DividendJul 2, 2026, 10:02 AM
Sabine Royalty Trust Declares $0.429150 Monthly Distribution
AI Summary
Sabine Royalty Trust announced a monthly cash distribution of $0.429150 per unit for July 2026, payable on July 29, 2026. This distribution is lower than the previous month, primarily due to a significant decrease in natural gas pricing, despite higher oil and natural gas production volumes and increased oil pricing. The trust also noted that approximately $1.03 million in revenue received will be posted in the following month.
Key Highlights
- Sabine Royalty Trust declared a cash distribution of $0.429150 per unit.
- The distribution is payable on July 29, 2026, to unitholders of record on July 15, 2026.
- Preliminary production volumes for April 2026 (oil) and March 2026 (gas) were 54,139 barrels of oil and 1,074,976 Mcf of gas.
- Preliminary prices were approximately $87.11 per barrel of oil and $2.41 per Mcf of gas.
- The distribution is lower than the previous month primarily due to a decrease in natural gas pricing (from $4.70 to $2.41 per Mcf).
- Higher oil and natural gas production, along with higher oil pricing (from $80.78 to $87.11 per bbl), partially offset the decrease.
- Approximately $1,029,000 of revenue received will be posted in July, in addition to normal cash receipts.
Price Impact
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