SABINE ROYALTY TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION FOR DECEMBER 2025
Rhea-AI Summary
Sabine Royalty Trust (NYSE: SBR) declared a $0.196670 cash distribution per unit, payable on December 29, 2025 to holders of record on December 15, 2025. The distribution primarily reflects oil production for September 2025 and gas production for August 2025.
Preliminary volumes were 28,904 barrels of oil and 796,698 Mcf of gas, with preliminary prices of $64.19/bbl for oil and $2.61/Mcf for gas. The distribution declined versus the prior month due mainly to lower oil and gas volumes, partially offset by higher prices and a decrease in Ad Valorem taxes. Approximately $696,000 of revenue will be posted next month, and about $1,012,000 was received since November close.
Reports, SEC filings, and tax booklets are available on the trust website, and printed reports can be requested free of charge.
Positive
- Declared distribution of $0.196670 per unit
- Ad Valorem taxes down by $1,167,000 year-over-year
- Approximately $1,012,000 in revenue received since November close
Negative
- Oil sales volume fell from 65,727 to 28,904 barrels (≈56% decline)
- Gas sales volume fell from 1,135,345 to 796,698 Mcf (≈30% decline)
- Approximately $696,000 of revenue deferred to next month
Key Figures
Market Reality Check
Peers on Argus
SBR slipped 0.29% while peers showed a mixed picture: PBT gained 1.65%, NVGS rose 0.84%, TK edged up 0.10%, and FLNG/LPG were modestly negative. Moves appear more SBR-specific than sector-driven.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 07 | Monthly distribution | Negative | +3.0% | Lower distribution driven by weaker commodity prices and higher Ad Valorem taxes. |
| Oct 03 | Monthly distribution | Negative | -3.5% | Lower payout tied to reduced oil production and softer oil prices. |
| Sep 05 | Monthly distribution | Negative | -2.5% | Distribution decline on lower production volumes and weaker oil and gas pricing. |
| Aug 05 | Monthly distribution | Positive | +3.0% | Higher payout supported by increased oil and gas volumes and better oil pricing. |
| Jul 03 | Monthly distribution | Negative | -1.1% | Distribution decrease linked to lower hydrocarbon volumes and reduced oil prices. |
Monthly distribution headlines often drive modest moves that generally align with whether payouts and underlying production/pricing trends improve or weaken, with one recent divergence on a weaker distribution.
Over the last five months, Sabine Royalty Trust has issued regular monthly distribution updates, with per‑unit payouts ranging from $0.345930 to $0.744730. These releases consistently link payouts to underlying oil and gas volumes, realized prices, and Ad Valorem tax deductions. Several months highlighted declining distributions tied to lower production or pricing, while August’s higher $0.744730 payout was supported by stronger volumes and pricing. Market reactions have been modest but directionally sensitive to the quality of each update, providing context for today’s lower $0.196670 distribution tied to reduced production.
Market Pulse Summary
This announcement details Sabine’s December 2025 distribution of $0.196670 per unit, reflecting lower oil and gas production volumes but somewhat better realized prices and smaller Ad Valorem tax deductions. Timing of royalty receipts also shifts about $696,000 of revenue into the next month, with about $1,012,000 already received since November’s close. In the context of prior monthly updates, investors may track production trends, realized pricing, tax levels, and revenue timing to gauge how sustainable future distributions may be.
Key Terms
form 10-k regulatory
AI-generated analysis. Not financial advice.
This distribution reflects primarily the oil production for September 2025 and the gas production for August 2025, which is considered current production. Preliminary production volumes are approximately 28,904 barrels of oil and 796,698 Mcf of gas. Preliminary prices are approximately
This month's distribution is lower than the previous month's primarily due to a decrease in oil and natural gas production. These decreases were partially offset by higher oil and natural gas prices, along with a decrease in Ad Valorem taxes.
The table below compares this month's production and prices to the previous month's:
Net to Trust Sales | Average Price (a) | |||||||||
Oil (bbls) | Gas (Mcf) | Oil | Gas | |||||||
Current Month | 28,904 | 796,698 | ||||||||
Prior Month | 65,727 | 1,135,345 | ||||||||
(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 November, approximately
Approximately
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.
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SOURCE Sabine Royalty Trust
FAQ
What cash distribution did Sabine Royalty Trust (SBR) declare for December 2025?
What are the SBR record and payment dates for the December 2025 distribution?
Why is the SBR December 2025 distribution lower than the prior month?
What were Sabine's preliminary production volumes and prices used for December 2025 distribution?
How did Ad Valorem taxes affect the December 2025 SBR distribution?
Where can SBR investors find the 2024 annual report, Form 10-K, and tax booklets?
Will any Sabine revenue be posted after December 2025 distributions?
