dividend
confidence high
sentiment neutral
materiality 0.40
Sabine Royalty Trust declares $0.584110/unit September distribution, down from prior month
SABINE ROYALTY TRUST
- Distribution of $0.584110 per unit, payable Sept 29 to holders of record Sept 15.
- Preliminary volumes: 97,403 bbl oil (down from 121,894 bbl) and 1,181,086 Mcf gas (down from 1,280,573 Mcf).
- Average prices: oil $68.79/bbl (down from $69.53), gas $2.40/Mcf (down from $2.77).
- Lower distribution due to decreased production and lower oil and natural gas pricing.
- Approximately $498,000 revenue to be posted in September; $367,000 received since August close.
item 2.02item 9.01