Dallas, United States: Argent Trust Company, as trustee of the Sabine Royalty Trust, which trades on the New York Stock Exchange under the ticker SBR, declared a cash distribution of $0.331680 per unit for September 2026, payable on September 29, 2026, to unit holders of record on September 15, 2026.
Production and pricing#
The distribution reflects primarily oil production for June 2026 and gas production for May 2026, which the trust considers current production.
- Preliminary oil production: approximately 39,647 barrels
- Preliminary gas production: approximately 1,094,091 Mcf (thousand cubic feet)
- Preliminary oil price: approximately $79.10 per barrel
- Preliminary gas price: approximately $2.33 per Mcf
Distribution comparison#
This month’s distribution is lower than the previous month’s primarily because of a decrease in oil and natural gas production and lower oil pricing, slightly offset by higher natural gas pricing. The trust also released a month-over-month comparison of production volumes and prices.
Revenue timing#
Sales volumes are recorded in the month the trust receives and identifies the related royalty income. Because of this, sales volumes and pricing may fluctuate from month to month based on the timing of cash receipts.
Revenues are distributed only after they are received, verified, and posted. Most energy companies normally issue royalty payments on or about the 25th of each month. Depending on mail delivery, a varying amount of royalties is not received until after the revenue posting on the last business day of the month. Revenues received after that date are posted within 30 days of receipt.
Because of the timing of the end of August, approximately $199,000 of revenue received will be posted in September in addition to normal cash receipts received during September. Since the close of business in August and prior to this announcement, approximately $1,141,000 in revenue has been received.
Reports and forward-looking statements#
The trust’s cash distribution history, current and prior year financial reports, tax information booklets, and a link to filings made with the Securities and Exchange Commission are available on its website at sbr-sabine.com. Printed reports can be requested and are mailed free of charge. The 2025 Annual Report with Form 10-K and the December 31, 2025, Reserve Summary are also available on the Sabine website at sbr-sabine.com.
Statements in this announcement about future events or conditions, and other statements containing words such as “estimates,” “believes,” “anticipates,” “plans,” “expects,” “will,” “may,” “intends” and similar expressions, other than historical facts, are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Factors or risks that could cause the trust’s actual results to differ materially from the results the trustee anticipates include, but are not limited to, the factors described in Part I, Item 1A, “Risk Factors” of the trust’s Annual Report on Form 10-K for the year ended December 31, 2025, and Part II, Item 1A, “Risk Factors” of subsequently filed Quarterly Reports on Form 10-Q. Actual results may differ materially from those indicated by such forward-looking statements. The forward-looking statements included in this announcement represent the trustee’s views as of the date hereof. The trustee anticipates that subsequent events and developments may cause its views to change. However, while the trustee may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the trustee’s views as of any date subsequent to the date hereof.
