secwatch.observer — SEC 8-K summary
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Issuer:     SABINE ROYALTY TRUST (SBR)
CIK:        0000710752
Form:       8-K
Filed at:   2024-03-05T23:59:59+00:00
Accession:  0001193125-24-059093
Event type: dividend
Sentiment:  neutral
Materiality: 0.20
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/710752/000119312524059093/0001193125-24-059093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/710752/000119312524059093/d802097d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-059093

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