Argent Trust Company, as Trustee of the Sabine Royalty Trust, declared a cash distribution of $0.360390 per unit payable November 30, 2026, to unit holders of record on November 16, 2026, as announced on November 6, 2026.

Key Highlights

  • Distribution amount: $0.360390 per unit of beneficial interest, payable November 30, 2026, to holders of record on November 16, 2026.
  • Oil production: Preliminary net-to-trust sales volume of approximately 49,139 barrels of oil at approximately $82.57 per barrel, reflecting August 2026 production.
  • Gas production: Preliminary net-to-trust sales volume of approximately 1,030,611 Mcf of gas at approximately $2.59 per Mcf, reflecting July 2026 production.
  • Month-over-month change: The filing states the 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."
  • Deferred revenue: Approximately $1,916,000 of revenue received near the end of October will be posted in November, in addition to normal November cash receipts.
  • Post-close receipts: Since the close of business in October and prior to the press release, approximately $440,000 in revenue had been received.

November 2026 Distribution Details for Sabine Royalty Trust (NYSE:SBR)

Argent Trust Company, as Trustee of the Sabine Royalty Trust (NYSE:SBR), declared its November 2026 cash distribution of $0.360390 per unit, according to the filing. The distribution is payable on November 30, 2026, to unit holders of record as of November 16, 2026. The filing notes that this distribution primarily reflects oil production for August 2026 and gas production for July 2026, described as "current production."

Preliminary production data reported in the filing shows approximately 49,139 barrels of oil at approximately $82.57 per barrel, and approximately 1,030,611 Mcf of gas at approximately $2.59 per Mcf. By comparison, the prior month's figures were approximately 45,391 barrels of oil at approximately $80.56 per barrel and approximately 1,019,756 Mcf of gas at approximately $2.34 per Mcf, according to the trust's disclosure. The filing notes that sales volumes are recorded in the month the trust receives and identifies the related royalty income, and that volumes and pricing may fluctuate based on the timing of cash receipts.

The filing also discloses a timing consideration related to the end of October: approximately $1,916,000 in revenue received near month-end will be posted in November rather than October, in addition to normal November cash receipts. Additionally, approximately $440,000 in revenue was received between the close of October and the date of the press release. The filing further notes that most energy companies issue royalty payments on or about the 25th of each month, and revenues received after the monthly posting date are posted within 30 days of receipt. The filing contains forward-looking statements that the trustee cautions are subject to risks described in the trust's Annual Report on Form 10-K for the year ended December 31, 2025, and subsequently filed Quarterly Reports on Form 10-Q.

What Was Disclosed

Sabine Royalty Trust announced a November 2026 cash distribution of $0.360390 per unit, payable November 30, 2026, based on preliminary oil and gas production volumes and prices for August and July 2026, respectively, with timing notes on deferred October revenue.