Welcome to our dedicated page for Sabine Royalty Trust news (Ticker: SBR), a resource for investors and traders seeking the latest updates and insights on Sabine Royalty Trust stock.
Sabine Royalty Trust (SBR) is a well-established express trust, primarily involved in the management and distribution of royalty and mineral interests. Its core business comprises the collection and distribution of revenues derived from oil and gas production primarily located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas. Sabine Royalty Trust owns landowner royalties, overriding royalty interests, and mineral production payments, among other similar non-participatory interests in these prime oil and gas regions.
Founded to manage and maximize the value of the mineral interests previously held by Sabine Corporation, the Trust has consistently provided its unitholders with regular cash distributions. The Trust’s income is primarily derived from oil and gas production revenue, which is distributed monthly after receipt and verification. This revenue stream is impacted by several factors, including production volumes, oil and gas prices, and operating expenses.
In recent months, Sabine has declared various cash distributions reflecting its ongoing oil and gas production. For instance, in November 2023, the Trust announced a distribution of $0.720840 per unit, primarily from August 2023 oil production and July 2023 gas production. This trend continued with higher distributions in December, primarily driven by increased oil and gas production volumes. As of March 2024, the distribution was set at $0.411450 per unit, reflecting production in late 2023.
Sabine Royalty Trust's financial condition remains robust, with regular cash flow and efficient management of its assets. The Trust’s operations are overseen by Argent Trust Company as the trustee, ensuring transparency and accountability in financial reporting. Recent partnerships and the addition of new revenue processors further streamline revenue collection and distribution processes, enhancing overall trust management.
Unitholders and potential investors can access detailed financial reports, tax information booklets, and links to SEC filings on the Trust's recently updated website. The Trust’s commitment to transparency and efficient management continues to make it a reliable investment avenue for those interested in the oil and gas sector.
Sabine Royalty Trust (NYSE: SBR) has declared a cash distribution of $0.311170 per unit for December 2024, payable on December 30, 2024, to unitholders of record on December 16, 2024. The distribution reflects oil production for September 2024 and gas production for August 2024, with preliminary volumes of 68,183 barrels of oil and 1,536,640 Mcf of gas. Average prices were $71.76 per barrel of oil and $1.39 per Mcf of gas.
This month's distribution decreased from the previous month due to lower oil and gas production volumes and decreased pricing. Additionally, approximately $1,526,000 of revenue will be posted in December, and $1,624,000 was deducted for 2024 Ad Valorem taxes.
Sabine Royalty Trust (NYSE: SBR) has declared a cash distribution of $0.514350 per unit for November 2024, payable on November 29 to unitholders of record on November 15. The distribution reflects oil production of 70,299 barrels at $76.90 per barrel and gas production of 1,898,789 Mcf at $1.78 per Mcf. This month's distribution increased from the previous month due to higher production volumes, despite slightly lower oil and gas prices. Approximately $167,000 was deducted for 2024 Ad Valorem taxes, compared to $851,000 last year.
Sabine Royalty Trust (NYSE: SBR) has declared a cash distribution of $0.435840 per unit for October 2024, payable on October 29, 2024, to unit holders of record on October 15, 2024. This distribution primarily reflects oil production for July 2024 and gas production for June 2024. Preliminary production volumes are approximately 64,075 barrels of oil and 1,182,039 Mcf of gas, with prices at about $79.00 per barrel of oil and $1.81 per Mcf of gas.
The distribution is higher than the previous month's due to increased oil and gas pricing, slightly offset by decreased production. Compared to the prior month, oil production decreased from 64,743 barrels to 64,075 barrels, while gas production decreased from 1,359,603 Mcf to 1,182,039 Mcf. However, oil prices increased from $78.14 to $79.00 per barrel, and gas prices rose from $1.52 to $1.81 per Mcf.
Sabine Royalty Trust (NYSE: SBR) has announced a cash distribution of $0.421310 per unit for September 2024, payable on September 30, 2024, to unitholders of record on September 16, 2024. This distribution primarily reflects oil production for June 2024 and gas production for May 2024. Preliminary production volumes are approximately 64,743 barrels of oil and 1,359,603 Mcf of gas, with prices at about $78.14 per barrel of oil and $1.52 per Mcf of gas. The distribution is lower than the previous month's due to a decrease in oil production, partially offset by increased prices for both oil and natural gas and higher natural gas production.
Sabine Royalty Trust (NYSE: SBR) has declared a cash distribution of $0.450890 per unit for August 2024, payable on August 29 to unitholders of record on August 15. This distribution primarily reflects oil production for May 2024 and gas production for April 2024. Preliminary production volumes are approximately 76,461 barrels of oil and 1,346,957 Mcf of gas, with average prices of $77.48 per barrel of oil and $1.20 per Mcf of gas.
The distribution is higher than the previous month's, mainly due to increased oil production, partially offset by decreased prices for both oil and natural gas and reduced natural gas production. Approximately $212,000 of revenue received after July's end will be posted in August, and about $264,000 in revenue has been received since July's close.
Sabine Royalty Trust (NYSE: SBR) announced a monthly cash distribution for July 2024. Unit holders of record as of July 15, 2024, will receive $0.379040 per unit on July 29, 2024. This distribution, reflecting April 2024 oil production and March 2024 gas production, marks a decrease from the previous month due to lower oil output and reduced natural gas prices. Preliminary production volumes are reported at approximately 55,484 barrels of oil and 1,414,577 Mcf of gas, with prices at $82.07 per barrel of oil and $1.29 per Mcf of gas. The reduction in distribution is partially offset by higher oil prices and increased gas production. Further details, including financial reports and tax information, are available on Sabine's updated website.
Sabine Royalty Trust (NYSE: SBR) announced a cash distribution of $0.537640 per unit for June 2024. The distribution will be paid on June 28, 2024, to unit holders of record on June 17, 2024. This distribution primarily reflects oil production for March 2024 and gas production for February 2024, with preliminary production volumes of approximately 75,929 barrels of oil and 1,359,458 Mcf of gas. Current month prices are $81.23 per barrel of oil and $2.13 per Mcf of gas.
The distribution is lower than the previous month due to decreased oil production and lower natural gas prices, partially offset by higher oil prices and increased natural gas production. The current month saw a drop in oil production from 87,730 barrels and a decrease in gas prices from $2.53 per Mcf in the previous month. Notably, approximately $244,000 of revenue will be posted in June due to end-of-month timing, and $890,000 of revenue has been received since the close of May.
Sabine Royalty Trust, a NYSE-listed company, declared a cash distribution of $0.597730 per unit for May 2024. The distribution, payable on May 29, 2024, reflects oil and gas production for February and January 2024, respectively. Despite an increase in oil production, prices fluctuated, impacting this month's distribution. Sabine's website contains detailed financial reports, tax information, SEC filings, and offers printed reports upon request.
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