Monthly Cash Distribution Announced by Sabine Royalty Trust for January 2025
Monthly Cash Distribution Announced by Sabine Royalty Trust for January 2025
On January 3, 2025, Argent Trust Company, acting as the Trustee of the Sabine Royalty Trust (NYSE: SBR), announced a monthly cash distribution of $0.448330 per unit. This distribution is set to be payable on January 29, 2025, to all unit holders who are on record as of January 15, 2025.
The trustee highlighted that this month's distribution predominantly includes revenue generated from oil production in October 2024 and gas production in September 2024, reflecting the current production statistics. Preliminary figures indicate approximately 76,247 barrels of oil and 1,617,815 Mcf of natural gas produced during this period. The average selling prices for this production stand at about $67.70 per barrel for oil and $1.61 per Mcf for gas.
This distribution marks an increase compared to the previous month, largely attributed to heightened oil and gas production levels, along with rising natural gas prices. Additionally, a reduction in ad valorem taxes paid by the Trust also contributed to this improved figure, despite a slight downturn in oil prices.
Comparison with Previous Month
| Current Month | Prior Month | |
|---|---|---|
| ---- | --- | --- |
| Oil (bbls) | 76,247 | 68,183 |
| Gas (Mcf) | 1,617,815 | 1,536,640 |
| Oil Price (per bbl) | $67.70 | $71.76 |
| Gas Price (per Mcf) | $1.61 | $1.39 |
Revenue distribution by the Sabine Royalty Trust is contingent upon receipt and verification of royalty income. Consequently, it can vary based on the timing of cash receipts. Typically, energy companies remit royalty payments around the 25th of each month; however, due to mailing delays, payments can sometimes be received post revenue posting date.
For instance, following December’s end, the Trust expects to receive around $232,000 in revenue, which will be reported in January alongside other cash receipts. Until now, about $116,000 in revenue has already been secured.
Moreover, the Trust deducts costs for ad valorem taxes from its distributions, with $259,000 deducted for 2024 compared to $223,000 from the previous year. The trustee has indicated that the timing of tax renditions has faced some delays this year, suggesting that the amount deducted from February 2025’s distribution may differ from last year’s figures.
Additional Resources
Unit holders can access detailed reports regarding Sabine’s distribution history, alongside financial statements and tax information, on their official website at Sabine Royalty Trust. Printed reports can also be requested free of charge.
In compliance with regulations regarding forward-looking statements, the Trust warns that actual outcomes may deviate from anticipated results due to numerous factors. This coverage serves as a snapshot of the current financial status and operational expectations of the Sabine Royalty Trust, as of the publication date.
Conclusion
For unit holders and potential investors, this announcement serves as a reminder of the Trust's ongoing performance in the oil and gas market. With the monthly distributions linked to varying production levels and market prices, it’s essential to stay informed about future announcements and developments related to the Trust's operations.
Topics Financial Services & Investing）
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