Sabine Royalty Trust Announces Recent Cash Distribution Insights

Sabine Royalty Trust Announces Monthly Cash Distribution
Argent Trust Company, in its role as Trustee of the Sabine Royalty Trust (NYSE: SBR), has made an important announcement regarding the cash distribution for unit holders. The Trust has declared a cash distribution of $0.584110 per unit, set to be paid on September 29. This payment is designated for unit holders who were in possession of their units as of September 15.
Understanding the Distribution Context
This cash distribution is reflective of the oil production figures from a prior month, specifically June, and the gas production figures from May, which are regarded as the most recent. Preliminary production volumes indicate that about 97,403 barrels of oil and approximately 1,181,086 Mcf of gas were produced during this timeframe. The prices recorded were around $68.79 per barrel of oil and $2.40 per Mcf of gas.
Comparison with Previous Month's Data
It's noteworthy that the current month's distribution is lower than that of the previous month. This decline is primarily attributed to a reduction in both oil and natural gas production, coupled with a decrease in pricing for these resources.
Production and Pricing Data Details
Here are the specifics regarding production volumes and pricing of oil and gas for the most recent months:
Current Month vs. Prior Month
In the current month, the oil produced totaled 97,403 bbls while gas production reached 1,181,086 Mcf. The average price for oil was calculated at $68.79 per barrel, with gas priced at $2.40 per Mcf. In contrast, previous month figures showed a higher production volume of 121,894 bbls of oil and 1,280,573 Mcf of gas, with prices of $69.53 per barrel for oil and $2.77 per Mcf for gas.
Timely Receipt and Distribution of Revenues
It's crucial to understand that revenue distributions occur only after funds have been received, verified, and properly recorded. Energy firms typically issue royalty payments around the 25th of each month. However, due to factors such as mail delays, some royalties may not be posted until the end of the month, which can cause varied amounts to be allocated in the following month.
This specific month, due to the timing from August’s close of business, approximately $498,000 in revenue will be accrued in September, in addition to the typical cash receipts for that month. Since August, an additional revenue of around $367,000 has been recognized.
Annual Reports and Financial Transparency
The Annual Report for 2024, including the Form 10-K and the December 31 Reserve Summary, will also be accessible on the Sabine Royalty Trust's website for those seeking comprehensive financial information.
Frequently Asked Questions
What is the Sabine Royalty Trust?
The Sabine Royalty Trust is a trust that primarily holds oil and gas interests and distributes cash to unit holders based on the income generated from these assets.
How often does the trust declare cash distributions?
Cash distributions are declared monthly based on the production and revenue realized from the oil and gas interests held by the trust.
When will the next cash distribution be paid?
The next cash distribution is scheduled for payment on September 29, following approval and declaration on the specified dates.
What factors influence the cash distribution amount?
The cash distribution amount is significantly influenced by oil and gas production levels, along with current market prices for these resources.
Where can I find detailed financial reports for the trust?
Detailed financial reports, including annual and quarterly filings, are accessible on the Sabine Royalty Trust's official website.
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