No material change — monitor oil and gas prices for future distribution trends. The sequential increase in production and pricing is mildly positive but within normal monthly variation.
Price Chart
Executive Summary
Sabine Royalty Trust announced a monthly cash distribution of $0.497900 per unit for May 2026, reflecting preliminary oil production of 56,677 barrels at $60.97/bbl and gas production of 1,220,056 Mcf at $3.98/Mcf. The distribution is higher than the prior month due to increased oil and gas pricing and production volumes, but this is a routine monthly announcement with no material change to the Trust's outlook.
Key Facts
- Monthly distribution of $0.497900 per unit declared, payable May 29, 2026
- Preliminary oil volumes: 56,677 bbls at $60.97/bbl (vs prior month 44,645 bbls at $57.57/bbl)
- Preliminary gas volumes: 1,220,056 Mcf at $3.98/Mcf (vs prior month 885,409 Mcf at $3.42/Mcf)
- Distribution increase driven by higher oil and gas pricing and production
- Approximately $1.338M in revenue received will be posted in May, plus $879K received since April close
Financial Impact
Monthly distribution of $0.4979/unit; implied total distribution ~$8.5M based on ~17M units outstanding (est.). No revenue or EPS reported.
Risk Factors
- Oil and natural gas price volatility could reduce future distributions
- Production volumes may fluctuate due to timing of royalty receipts
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-205699 |
| Document: sbr-ex99_1.htm | 0001193125-26-205699 |
| Document: 0001193125-26-205699-index-headers.html | 0001193125-26-205699 |
| Document: 0001193125-26-205699-index.html | 0001193125-26-205699 |
| Document: 0001193125-26-205699.txt | 0001193125-26-205699 |
| 8-K Data (Synthetic) | 0001193125-26-205699 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 21d ago | 8-K | $71.38 | awaiting T+20 | — | $73.18 (+2.52%) |
Sep 4, 2026 7w ago | 8-K | $74.71 $71.38 | ▼ −4.46% | ▼ −5.06% | $73.18 (−2.05%) |
Aug 7, 2026 11w ago | 8-K | $72.21 $74.71 | ▲ +3.46% | ▲ +3.86% | $73.18 (+1.34%) |
Jul 2, 2026 16w ago | 8-K | $73.11 $72.67 | ▼ −0.60% | ▼ −0.19% | $73.18 (+0.10%) |
Jun 5, 2026 20w ago | 8-K | $77.76 $72.86 | ▼ −6.30% | ▼ −8.16% | $73.18 (−5.89%) |
May 5, 2026 24w ago | 8-K | $77.84 $77.14 | ▼ −0.90% | ▼ −5.85% | $73.18 (−5.99%) |
Apr 2, 2026 29w ago | 8-K | $74.27 $76.39 | ▲ +2.85% | ▼ −7.02% | $73.18 (−1.47%) |
US Market Status
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