Sabine Royalty Trust Declares Monthly Cash Distribution for October 2023

Dallas-based Argent Trust Company, acting as Trustee of the Sabine Royalty Trust (NYSE:SBR), has announced a cash distribution for the holders of its units of beneficial interest. The distribution, amounting to $0.278690 per unit, will be payable on October 30, 2023, to unit holders of record as of October 16, 2023.

Unit holders can find Sabine’s cash distribution history, current and prior year financial reports, tax information booklets, and Securities and Exchange Commission filings on the company’s website at http://www.sbr-sabine.com/. Printed reports can also be requested and will be mailed free of charge.

The cash distribution primarily reflects the oil production for July 2023 and the gas production for June 2023. Preliminary production volumes indicate approximately 38,263 barrels of oil and 888,113 Mcf of gas. The average prices for oil and gas are estimated at $73.41 per barrel and $2.29 per Mcf, respectively.

Compared to the previous month, this distribution is lower due to decreased oil prices and lower production in both oil and gas. However, it is partially offset by higher gas prices.

Sabine Royalty Trust ensures that revenues are distributed only after they are received, verified, and posted. While most energy companies typically issue royalty payments around the 25th of each month, there may be delays in receiving royalties until after the revenue posting on the last business day of the month.

During the period between the end of August and the release of this press statement, Sabine Royalty Trust received $3,444,535 in revenue. Additionally, approximately $3,200,865 of revenue received in September will be posted in October, along with regular receipts.

For more detailed information, the 2022 Annual Report with Form 10-K and the January 1, 2023 Reserve Summary are available on Sabine’s website at http://www.sbr-sabine.com/.

Investors and unit holders can rely on Sabine Royalty Trust’s commitment to transparency and timely distribution of revenues, ensuring a positive experience for all stakeholders.