Sabine Royalty Trust sets $0.360390 November payout

Approximately $440,000 in revenue was received after October's close and before the distribution announcement.

Available on EDGAR 11/06/2026 - 10:18 AM EST Accepted by SEC EDGAR 11/06/2026 - 10:18 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Sabine Royalty Trust announced that its trustee, Argent Trust Company, declared a $0.360390 per-unit cash distribution, payable November 30, 2026, to unitholders of record November 16, 2026. The distribution reflects primarily oil production for August 2026 and gas production for July 2026.

Preliminary volumes were 49,139 barrels of oil and 1,030,611 Mcf of gas, at preliminary prices of $82.57 per barrel and $2.59 per Mcf. Compared with prior-month figures of 45,391 barrels, 1,019,756 Mcf, $80.56 per barrel and $2.34 per Mcf, the trust said the distribution was higher primarily because production and prices increased. Approximately $1,916,000 of revenue received due to October month-end timing will be posted in November, in addition to normal November receipts.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Cash distribution per unit: $0.360390 per unit Oil production volume: 49,139 barrels Gas production volume: 1,030,611 Mcf +4 more

7 metrics

Cash distribution per unit $0.360390 per unit November 2026 distribution

Oil production volume 49,139 barrels Preliminary; August 2026 production

Gas production volume 1,030,611 Mcf Preliminary; July 2026 production

Oil price $82.57 per barrel Preliminary price

Gas price $2.59 per Mcf Preliminary price

Revenue to be posted Approximately $1,916,000 Revenue received due to October month-end timing, to be posted in November

Revenue received Approximately $440,000 Received after October's close of business and before the distribution announcement

Key Terms

Net to Trust Sales, royalty income, Mcf

3 terms

Net to Trust Sales financial

"Net to Trust Sales | Volumes"

royalty income financial

"the related royalty income"

Royalty income is money a company or individual receives for allowing others to use its intellectual property, natural resources, or patented processes — like collecting rent when you let someone use your idea, song, mineral rights, or technology. It matters to investors because royalties can provide steady, often high-margin cash flow with low ongoing costs, making a business more predictable and easier to value; think of it as a durable revenue stream that keeps paying as long as the asset is in demand.

Mcf technical

"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.

FAQ

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

How much is SBR's November 2026 distribution?

Argent Trust Company, as trustee of Sabine Royalty Trust, declared a $0.360390 per-unit cash distribution, payable November 30, 2026, to unitholders of record November 16, 2026.

What production and prices are reflected in SBR's November 2026 distribution?

The distribution reflects primarily August 2026 oil production and July 2026 gas production. Preliminary volumes were 49,139 barrels of oil and 1,030,611 Mcf of gas; preliminary prices were $82.57 per barrel and $2.59 per Mcf, respectively.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 6, 2026

SABINE ROYALTY TRUST

(Exact name of Registrant as Specified in Its Charter)

Texas			001-08424	75-6297143
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
Argent Trust Company 3838 Oak Lawn Ave Suite 1720
Dallas, Texas				75219-4518
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: 855 588-7839

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Units of Beneficial Interest		SBR		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On November 6, 2026, the Registrant issued a press release announcing its monthly cash distribution to unitholders of record on November 16, 2026. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

This Report on Form 8-K is being furnished pursuant to Item 2.02, Results of Operations and Financial Condition. The information furnished is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

Item 9.01 Financial Statements and Exhibits.

d.		Exhibits
99.1		Press Release dated November 6, 2026

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		SABINE ROYALTY TRUST
		By: ARGENT TRUST COMPANY, TRUSTEE
Date:	November 6, 2026		By:	/s/ NANCY WILLIS
				Nancy Willis Director of Royalty Trust Services

Exhibit 99.1

Sabine Royalty Trust

News Release

SABINE ROYALTY TRUST ANNOUNCES

MONTHLY CASH DISTRIBUTION FOR NOVEMBER 2026

Dallas, Texas, November 6, 2026 – 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 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 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.

* * *

Contact:	Nancy Willis – Director of Royalty Trust Services
	Argent Trust Company
	Toll Free (855) 588-7839

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 32.4 KB