Quarterly ResultMay 8, 2026, 11:07 AM
Sabine Royalty Q1 Distributable Income $0.89/Unit, Down 28% YoY
AI Summary
Sabine Royalty Trust reported a distributable income of $13.04 million, or $0.89 per unit, for the first quarter of 2026, a 28% decrease from the prior year. Royalty income declined by 27% to $14.19 million, primarily due to lower oil and natural gas production and lower oil prices, partially offset by higher natural gas prices. The Trust also noted a decrease in general and administrative expenses.
Key Highlights
- Distributable income for Q1 2026 was $13,042,296, down from $18,146,483 in Q1 2025.
- Distributable income per unit was $0.89 in Q1 2026, compared to $1.24 in Q1 2025.
- Royalty income decreased 27% to $14,191,624 in Q1 2026 from $19,394,566 in Q1 2025.
- Oil production was 139,120 Bbls in Q1 2026, down from 211,707 Bbls in Q1 2025.
- Average realized oil price was $56.91/Bbl in Q1 2026, down from $59.17/Bbl in Q1 2025.
- Gas production was 2,838,284 Mcfs in Q1 2026, down from 3,883,612 Mcfs in Q1 2025.
- Average realized gas price was $2.78/Mcf in Q1 2026, up from $2.19/Mcf in Q1 2025.
- General and administrative expenses decreased by $133,000 to $1,222,077 in Q1 2026.