Sabine Royalty Trust (NYSE: SBR) sets lower February cash payout at $0.28337

Rhea-AI Filing Summary

Sabine Royalty Trust announced a February 2026 cash distribution of $0.283370 per unit, payable on February 27, 2026 to unitholders of record on February 17, 2026. The payout is based mainly on oil production for November 2025 and gas production for October 2025.

The distribution is lower than the prior month because both production volumes and commodity prices declined. Oil volumes fell to 45,316 barrels from 56,504, and gas volumes to 1,026,714 Mcf from 1,314,850 Mcf. Average oil prices decreased to $59.01 per barrel from $61.05, and gas prices to $2.27 per Mcf from $2.31.

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, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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): February 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 February 6, 2026, the Registrant issued a press release announcing its monthly cash distribution to unitholders of record on February 17, 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 February 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:	February 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 FEBRUARY 2026

Dallas, Texas, February 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 $0.283370 per unit, payable on February 27, 2026, to unit holders of record on February 17, 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 November 2025 and the gas production for October 2025, which is considered current production. Preliminary production volumes are approximately 45,316 barrels of oil and 1,026,714 Mcf of gas. Preliminary prices are approximately $59.01 per barrel of oil and $2.27 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 lower pricing for oil and natural gas.

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		45,316		1,026,714		$59.01		$2.27
Prior Month		56,504		1,314,850		$61.05		$2.31

(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 January, approximately $166,000 of revenue received will be posted in the following month of February in addition to normal cash receipts received during February. Since the close of business in January and prior to this press release, approximately $476,000 in revenue has been received.

Approximately $17,000 for 2025 Ad Valorem taxes were deducted from this month’s distribution as compared to $115,000 this time last year. Ad Valorem tax payments are normal expenditures at this time of year.

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.

* * *

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

FAQ

What cash distribution did Sabine Royalty Trust (SBR) declare for February 2026?

Sabine Royalty Trust declared a monthly cash distribution of $0.283370 per unit for February 2026. It will be paid on February 27, 2026 to unitholders of record on February 17, 2026, reflecting recent oil and gas production and pricing.

How did February 2026 production volumes for SBR compare to the prior month?

February’s distribution reflects preliminary volumes of 45,316 barrels of oil and 1,026,714 Mcf of gas. These were lower than the prior month’s 56,504 barrels of oil and 1,314,850 Mcf of gas, contributing to the reduced cash distribution.

What oil and gas prices underpin Sabine Royalty Trust’s February 2026 payout?

Preliminary average prices were $59.01 per barrel of oil and $2.27 per Mcf of gas. In the prior month, prices were slightly higher at $61.05 per barrel and $2.31 per Mcf, adding to the month-over-month decline in distributable cash.

Why is Sabine Royalty Trust’s February 2026 distribution lower than the previous month?

The February 2026 distribution is lower primarily because both oil and natural gas production and realized prices decreased. Reduced volumes and slightly weaker prices directly lowered royalty revenues available for distribution to SBR unitholders this month.

How does timing of royalty receipts affect SBR’s monthly distributions?

Sales volumes are recorded when the Trust receives and identifies royalty income, not when production occurs. Because most royalty payments arrive around the 25th and some after month-end posting, revenues can shift between months, causing fluctuations in reported volumes and distributions.

What tax and timing adjustments impacted SBR’s February 2026 distribution?

Approximately $17,000 of 2025 Ad Valorem taxes were deducted from this month’s distribution. Around $166,000 of revenue received after January’s posting will be included next month, and roughly $476,000 in revenue was received after January’s close.