SABINE ROYALTY TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION FOR JANUARY 2026

Rhea-AI Summary

Sabine Royalty Trust (NYSE: SBR) declared a cash distribution of $0.321550 per unit, payable January 29, 2026, to holders of record on January 15, 2026. The distribution primarily reflects October 2025 oil and September 2025 gas production.

Preliminary net-to-trust volumes: 56,504 barrels of oil and 1,314,850 Mcf of gas. Preliminary prices: $61.05/boe oil and $2.31/Mcf gas. Ad Valorem taxes of $804,000 were deducted from this month's distribution.

Positive

• Distribution of $0.321550 per unit payable Jan 29, 2026
• Oil volumes increased +95% month-over-month (56,504 vs 28,904 bbl)
• Gas volumes increased +65% month-over-month (1,314,850 vs 796,698 Mcf)

Negative

• Ad Valorem taxes deducted $804,000 versus $259,000 last year
• Approximately $507,000 of revenue will be posted in the following month due to timing

News Market Reaction

-2.96%

1 alert

-2.96% News Effect

On the day this news was published, SBR declined 2.96%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

January 2026 distribution: $0.321550 per unit Oil production: 56,504 barrels Gas production: 1,314,850 Mcf +5 more

8 metrics

January 2026 distribution $0.321550 per unit Payable January 29, 2026; record date January 15, 2026

Oil production 56,504 barrels Current month production reflected in this distribution

Gas production 1,314,850 Mcf Current month production reflected in this distribution

Oil price $61.05 per barrel Preliminary realized price for current month

Gas price $2.31 per Mcf Preliminary realized price for current month

Prior month oil volume 28,904 barrels Compared with current 56,504 barrels

Ad Valorem taxes 2025 $804,000 Deducted from this month’s distribution; vs $259,000 last year

Revenue to be posted $507,000 December revenue to be posted in following month

Market Reality Check

Price: $70.05 Vol: Volume 35,381 is about in...

normal vol

$70.05 Last Close

Volume Volume 35,381 is about in line with recent activity at 0.79x the 20-day average of 44,949. normal

Technical Price 70.20 is trading slightly above the 200-day MA at 69.83, indicating a modest upward bias before this announcement.

Peers on Argus

Peers show mixed moves: PBT +3.78%, NVGS +1.17%, LPG +0.61%, while FLNG -1.00% a...

Peers show mixed moves: PBT +3.78%, NVGS +1.17%, LPG +0.61%, while FLNG -1.00% and TK -1.89%, suggesting today’s SBR move is more stock-specific than sector-driven.

Historical Context

5 past events · Latest: Dec 05 (Negative)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 05	Monthly distribution	Negative	-8.9%	Lower oil and gas volumes reduced December distribution versus prior month.
Nov 07	Monthly distribution	Negative	+3.0%	Lower commodity prices and higher Ad Valorem taxes cut November payout.
Oct 03	Monthly distribution	Negative	-3.5%	Drop in oil production and lower oil prices reduced October distribution.
Sep 05	Monthly distribution	Negative	-2.5%	Lower production volumes and prices decreased September 2025 cash payout.
Aug 05	Monthly distribution	Positive	+3.0%	Higher oil and gas production and improved oil pricing lifted distribution.

Pattern Detected

Distribution changes often align with price moves: four of the last five monthly distribution announcements saw unit price reactions that matched the news tone, with one notable divergence on a lower distribution that coincided with a price gain.

Recent Company History

Over the last five monthly updates, Sabine Royalty Trust’s distributions have fluctuated alongside changing oil and gas volumes, realized prices, and Ad Valorem taxes. Per‑unit payouts ranged from $0.196670 to $0.744730, with several months citing lower distributions due to weaker production or pricing and higher tax deductions. Price reactions generally aligned with whether distributions rose or fell. Today’s January 2026 announcement of a higher $0.321550 distribution fits this ongoing pattern of commodity- and tax-driven variability in cash returns.

Market Pulse Summary

This announcement details a higher January 2026 cash distribution of $0.321550 per unit, supported b...

Analysis

This announcement details a higher January 2026 cash distribution of $0.321550 per unit, supported by increased oil and gas production but partially offset by lower realized prices and higher Ad Valorem taxes of $804,000. Recent history shows payouts shifting month to month with volumes, pricing, and tax timing. Investors may watch future distributions, production volumes, realized commodity prices, and tax deductions to gauge sustainability of current cash levels.

Key Terms

units of beneficial interest, royalty income, ad valorem taxes, mcf

4 terms

units of beneficial interest financial

"declared a cash distribution to the holders of its units of beneficial interest"

Units of beneficial interest are pieces of ownership in a trust, fund, or pooled investment that give the holder a right to a share of the assets and income without holding the underlying property directly. Think of them as slices of a pie that entitle you to future slices of profit or distributions; investors care because these units determine how returns, risks, voting rights, and tax treatment are allocated and how easily you can buy or sell your stake.

royalty income financial

"Sales volumes are recorded in the month the Trust receives and identifies the related royalty income."

