Sabine Royalty Stock Price, News & Analysis

STJ Ventures has reiterated its call for improved management practices at Sabine Royalty Trust (NYSE: SBR), expressing disappointment over the Trustee's inaction on crucial fiduciary matters. STJ, a significant unitholder, believes there is unrealized value within SBR and advocates for enhanced mineral management and disclosure. The company highlights three key areas for improvement: Supervision of Executive Rights Holder, where a third party's control over mineral rights poses risks; Actively Audit and Manage Key Mineral Tracts, to prevent lease violations; and Rectify Inadequate 10K Disclosure, asserting that current filings lack essential information. STJ emphasizes these actions are vital for fulfilling the Trustee's responsibilities and calls for immediate implementation.

On April 6, 2023, Argent Trust Company, Trustee of the Sabine Royalty Trust (NYSE: SBR), declared a cash distribution of $0.699540 per unit for April 2023, payable on April 28, to unit holders of record as of April 17. This distribution reflects production figures of 68,608 barrels of oil and 1,259,109 Mcf of gas. The average prices were $80.65 per barrel of oil and $4.71 per Mcf of gas. Notably, this month's distribution surpasses the previous month due to increased production and higher oil prices. The Trust's estimated net proved reserves as of January 1, 2023, are approximately 5.9 million barrels of oil and 47.4 billion cubic feet of gas, with a future net value of about $657,947,000.

On March 3, 2023, Sabine Royalty Trust (NYSE: SBR) announced a cash distribution of $0.465470 per unit, payable on March 29, 2023, to unit holders on record as of March 15, 2023. This distribution reflects oil production from December 2022 and gas production from November 2022, totaling approximately 41,257 barrels of oil and 978,107 Mcf of gas. The decrease in this month's distribution compared to the previous month is attributed to reduced production and lower pricing, with oil priced at approximately $76.76 per barrel and gas at $4.72 per Mcf. The trust's 2022 tax information packets are also scheduled for mailing this week.

On February 3, 2023, Sabine Royalty Trust (NYSE: SBR) announced a cash distribution of $0.637300 per unit, payable on February 28, 2023. This distribution primarily reflects oil production from November 2022 and gas production from October 2022, with preliminary volumes of 49,802 barrels of oil and 1,121,523 Mcf of gas. The distribution is slightly higher than the previous month, attributed to increased production despite lower oil and gas prices, averaging $84.75 per barrel and $5.53 per Mcf. Tax deductions for 2022 Ad Valorem taxes increased to $193,000 from $60,000 last year.

On January 6, 2023, Argent Trust Company announced a cash distribution of $0.631510 per unit for Sabine Royalty Trust (NYSE: SBR), payable on January 31, 2023. This distribution, based on oil and gas production volumes from late 2022, reflects approximately 39,824 barrels of oil and 903,315 Mcf of gas. While production volumes decreased from the previous month, higher commodity prices partially offset the impact. The report also notes a $744,000 deduction for Ad Valorem taxes, which increased compared to last year.