SABINE ROYALTY TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION FOR NOVEMBER 2026

Higher production and prices supported the increased payout, while month-end timing shifted some revenue posting into November.

Rhea-AI Summary

Sabine Royalty Trust (NYSE: SBR) declared a $0.360390-per-unit cash distribution payable November 30, 2026, to holders of its beneficial interests. The record date is November 16, 2026. The trust attributes the higher monthly distribution primarily to increased oil and gas production and higher prices.

The distribution primarily reflects August 2026 oil production and July 2026 gas production. Preliminary volumes are approximately 49,139 barrels of oil and 1,030,611 Mcf of gas (thousand cubic feet), with preliminary prices of approximately $82.57 per barrel and $2.59 per Mcf. Approximately $1,916,000 of revenue received will be posted in November rather than October because of month-end timing.

5 points · 0 major

PositiveiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 1 point

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate point$0.360390-per-unit distribution is higher than the previous month's, payable November 30, 2026.
• Minor pointPreliminary oil volume rose to approximately 49,139 barrels from 45,391 the prior month.
• Minor pointPreliminary gas volume rose to approximately 1,030,611 Mcf from 1,019,756 the prior month.
• Minor pointPreliminary oil price increased to approximately $82.57 per barrel from $80.56 the prior month.
• Minor pointPreliminary gas price increased to approximately $2.59 per Mcf from $2.34 the prior month.

Negative

• Minor point. Forward-looking: it has not happened yet and may not happen.Approximately $1,916,000 of received revenue will be posted in November rather than October due to month-end timing.

Key Figures

Cash distribution: $0.360390 per unit Record date: November 16, 2026 Payment date: November 30, 2026 +5 more

Cash distribution

$0.360390 per unit

November 2026; higher than the previous month's

Record date

November 16, 2026

Unit holders of record

Payment date

November 30, 2026

Declared distribution

Oil production

49,139 barrels

Preliminary; August 2026 production

Gas production

1,030,611 Mcf

Preliminary; July 2026 production

Oil price

$82.57 per barrel

Preliminary average price

Gas price

$2.59 per Mcf

Preliminary average price

Revenue to be posted

Approximately $1,916,000

Received in October; to be posted in November

Historical Context

1 past event · Latest: Oct 05

1 event

1. Oct 05

   Cash distribution

   24h Move

   +1.4%

   Declared $0.355450 per unit, based primarily on July oil and June gas production.

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

Key Terms

mcf

1 terms

mcf technical

"Preliminary production volumes are approximately 49,139 barrels of oil and 1,030,611 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. How Rhea-AI works. Not financial advice.

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DALLAS, Nov. 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 $0.360390 per unit, payable on November 30, 2026, to unit holders of record on November 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 August 2026 and the gas production for July 2026, which is considered current production. Preliminary production volumes are approximately 49,139 barrels of oil and 1,030,611 Mcf of gas. Preliminary prices are approximately $82.57 per barrel of oil and $2.59 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, along with higher oil and 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		49,139			1,030,611			$82.57		$2.59
Prior Month		45,391			1,019,756			$80.56		$2.34
(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 October, approximately $1,916,000 of revenue received will be posted in the following month of November in addition to normal cash receipts received during November. Since the close of business in October and prior to this press release, approximately $440,000 in revenue has been received.

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-november-2026-302930618.html

SOURCE Sabine Royalty Trust

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much is Sabine Royalty Trust's November 2026 distribution and when is it paid?

The distribution is $0.360390 per unit, payable November 30, 2026, to unit holders of record on November 16, 2026.

How does revenue receipt timing affect Sabine Royalty Trust's monthly distributions?

Revenue is distributed only after it is received, verified and posted. Royalties received after the last-business-day posting are posted within 30 days of receipt. Sales volumes are recorded when related royalty income is received and identified, so reported volumes and pricing may fluctuate with cash-receipt timing.

How much revenue did Sabine Royalty Trust receive after October closed?

Approximately $440,000 in revenue was received after the close of business in October and before the November distribution announcement.