dividend
confidence high
sentiment negative
materiality 0.45
Sabine Royalty Trust declares June distribution of $0.53764/unit, down from prior month
SABINE ROYALTY TRUST
- Cash distribution of $0.537640 per unit payable June 28, 2024, record June 17, 2024.
- Preliminary oil production 75,929 bbls at $81.23/bbl; gas 1,359,458 Mcf at $2.13/Mcf.
- Distribution lower due to decreased oil production and lower natural gas prices.
- Oil volumes fell from 87,730 bbls; gas volumes rose from 1,176,257 Mcf prior month.
- Approximately $244,000 of May revenue will be posted in June; $890,000 received since May close.