 15.8% from fiscal 2024.
- Revenue
- −1.16%
- EPS
- −6.67%
Quarter to June 2026, against a year earlier
12.75
0.35
+2.82%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 16 | 16 | 19 | 14 | 11 | 12 | 30 | 25 | 17 | 15 | 13 | (0.9%) | — | — | — | — | |
| Gross margin, % | 71.74 | 71.36 | 77.14 | 62.09 | 61.71 | 60.44 | 80.27 | 70.06 | 58.47 | 51.98 | 38.72 | (19.8) pt | ||||||
| EBT | 8 | 7 | 11 | 7 | 5 | 8 | 13 | 13 | 7 | 6 | 5 | (3.4%) | ||||||
| EBT margin, % | 53.05 | 46.25 | 55.14 | 46.30 | 47.90 | 67.51 | 45.61 | 51.61 | 37.78 | 42.15 | 37.09 | (10.9) pt | ||||||
| Net income | — | — | — | — | — | — | — | — | — | — | 0 | — | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 2.63 | 2.66 | 3.17 | 2.40 | 1.88 | 1.92 | 4.92 | 4.24 | 2.89 | 2.43 | 2.09 | (0.9%) | |||||
| Earnings | 1.06 | 1.01 | 1.43 | 0.88 | 0.78 | 1.11 | 1.96 | 1.92 | 0.95 | 0.75 | 0.53 | (3.8%) | ||||||
| Cash flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | n/m | ||||||
| Capex | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | n/m | ||||||
| Free cash flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | n/m | ||||||
| Book value | 1.65 | 1.55 | 1.42 | 1.36 | 1.25 | 0.54 | 0.49 | 0.45 | 0.41 | 0.36 | 0.35 | (15.6%) | ||||||
| Shares, m | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 0.0% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 16.98 | 14.85 | 7.64 | 9.92 | 10.70 | 10.32 | 12.21 | 9.10 | 10.53 | 10.46 | 24.06 | 11.3 | |||||
| P/S | 6.84 | 5.57 | 3.44 | 3.63 | 4.37 | 5.97 | 4.97 | 4.14 | 3.43 | 3.27 | 6.09 | 4.6 | ||||||
| P/B | 10.90 | 9.57 | 7.68 | 6.42 | 6.57 | 21.05 | 49.53 | 39.44 | 24.41 | 22.10 | 36.56 | 19.8 | ||||||
| EV/Sales | 6.74 | 5.48 | 3.36 | 3.53 | 4.25 | 5.81 | 4.91 | 4.07 | 3.35 | 3.12 | 5.95 | 4.5 | ||||||
| EV/FCF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | — | — | — | — | — | — | |||||
| Capex | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Free cash flow | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | n/m | |||||
| Net debt | (2) | (1) | (2) | (2) | (1) | (2) | (2) | (2) | (1) | (2) | (2) | +3.7% | ||||||
| Shareholders’ equity | 10 | 9 | 9 | 8 | 8 | 3 | 3 | 3 | 2 | 2 | 2 | (15.6%) | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 55.44 | 54.46 | 81.85 | 53.12 | 50.37 | 95.44 | 235.97 | 245.88 | 136.23 | 110.83 | 84.63 | +55.4 pt | |||||
| ROIC | 62.65 | 58.91 | 94.76 | 62.65 | 55.02 | 336.55 | 791.11 | 1,001.58 | 384.42 | 15,560.22 | 877.28 | +15,497.6 pt | ||||||
| ROE | 62.26 | 63.01 | 95.96 | 63.00 | 59.61 | 123.70 | 377.09 | 409.97 | 222.45 | 195.61 | 145.08 | +133.4 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | — | — | — | — | |||||
| Revenue/emp, $m | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
Cross Timbers Royalty Trust vs peers in Oil & Gas E&P (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| GLND Greenland Energy Company | $93.6M | — | — | — | n/m | — | — | 0.00% | Compare |
| EP Empire Petroleum Corporation | $83.6M | — (loss-making) | — | +8.58% (above 0%: growing) | n/m | −43.32% (below 0%: shrinking) | 47.01% | (16.22%) | Compare |
| CRT Cross Timbers Royalty Trust | $74.4M | 23.8× | 13.0× | −1.16% (below 0%: shrinking) | −6.67% (below 0%: shrinking) | — | 44.21% | 27.28% | |
| BSIN Big Sky Industrial Inc. | $69.3M | — (loss-making) | — (loss-making) | +5.23% (above 0%: growing) | n/m | −76.10% (below 0%: shrinking) | 45.64% | (111.76%) | Compare |
| NRT North European Oil Royality Trust | $62.0M | 6.6× | — | +0.94% (above 0%: growing) | +3.85% (above 0%: growing) | −113.18% (below 0%: shrinking) | 100.00% | 100.00% | Compare |
| PVL PERMIANVILLE ROYALTY TRUST | $58.7M | 7.3× | 6.3× | +31.88% (above 0%: growing) | +200.00% (above 0%: growing) | — | 56.52% | 20.33% | Compare |
| VOC VOC Energy Trust | $50.0M | 7.2× | 27.3× | −31.56% (below 0%: shrinking) | −23.08% (below 0%: shrinking) | — | 100.00% | 94.96% | Compare |
| PROP Prairie Operating Co. | $45.9M | — (loss-making) | — (loss-making) | +45.17% (above 0%: growing) | n/m | −5,603.85% (below 0%: shrinking) | 100.00% | 45.88% | Compare |
| BATL Battalion Oil Corporation | $41.8M | — (loss-making) | 25.5× | +12.42% (above 0%: growing) | n/m | +119.80% (above 0%: growing) | 47.93% | 14.09% | Compare |
| Median of peers | $60.4M | 7.2× | 25.5× | +8.58% | +3.85% | −76.10% | 56.52% | 17.21% |