SABINE ROYALTY TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION FOR SEPTEMBER 2026
Sabine Royalty Trust’s September 2026 cash distribution falls month over month amid lower production and oil prices, with some revenue timing shifts.
Rhea-AI Summary
Sabine Royalty Trust (SBR) declared a monthly cash distribution of $0.331680 per unit, payable on September 29, 2026 to holders of record on September 15, 2026.
The distribution reflects primarily June 2026 oil and May 2026 gas production, with preliminary volumes of 39,647 barrels of oil and 1,094,091 Mcf of gas at average prices of $79.10 per barrel and $2.33 per Mcf. Oil volumes, gas volumes and oil prices all declined versus the prior month, while gas prices increased slightly. The company states that this month’s payout is lower than the previous month’s mainly due to reduced production and lower oil pricing. About $199,000 of August revenue will be posted in the following month, and approximately $1,141,000 in revenue has been received since the close of August.
Positive
- $0.331680 per unit cash distribution declared for September 2026
- Preliminary gas price increased to $2.33 per Mcf from $2.21
- Approximately $199,000 of August revenue deferred to next month’s posting
- Roughly $1,141,000 in revenue received since August close supports future distributions
Negative
- Current oil volume fell to 39,647 bbls from 72,119 bbls month over month
- Gas volume declined to 1,094,091 Mcf from 1,408,574 Mcf
- Average oil price decreased to $79.10 per barrel from $98.43
- Company reports this month’s cash distribution is lower than the prior month
AI-generated analysis. How Rhea-AI works. Not financial advice.
This distribution reflects primarily the oil production for June 2026 and the gas production for May 2026, which is considered current production. Preliminary production volumes are approximately 39,647 barrels of oil and 1,094,091 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 along with lower oil pricing, slightly offset by higher 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 | 39,647 | 1,094,091 | ||||||||
Prior Month | 72,119 | 1,408,574 | ||||||||
(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 August, 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.
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SOURCE Sabine Royalty Trust