secwatch.observer — SEC 8-K summary
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Issuer:     SABINE ROYALTY TRUST (SBR)
CIK:        0000710752
Form:       8-K
Filed at:   2024-02-05T23:59:59+00:00
Accession:  0001193125-24-023788
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 $0.419460/unit monthly distribution, down on lower oil production and prices
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/710752/000119312524023788/0001193125-24-023788-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/710752/000119312524023788/d755373d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-023788

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