{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-271338","form_type":"8-K","ticker":"SBR","cik":"0000710752","company_name":"SABINE ROYALTY TRUST","filed_at":"2025-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.958028+00:00","generated_at":"2026-05-16T23:13:56.371645+00:00","sec_items":["2.02","9.01"],"event_type":"dividend","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Sabine Royalty Trust Nov distribution $0.356720/unit; lower oil/gas pricing, higher ad valorem taxes","bullets":["Cash distribution $0.356720 per unit, payable Nov 28, 2025, record Nov 17, 2025.","Preliminary volumes: 65,727 bbl oil, 1,135,345 Mcf gas; oil $63.80/bbl, gas $2.55/Mcf.","Distribution lower due to decreased oil/gas prices and $942k ad valorem tax deduction (vs $167k last year).","Oil production up from 48,527 bbl prior month; gas production up from 1,111,528 Mcf."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-271338","json":"https://secwatch.observer/filing/0001193125-25-271338.json","markdown":"https://secwatch.observer/filing/0001193125-25-271338.md","text":"https://secwatch.observer/filing/0001193125-25-271338.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/710752/000119312525271338/0001193125-25-271338-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/710752/000119312525271338/2025-11_sabine_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T23:13:56.371645+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}