Sabine Royalty Trust declares $0.41145/unit March distribution, down from prior month on lower oil volumes

SABINE ROYALTY TRUST

Distribution of $0.41145 per unit payable March 28, 2024; record date March 15, 2024.
Oil volumes 48,104 bbls vs 56,969 bbls in prior month (−15.6%); gas volumes 1,046,545 Mcf vs 1,346,113 Mcf (−22.3%).
Average oil price $89.38/bbl (up 16.8% MoM); gas price $2.45/Mcf (up 7.5% MoM).
Approximately $488,700 of late February revenue to be posted in March; $5,600 received since month-end.
2024 Ad Valorem taxes of ~$2,800 deducted from this distribution.

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