Sabine Royalty Trust declares $0.44833/unit monthly distribution, oil production up 12% MoM

SABINE ROYALTY TRUST

Distribution of $0.448330 per unit payable Jan 29, record Jan 15, 2025.
Current month oil production 76,247 bbls (+11.8% vs 68,183 prior); gas 1,617,815 Mcf (+5.3%).
Average realized prices: oil $67.70/bbl (down from $71.76), gas $1.61/Mcf (up from $1.39).
Distribution increase driven by higher production and gas prices, lower ad valorem taxes.
Approx $232,000 of December revenue to be posted in January; $259,000 ad valorem tax deducted.

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