SABINE ROYALTY TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION FOR MARCH 2026

Rhea-AI Summary

Sabine Royalty Trust (NYSE: SBR) declared a monthly cash distribution of $0.286230 per unit, payable March 30, 2026, to holders of record on March 16, 2026.

The distribution primarily reflects December 2025 oil production and November 2025 gas production. Preliminary volumes: 49,137 barrels of oil and 931,107 Mcf of gas; preliminary prices: $54.40 per barrel and $2.73 per Mcf. The distribution rose versus prior month due to higher oil production and stronger natural gas pricing, partly offset by lower gas volumes and lower oil price versus the prior month.

Positive

• Distribution declared of $0.286230 per unit
• Payable March 30, 2026 to record holders March 16, 2026
• Preliminary oil volume of 49,137 barrels reported
• Natural gas price increased to $2.73 per Mcf

Negative

• Preliminary gas volume declined to 931,107 Mcf
• Oil price fell to $54.40 per barrel from $59.01 prior month
• Approximately $88,300 of revenue deferred to next month

News Market Reaction – SBR

+0.23%

+0.23% Session close to close

In the Mar 6 session, SBR gained 0.23%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details a March 2026 cash distribution of $0.286230 per unit, tied mainly to Decem...

Analysis

This announcement details a March 2026 cash distribution of $0.286230 per unit, tied mainly to December 2025 oil and November 2025 gas production, with preliminary volumes of 49,137 barrels of oil and 931,107 Mcf of gas. It also highlights timing-related revenue of $88,300 to be posted next month and about $526,000 received since February close. Investors following SBR’s pattern may watch future distribution levels, production volumes, realized prices, and the impact of timing adjustments on monthly reported revenues.

Key Figures

March 2026 distribution: $0.286230 per unit Oil volume: 49,137 barrels Gas volume: 931,107 Mcf +5 more

8 metrics

March 2026 distribution $0.286230 per unit Declared cash distribution payable March 30, 2026

Oil volume 49,137 barrels Preliminary net-to-trust oil production, current month

Gas volume 931,107 Mcf Preliminary net-to-trust gas production, current month

Oil price $54.40 per bbl Preliminary average oil price, current month

Gas price $2.73 per Mcf Preliminary average gas price, current month

Deferred revenue $88,300 Revenue from February to be posted in following month of March

Revenue since February close $526,000 Revenue received since close of February before this press release

Prior month gas volume 1,026,714 Mcf Preliminary net-to-trust gas production, prior month

Historical Context

5 past events · Latest: Feb 06 (Negative)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Feb 06	Monthly distribution	Negative	-0.1%	Lower November oil and October gas volumes and prices reduced payout.
Jan 05	Monthly distribution	Neutral	-3.0%	October oil and September gas production with notable Ad Valorem tax deduction.
Dec 05	Monthly distribution	Negative	-8.9%	Lower oil and gas volumes drove a smaller payout despite better pricing.
Nov 07	Monthly distribution	Negative	+3.0%	Distribution lowered by weaker commodity prices and higher Ad Valorem taxes.
Oct 03	Monthly distribution	Negative	-3.5%	Drop in oil production and prices reduced payout despite firmer gas pricing.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Monthly distribution headlines often see modest price reactions, usually aligning with whether payouts and underlying production/prices are improving or weakening, though there has been at least one clear divergence.

Recent Company History

Over the last five monthly distribution announcements from Oct 2025 to Feb 2026, Sabine Royalty Trust has reported fluctuating per‑unit payouts driven by changing oil and gas volumes, commodity prices, taxes, and timing items. Negative updates, such as lower distributions tied to weaker production or pricing, generally coincided with unit price declines, while one November 2025 announcement showing reduced payouts but strong prior context saw a positive reaction. Today’s March 2026 release, with a slightly higher $0.286230 distribution versus February’s $0.283370, comes against that backdrop of sensitivity to monthly fundamentals.

Key Terms

units of beneficial interest, royalty income, Mcf, Form 10-K, +1 more

5 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.

Mcf technical

"Preliminary production volumes are approximately 49,137 barrels of oil and 931,107 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.

Form 10-K regulatory

"The 2024 Annual Report with Form 10-K and the December 31, 2024, Reserve Summary"

A Form 10-K is a comprehensive report that publicly traded companies are required to file annually with regulators. It provides a detailed overview of a company's financial health, operations, and risks, similar to a detailed health report. Investors use this information to assess the company's performance and make informed decisions about buying or selling its stock.

Reserve Summary regulatory

"The 2024 Annual Report with Form 10-K and the December 31, 2024, Reserve Summary are available"

A reserve summary is a concise report listing estimated quantities and classifications of a company’s held natural resources or other set‑aside assets (for example oil, gas, minerals or financial reserves), along with the level of confidence in those estimates and the main assumptions used. Investors treat it like an inventory snapshot that helps judge future production potential, likely revenues and the risks tied to those assets, which can influence a company’s valuation and financing choices.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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DALLAS, March 6, 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 $0.286230 per unit, payable on March 30, 2026, to unit holders of record on March 16, 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 December 2025 and the gas production for November 2025, which is considered current production. Preliminary production volumes are approximately 49,137 barrels of oil and 931,107 Mcf of gas. Preliminary prices are approximately $54.40 per barrel of oil and $2.73 per Mcf of gas.

This month's distribution is higher than the previous month's primarily due to an increase in oil production and natural gas pricing, slightly offset by a decrease in natural gas production and lower oil pricing.

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		49,137			931,107			$54.40		$2.73
Prior Month		45,316			1,026,714			$59.01		$2.27

^{(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 February, approximately $88,300 of revenue received will be posted in the following month of March in addition to normal cash receipts received during March. Since the close of business in February and prior to this press release, approximately $526,000 in revenue has been received.

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, 2025, 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-march-2026-302705576.html

SOURCE Sabine Royalty Trust

FAQ

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

The distribution is $0.286230 per unit, payable March 30, 2026. According to the company, this reflects royalties from December 2025 oil and November 2025 gas production, with preliminary volumes and prices published for investor review.

What are the record and payment dates for SBR's March 2026 distribution?

The record date is March 16, 2026 and the payment date is March 30, 2026. According to the company, holders of record on March 16 will receive the declared cash distribution on the March 30 payment date.

Why is SBR's March 2026 distribution higher than the prior month for SBR?

It is higher mainly due to increased oil production and stronger natural gas pricing. According to the company, those positives were slightly offset by lower natural gas volumes and a decline in oil price versus the prior month.

What preliminary production volumes and prices did SBR report for the March 2026 distribution?

Preliminary volumes: 49,137 barrels of oil and 931,107 Mcf of gas; prices: $54.40 per barrel and $2.73 per Mcf. According to the company, volumes and prices are preliminary and recorded when royalty income is received.

Did Sabine report any timing differences or deferred revenue affecting the March 2026 distribution?

Yes. Approximately $88,300 of revenue from timing of month-end receipts will be posted next month. According to the company, an additional ~$526,000 was received since February close and included in current postings where applicable.