Sabine Royalty Trust declares $0.419460/unit monthly distribution, down on lower oil production and prices

SABINE ROYALTY TRUST

Distribution of $0.419460 per unit payable Feb 29, 2024 to holders of record Feb 15, 2024.
Preliminary volumes: 56,969 bbl oil (down 3% MoM) and 1,346,113 Mcf gas (up 33% MoM).
Preliminary prices: $76.54/bbl oil (down 11% MoM) and $2.28/Mcf gas (down 1% MoM).
Ad valorem tax deduction of ~$384k vs. $193k in same month last year.
Distribution lower than prior month primarily due to lower oil production and weaker oil/gas prices.

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