dividend
confidence high
sentiment neutral
materiality 0.50
Sabine Royalty Trust declares August cash distribution of $0.450890 per unit
SABINE ROYALTY TRUST
- Distribution of $0.450890/unit payable Aug 29, 2024 to holders of record Aug 15, 2024.
- Reflects May 2024 oil (76,461 bbls at $77.48/bbl) and April 2024 gas (1,346,957 Mcf at $1.20/Mcf).
- Distribution increased vs prior month due to higher oil production, partly offset by lower oil & gas prices and lower gas volumes.
- Prior month: 55,484 bbls at $82.07/bbl, 1,414,577 Mcf at $1.29/Mcf.
- About $212,000 revenue will be posted in August; $264,000 received since July close.