Cross Timbers Royalty Trust operates as an express trust in the United States. The company's function is to collect and distribute monthly net profits income from royalty interests and overriding royalty interests to unitholders. It holds 90% net profits interests in certain producing and nonproducing royalty and overriding royalty interest properties producing oil and gas in Texas, Oklahoma, and New Mexico; and 75% net profits interests in seven oil-producing properties, including four properties in Texas and three properties in Oklahoma. The company was founded in 1991 and is based in Dallas, Texas.