Sabine Royalty Trust Declares Monthly Cash Distribution for January 2026
Argent Trust Company, acting as the Trustee for the Sabine Royalty Trust (NYSE: SBR), has announced a cash distribution of $0.321550 per unit, which is scheduled to be payable on January 29, 2026. This distribution is for unit holders of record as of January 15, 2026, marking a significant update for investors in SBR.
Distribution Details and Production Figures
This distribution primarily reflects oil production results for October 2025 and gas production results for September 2025. Preliminary production volumes indicate approximately 56,504 barrels of oil and 1,314,850 Mcf of gas for the current month. Average preliminary prices are about $61.05 per barrel of oil and $2.31 per Mcf of gas.
The distribution for January 2026 is notably higher than for the previous month, primarily due to increased oil and natural gas production. However, these improvements were partially offset by declines in oil and gas prices, alongside a rise in Ad Valorem taxes.
Comparative Production and Prices
| Net to Trust Sales | Volumes (a) | Average Price (a) |
|---|---|---|
| Current Month | Oil: 56,504 bbls Gas: 1,314,850 Mcf |
Oil: $61.05 per bbl Gas: $2.31 per Mcf |
| Prior Month | Oil: 28,904 bbls Gas: 796,698 Mcf |
Oil: $64.19 per bbl Gas: $2.61 per Mcf |
(a) Sales volumes are reported based on the month in which the Trust identifies the related royalty income. Therefore, fluctuations in sales volumes and pricing may occur monthly due to timing in cash receipts.
Revenue Insights and Tax Implications
It’s noteworthy that most energy companies process royalty payments around the 25th of each month. Additionally, royalties may not be fully recognized until after month-end revenue postings. This report indicates around $507,000 of revenue received in December will be posted in January, which, combined with normal cash receipts, has resulted in approximately $728,000 in revenue since month-end.
Moreover, $804,000 for 2025 Ad Valorem taxes has been deducted from this month's distribution, which is a marked increase compared to $259,000 from the previous year. This rise in tax payments is typical during this time of year.
Annual Report and Financial Information
Investors can access the 2024 Annual Report and the Form 10-K, including the December 31, 2024, Reserve Summary on the Sabine Royalty Trust website at www.sbr-sabine.com. Additionally, printed reports are available upon request at no cost.
Forward-Looking Statements
Forward-looking statements, such as estimates involving revenues and production, are based on current expectations and are subject to risks and uncertainties. These include factors described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2024. Actual results may differ materially from projected outcomes.
The Trustee emphasizes that while it may update forward-looking statements as new information becomes available, there is no obligation to do so. Investors should avoid relying on these statements as projections for future performance.