#United States #Dallas #Sabine Royalty Trust #SBR #Argent Trust Company

Sabine Royalty Trust Cash Distribution Announcement for December 2024

On December 5, 2024, Argent Trust Company, serving as the trustee of the Sabine Royalty Trust (NYSE: SBR), announced a monthly cash distribution to holders of its units of beneficial interest, amounting to $0.311170 per unit. This payment will be made on December 30, 2024, to those who are holders of record as of December 16, 2024.

This cash distribution is linked to the oil production metrics for September 2024 and gas production metrics for August 2024. Preliminary figures indicate an estimated production of 68,183 barrels of oil and 1,536,640 Mcf of gas during this period. The average selling prices for this month are notably reported at $71.76 per barrel of oil and $1.39 per Mcf of gas.

Comparatively, this month's distribution is relatively subdued when juxtaposed with the previous month's figures. The notable reduction in distribution can be attributed to a decline in both oil and gas production, as well as a drop in the average prices associated with these commodities. The details from the previous month highlight a production consisting of 70,299 barrels of oil and 1,898,789 Mcf of gas with an average price of $76.90 per barrel and $1.78 per Mcf, suggesting a downward trend in the operational performance.

Production and Sales Dynamics

The fluctuations in production and sales volumes directly influence the distributions made to the trust’s unit holders. Sales records are generally documented in accordance with the month when the trust recognizes the associated royalty income. This practice implies that pricing dynamics and sales volumes are subject to month-to-month variations based on when cash payments are received. Most companies within the energy sector publish royalty payments around the 25th of each month, which may lead to discrepancies due to varying delivery times of checks.

In January 2024, a sum of $1,526,000 from revenues received late in November will be included in the next month’s distribution, along with any cash transactions accrued during December.

Additionally, it’s important to note that the trust will deduct approximately $1,624,000 for 2024 Ad Valorem taxes from the current month’s distribution, a significant rise from last year’s $990,000. The trustee was informed of delays in some tax renditions this year, which may influence the amounts deducted for distributions in January and February 2025.

Resources and Further Information

Further information regarding the distribution history of the Sabine Royalty Trust can be accessed through their enhanced website at sbr-sabine.com, which includes financial reports and tax information booklets for both current and previous years. Additionally, printed reports are available upon request and mailed to interested parties at no cost.

The 2023 Annual Report alongside the Form 10-K and the Reserve Summary dated January 1, 2024, can also be viewed online, providing a comprehensive overview of the Trust’s financial health and production assets.

Cautionary Statement

It is crucial to acknowledge that the statements regarding future conditions or events, plus other declarations marked by terms like “believes,” “anticipates,” “plans,” or similar expressions, are considered forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Various factors and risks could result in significant deviations from the Trust’s projected outcomes.

The Trustee holds the position that any forward-looking statements represent views as of the date indicated and may be updated in the future but disclaims any obligation to do so. Therefore, stakeholders should refrain from relying on such statements for projections beyond their stated date, as actual results may significantly differ.

For more continuous updates, visit Sabine Royalty Trust’s official site.