Sabine Royalty Trust declares Nov distribution of $0.720840/unit; oil production rises

SABINE ROYALTY TRUST

Distribution of $0.720840/unit payable Nov 29, record Nov 15.
Oil production 70,052 bbls (up from 38,263) at $104.09/bbl (up from $73.41).
Gas production 840,907 Mcf at $5.88/Mcf (prior: 888,113 Mcf at $2.29).
Higher distribution driven by increase in oil prices and oil production.
Approximately $850,630 ad valorem taxes deducted this month vs $755,000 last year.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SABINE ROYALTY TRUST reported August 2023 oil and July 2023 gas production results: EPS $0.720840 per unit.

Period: August 2023 oil and July 2023 gas production
EPS: $0.720840 per unit
Result: preliminary results

Exact text from the filing

Sabine Royalty Trust News Release SABINE ROYALTY TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION FOR NOVEMBER 2023 Dallas, Texas, November 3, 2023 – Argent Trust Company, as Trustee of the Sabine Royalty Trust (NYSE: SBR), today declared a cash distribution to the holders of its units of beneficial interest of $0.720840 per unit, payable on November 29, 2023, to unit holders of record on November 15, 2023.

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Source: SEC EDGAR

accession 0001193125-23-270222

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