SABINE ROYALTY TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION FOR MAY 2026
Rhea-AI Summary
Sabine Royalty Trust (NYSE: SBR) declared a $0.497900 cash distribution per unit, payable May 29, 2026, to holders of record May 15, 2026. Distribution reflects primarily February 2026 oil and January 2026 gas production. Preliminary net volumes: 56,677 bbl oil and 1,220,056 Mcf gas.
The distribution rose versus the prior month, driven by higher oil and gas production and slightly higher oil and gas prices. Timing notes: approximately $1.338M of revenue will post next month and $879K was received since month-end.
Positive
- Distribution of $0.497900 per unit payable May 29, 2026
- Oil production increased to 56,677 bbls (prior 44,645 bbls, +27%)
- Gas production increased to 1,220,056 Mcf (prior 885,409 Mcf, +38%)
Negative
- Revenue timing: approximately $1,338,000 will be posted in the following month
- Preliminary production and price figures are subject to verification and final posting
News Market Reaction – SBR
In the May 5 session, SBR declined 0.60%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 02 | Monthly distribution | Positive | +1.9% | April 2026 cash distribution increased on higher realized oil and gas prices. |
| Mar 06 | Monthly distribution | Positive | +0.2% | March 2026 distribution rose on higher oil volumes and stronger gas pricing. |
| Feb 06 | Monthly distribution | Negative | -0.1% | February 2026 payout declined as both production volumes and prices fell. |
| Jan 05 | Monthly distribution | Neutral | -3.0% | January 2026 distribution with sizable Ad Valorem taxes reduced net payout. |
| Dec 05 | Monthly distribution | Negative | -8.9% | December 2025 payout fell mainly on lower oil and gas volumes. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Monthly distribution announcements have produced mixed reactions, with both positive and negative one-day moves, suggesting payouts are an important but not sole driver of trading.
Over the last several months, Sabine Royalty Trust has regularly announced monthly cash distributions tied to specific oil and gas production periods. Recent payouts ranged from under $0.20 to above $0.32 per unit, with volumes and realized prices fluctuating by month. Price reactions have varied, including declines of up to -8.87% and modest gains. Today’s May 2026 announcement continues this pattern, with a higher per-unit distribution supported by increased oil and gas volumes and stronger realized pricing versus April’s figures.
Key Terms
units of beneficial interest financial
mcf technical
royalty income financial
form 10-k regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
This distribution reflects primarily the oil production for February 2026 and the gas production for January 2026, which is considered current production. Preliminary production volumes are approximately 56,677 barrels of oil and 1,220,056 Mcf of gas. Preliminary prices are approximately
This month's distribution is higher than the previous month's primarily due to an increase in oil and natural gas pricing, as well as an increase in oil and natural gas production.
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 | 56,677 | 1,220,056 | ||||||||
Prior Month | 44,645 | 885,409 | ||||||||
(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 25th 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 April, approximately
The 2025 Annual Report with Form 10-K and the December 31, 2025, 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-may-2026-302762104.html
SOURCE Sabine Royalty Trust