dividend
confidence high
sentiment negative
materiality 0.45
Sabine Royalty Trust declares $0.31117/unit monthly distribution, down from prior month
SABINE ROYALTY TRUST
- Distribution of $0.31117/unit payable Dec 30 to holders of record Dec 16.
- Preliminary volumes: 68,183 bbls oil, 1,536,640 Mcf gas vs 70,299 / 1,898,789 prior month.
- Average prices: oil $71.76/bbl, gas $1.39/Mcf vs $76.90 and $1.78 prior month.
- Ad valorem taxes deducted $1.624M vs $0.990M a year ago.
- Distribution lower primarily due to decreased production and lower oil/gas prices.