Sabine Royalty Trust declares July distribution of $0.32047 per unit

SABINE ROYALTY TRUST

Cash distribution of $0.320470 per unit payable July 31, 2023 to holders of record July 17, 2023.
Oil production 44,123 bbls at $76.22/bbl; gas production 992,651 Mcf at $2.20/Mcf (preliminary).
Distribution lower than prior month mainly due to decreased oil production and increased gas production offset by higher oil prices.
New horizontal gas wells in Panola County contributed $409,000; additional wells contributed $180,500.
Approximately $1,330,000 of June revenue will be posted in July due to timing.

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