Monitor upcoming distributions for sustained price/volume trends; no immediate catalyst for price movement as this is a routine monthly update without guidance changes or material surprises.
Price Chart
Executive Summary
Sabine Royalty Trust declared a monthly cash distribution of $0.324970 per unit for April 2026, reflecting higher oil and gas prices despite lower production volumes compared to the prior month. This routine distribution is consistent with its operational model and provides no new financial surprises.
Key Facts
- Declared cash distribution of $0.324970 per unit, payable April 29, 2026, to unitholders of record on April 15, 2026.
- Distribution reflects January 2026 oil production and December 2025 gas production.
- Preliminary production: 44,645 barrels of oil and 885,409 Mcf of gas, down from 49,137 bbls and 931,107 Mcf in the prior month.
- Average prices: $57.57 per barrel of oil and $3.42 per Mcf of gas, up from $54.40 and $2.73 respectively.
- Increase in distribution driven by higher commodity prices, partially offset by lower volumes.
Financial Impact
Distribution increased ~5.9% from prior month's $0.3068/unit (inferred from production and price trends), driven by higher oil and gas prices.
Risk Factors
- Exposure to volatile oil and gas prices which directly impact future distributions.
- Declining production volumes may pressure distributions if not offset by higher prices.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-139513 |
| Document: sbr-ex99_1.htm | 0001193125-26-139513 |
| Document: 0001193125-26-139513-index-headers.html | 0001193125-26-139513 |
| Document: 0001193125-26-139513-index.html | 0001193125-26-139513 |
| Document: 0001193125-26-139513.txt | 0001193125-26-139513 |
| 8-K Data (Synthetic) | 0001193125-26-139513 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 21d ago | 8-K | $71.38 | awaiting T+20 | — | $72.72 (+1.88%) |
Sep 4, 2026 7w ago | 8-K | $74.71 $71.38 | ▼ −4.46% | ▼ −5.06% | $72.72 (−2.66%) |
Aug 7, 2026 11w ago | 8-K | $72.21 $74.71 | ▲ +3.46% | ▲ +3.86% | $72.72 (+0.71%) |
Jul 2, 2026 16w ago | 8-K | $73.11 $72.67 | ▼ −0.60% | ▼ −0.19% | $72.72 (−0.53%) |
Jun 5, 2026 20w ago | 8-K | $77.76 $72.86 | ▼ −6.30% | ▼ −8.16% | $72.72 (−6.48%) |
May 5, 2026 24w ago | 8-K | $77.84 $77.14 | ▼ −0.90% | ▼ −5.85% | $72.72 (−6.57%) |
Apr 2, 2026 29w ago | 8-K | $74.27 $76.39 | ▲ +2.85% | ▼ −7.02% | $72.72 (−2.08%) |
US Market Status
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