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

Sabine Royalty Trust Announces Monthly Cash Distribution for March 2025

On March 7, 2025, Argent Trust Company, acting as the Trustee for the Sabine Royalty Trust (NYSE: SBR), disclosed its latest cash distribution for the month. Shareholders will receive a distribution amounting to $0.301230 per unit, which is scheduled to be paid on March 31, 2025. This payment is designated for unit holders whose names are on the record as of March 17, 2025.

The distribution reflects the current production figures of oil and gas for December 2024 and November 2024, respectively. According to preliminary reports, the Trust has recorded approximately 45,827 barrels of oil along with 1,044,259 Mcf of gas. The pricing for these resources has been approximately $69.44 per barrel for oil and $1.86 per Mcf for gas. Notably, this month's distribution shows a decline compared to the previous month's payout. This reduction can be attributed to a drop in both oil and gas production, coupled with a decrease in commodity pricing.

Production and Pricing Comparison

The following table outlines a comparison between current and prior production volumes and pricing:


Note: Sales volumes are recognized in the month when the Trust receives the associated royalty income. Therefore, fluctuations in volumes and prices can occur on a month-to-month basis due to the timing of cash receipts.

In an interesting development, the March distribution does include a one-time settlement payment of $400,000, which was received from TGNR East Texas II, LLC. This payment originates from a settlement agreement regarding unpaid royalties related to various wells managed by TGNR in Panola County, Texas. These unpaid royalties came to light during the Trust's ongoing revenue auditing process.

As per standard procedures, revenues are distributed only after they have been received, verified, and accounted for correctly. Energy companies typically process royalty payments around the 25th of each month, yet variations in mail delivery can lead to discrepancies in revenue posting until the last business day of the month. Any revenues that arrive post the end of the month will be processed and positioned within 30 days of their receipt.

By the latest updates prior to this announcement, Sabine collected revenues totaling about $1,104,000. Additionally, the comprehensive 2024 Annual Report on Form 10-K has been submitted to the Securities and Exchange Commission. For further information and access to updates, interested parties should refer to the Sabine website.

Forward-Looking Statements

It is essential to note that any forward-looking claims made in this announcement reflect the Trust's expectations as of this date. Various factors or risks could steer actual outcomes away from the forecasts provided. Stakeholders should review the Risk Factors outlined in the Trust's Annual Report on Form 10-K for the year ended December 31, 2024, for a detailed understanding of the inherent risks. The Trust may revise its outlook in the future, but it does not commit to updating any forward-looking statements unless required.

For those looking for more insights into the historical distribution trends, production data, and critical financial findings, more comprehensive documents can be accessed via the official Sabine Royalty Trust website or requested directly for home delivery at no cost.