Royalty income is money a company or individual receives for allowing others to use its intellectual property, natural resources, or patented processes — like collecting rent when you let someone use your idea, song, mineral rights, or technology. It matters to investors because royalties can provide steady, often high-margin cash flow with low ongoing costs, making a business more predictable and easier to value; think of it as a durable revenue stream that keeps paying as long as the asset is in demand.

ad valorem taxes financial

"Approximately $804,000 for 2025 Ad Valorem taxes were deducted from this month's distribution"

Ad valorem taxes are charges calculated as a percentage of an item's or property's assessed value, for example a tax on a home's market price or on the value of imported goods. Investors care because these taxes increase the cost of owning assets or selling products and can reduce returns and cash flow; think of them as a toll that grows when the underlying value rises, affecting valuations and planning.

mcf technical

"1,314,850 Mcf of gas. Preliminary prices are approximately $61.05 per barrel of oil and $2.31 per Mcf of gas."

Mcf stands for thousand cubic feet and is a standard unit used to measure natural gas volume. For investors, Mcf translates physical gas production or consumption into a metric that directly affects revenue and valuation—think of it as counting liters of fuel your car used, where higher Mcf usually means more product to sell or higher costs to buy, and changes can signal shifts in supply, demand, or profitability.

AI-generated analysis. Not financial advice.

DALLAS, Jan. 5, 2026 /PRNewswire/ -- Argent Trust Company, as Trustee of the Sabine Royalty Trust (NYSE: SBR), today declared a cash distribution to the holders of its units of beneficial interest of $0.321550 per unit, payable on January 29, 2026, to unit holders of record on January 15, 2026. Sabine's cash distribution history, current and prior year financial reports and tax information booklets, a link to filings made with the Securities and Exchange Commission and more can be found on its website at http://www.sbr-sabine.com/. Additionally, printed reports can be requested and are mailed free of charge.

This distribution reflects primarily the oil production for October 2025 and the gas production for September 2025, which is considered current production. Preliminary production volumes are approximately 56,504 barrels of oil and 1,314,850 Mcf of gas. Preliminary prices are approximately $61.05 per barrel of oil and $2.31 per Mcf of gas.

This month's distribution is higher than the previous month's primarily due to an increase in oil and natural gas production. These increases were partially offset by lower oil and natural gas prices, along with an increase in Ad Valorem taxes.

The table below compares this month's production and prices to the previous month's:

		Net to Trust Sales
		Volumes (a)						Average Price (a)
		Oil (bbls)			Gas (Mcf)			Oil (per bbl)		Gas (per Mcf)
Current Month		56,504			1,314,850			$61.05		$2.31
Prior Month		28,904			796,698			$64.19		$2.61

(a) Sales volumes are recorded in the month the Trust receives and identifies the related royalty income. Because of this, sales volumes and pricing may fluctuate from month to month based on the timing of cash receipts.

Revenues are only distributed after they are received, verified, and posted. Most energy companies normally issue payment of royalties on or about the 25^th of every month, and depending on mail delivery, a varying amount of royalties are not received until after the revenue posting on the last business day of the month. The revenues received after that date will be posted within 30 days of receipt.

Due to the timing of the end of the month of December, approximately $507,000 of revenue received will be posted in the following month of January in addition to normal cash receipts received during January. Since the close of business in December and prior to this press release, approximately $728,000 in revenue has been received.

Approximately $804,000 for 2025 Ad Valorem taxes were deducted from this month's distribution as compared to $259,000 this time last year. Ad Valorem tax payments are normal expenditures at this time of year.

The 2024 Annual Report with Form 10-K and the December 31, 2024, Reserve Summary are available on the Sabine website at http://www.sbr-sabine.com/. 

Forward-looking Statements

Any statements in this press release about future events or conditions, and other statements containing the words "estimates," "believes," "anticipates," "plans," "expects," "will," "may," "intends" and similar expressions, other than historical facts, constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Factors or risks that could cause the Trust's actual results to differ materially from the results the Trustee anticipates include, but are not limited to the factors described in Part I, Item 1A, "Risk Factors" of the Trust's Annual Report on Form 10-K for the year ended December 31, 2024, and Part II, Item 1A, "Risk Factors" of subsequently filed Quarterly Reports on Form 10-Q.

Actual results may differ materially from those indicated by such forward-looking statements. In addition, the forward-looking statements included in this press release represent the Trustee's views as of the date hereof. The Trustee anticipates that subsequent events and developments may cause its views to change. However, while the Trustee may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Trustee's views as of any date subsequent to the date hereof.

View original content:https://www.prnewswire.com/news-releases/sabine-royalty-trust-announces-monthly-cash-distribution-for-january-2026-302651942.html

SOURCE Sabine Royalty Trust

FAQ

What is the Sabine Royalty Trust (SBR) cash distribution amount for January 2026?

Sabine declared a cash distribution of $0.321550 per unit payable Jan 29, 2026 to holders of record on Jan 15, 2026.

What production months and volumes underlie the SBR January 2026 distribution?

The distribution primarily reflects October 2025 oil (56,504 barrels net to trust) and September 2025 gas (1,314,850 Mcf net to trust).

How did SBR's oil and gas production change versus the prior month?

Net oil volumes rose to 56,504 bbl from 28,904 bbl (+95%) and gas to 1,314,850 Mcf from 796,698 Mcf (+65%).

What prices were used for SBR's preliminary January 2026 distribution calculation?

Preliminary prices were about $61.05 per barrel of oil and $2.31 per Mcf of gas.

Why was this month's SBR distribution different from the prior month?

The distribution was higher mainly due to increased oil and gas production, partially offset by lower commodity prices and higher Ad Valorem taxes.

Where can SBR unitholders find financial reports and tax information for 2025?

Financial reports, distribution history, and tax booklets are available on Sabine's website at http://www.sbr-sabine.com/, with printed reports mailed free on request.