SABINE ROYALTY TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION FOR OCTOBER 2025

Rhea-AI Summary

Sabine Royalty Trust (NYSE: SBR) declared a $0.368910 per-unit cash distribution payable Oct 29, 2025 to holders of record on Oct 15, 2025. The distribution primarily reflects July 2025 oil and June 2025 gas production.

Preliminary volumes: 48,527 bbl oil and 1,111,528 Mcf gas. Preliminary prices: $65.48/bbl oil and $2.62/Mcf gas. The release states this month's payout is lower versus prior month due mainly to a drop in oil production and lower oil pricing, partially offset by higher gas pricing. Approximately $423,000 of September revenue will post in October; $109,000 was received since month-end.

Positive

• None.

Negative

• Oil volumes down from 97,403 to 48,527 barrels
• Distribution reduced versus prior month due to lower oil production
• Approximately $423,000 of revenue deferred to next month

Insights

Royalty Cashflow Analyst

Monthly distribution declared at $0.368910, lower than prior month due to reduced oil volumes and weaker oil pricing.

What it means: The Trust will pay $0.368910 per unit on October 29, 2025 to holders of record on October 15, 2025. The distribution primarily covers July 2025 oil and June 2025 gas production and follows standard cash‑receipt timing and verification procedures described by the Trustee.

Why it matters: Monthly cash to holders depends directly on volumes and realized prices; here volumes fell from 97,403 to 48,527 bbls and oil price declined from $68.79 to $65.48, which explains the lower payment. The Trustee also notes ~$423,000 of late September receipts will post next month, which can shift future distributions.

Monitorable item: the payable date is October 29, 2025 (record date October 15, 2025).

Production and Commodity Analyst

Production decline drove the month‑over‑month fall in distribution despite slightly higher gas pricing.

What it means: Preliminary volumes show oil fell ~50% month‑over‑month from 97,403 to 48,527 bbls while gas fell modestly from 1,181,086 to 1,111,528 Mcf; oil pricing moved from $68.79 to $65.48 and gas rose from $2.40 to $2.62.

Why it matters: The sharp oil volume decline is the dominant driver of the lower distribution; the modest gas price increase provides only partial offset. The Trustee's disclosure that some receipts post in the following month ($423,000) highlights normal timing variability in monthly distributions and potential volatility in next month's declared amount.

DALLAS, Oct. 3, 2025 /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 $0.368910 per unit, payable on October 29, 2025, to unit holders of record on October 15, 2025. 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 July 2025 and the gas production for June 2025, which is considered current production. Preliminary production volumes are approximately 48,527 barrels of oil and 1,111,528 Mcf of gas. Preliminary prices are approximately $65.48 per barrel of oil and $2.62 per Mcf of gas.

This month's distribution is lower than the previous month's primarily due to a decrease in oil and natural gas production, along with a decrease in oil pricing. This is partially offset by an increase in natural gas 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		48,527			1,111,528			$65.48		$2.62
Prior Month		97,403			1,181,086			$68.79		$2.40

(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 September, approximately $423,000 of revenue received will be posted in the following month of October in addition to normal cash receipts received during October. Since the close of business in September and prior to this press release, approximately $109,000 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, 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-october-2025-302574285.html

SOURCE Sabine Royalty Trust

FAQ

What is Sabine Royalty Trust's Oct 2025 cash distribution per unit (SBR)?

Sabine declared a cash distribution of $0.368910 per unit, payable Oct 29, 2025.

What production and prices underlie SBR's Oct 2025 distribution?

Preliminary volumes: 48,527 bbl oil and 1,111,528 Mcf gas; prices: $65.48/bbl oil and $2.62/Mcf gas.

Why is the SBR distribution lower than last month (Oct 2025 press release)?

The trustee cites a decrease in oil and gas production and lower oil pricing as the primary reasons, partly offset by higher gas pricing.

When must you be a unit holder to receive the SBR Oct 2025 distribution?

Investors on record as of Oct 15, 2025 are eligible; payment is scheduled for Oct 29, 2025.

How much September revenue was deferred in the SBR Oct 2025 release?

About $423,000 of revenue received after month-end will be posted in October; $109,000 was received since close of September.