secwatch.observer — SEC 8-K summary
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Issuer:     SABINE ROYALTY TRUST (SBR)
CIK:        0000710752
Form:       8-K
Filed at:   2024-01-05T23:59:59+00:00
Accession:  0001193125-24-003176
Event type: dividend
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sabine Royalty Trust declares Jan 2024 distribution of $0.43716/unit, down from prior month
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- Cash distribution of $0.43716/unit payable Jan 30 to holders of record Jan 16, 2024.
- Preliminary volumes: 58,697 bbls oil (-69% vs prior month) and 1,015,516 Mcf gas (-26% vs prior month).
- Average prices: $86.27/bbl oil (up 5.6%) and $2.30/Mcf gas (down 11.5%) vs prior month.
- Distribution decrease driven by lower oil and gas production and lower natural gas prices, partly offset by higher oil prices.
- Ad valorem tax deduction of $223K vs $744K in same period last year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/710752/000119312524003176/0001193125-24-003176-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/710752/000119312524003176/d298416d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-003176

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer