dividend
confidence high
sentiment neutral
materiality 0.25
Sabine Royalty Trust declares May 2024 distribution of $0.59773/unit
SABINE ROYALTY TRUST
- Distribution payable May 29, 2024 to holders of record May 15, 2024.
- Preliminary volumes: 87,730 bbl oil, 1,176,257 Mcf gas; oil $76.02/bbl, gas $2.53/Mcf.
- Distribution increased vs prior month due to higher oil production, partly offset by lower oil prices.
- Prior month: 64,623 bbl oil, 1,542,894 Mcf gas; oil $81.94/bbl, gas $2.39/Mcf.
- Approximately $249,000 in revenue received after April close to be posted in May; additional $1,075,000 received since press release.