The month-over-month decline in oil production (~45%) and oil price (~20%) is significant for a royalty trust that depends on current production. Monitor next month's distribution for confirmation of trend; if sustained, annual distribution yield could compress. No guidance or forward-looking production estimates provided.
Price Chart
Executive Summary
Sabine Royalty Trust announced its monthly cash distribution for September 2026 of $0.331680 per unit, payable September 29 to holders of record September 15. The distribution is lower than the prior month due to a sharp decline in oil production (39,647 bbls vs 72,119 bbls) and lower oil prices ($79.10/bbl vs $98.43/bbl), partially offset by slightly higher natural gas prices. This is a routine monthly operational update with no material change to the trust's long-term outlook.
Key Facts
- Monthly cash distribution of $0.331680 per unit declared for September 2026
- Preliminary oil production: 39,647 barrels at $79.10/bbl (down ~45% volume, ~20% price vs prior month)
- Preliminary gas production: 1,094,091 Mcf at $2.33/Mcf (down ~22% volume, up ~5% price vs prior month)
- Distribution lower than previous month due to decreased oil and gas production and lower oil pricing
- Approximately $199,000 of August revenue will be posted in September; $1,141,000 received since August close
Financial Impact
Distribution of $0.331680 per unit, lower than prior month; no total dollar amount provided for the distribution
Risk Factors
- Continued decline in oil production and/or prices would further reduce monthly distributions
- Timing of royalty receipts can cause month-to-month volatility in reported volumes and 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) | 0001193125-26-383179 |
| Document: sbr-ex99_1.htm | 0001193125-26-383179 |
| Document: 0001193125-26-383179-index-headers.html | 0001193125-26-383179 |
| Document: 0001193125-26-383179-index.html | 0001193125-26-383179 |
| Document: 0001193125-26-383179.txt | 0001193125-26-383179 |
| 8-K Data (Synthetic) | 0001193125-26-383179 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 21d ago | 8-K | $71.38 | awaiting T+20 | — | $73.12 (+2.44%) |
Sep 4, 2026 7w ago | 8-K | $74.71 $71.38 | ▼ −4.46% | ▼ −5.06% | $73.12 (−2.13%) |
Aug 7, 2026 11w ago | 8-K | $72.21 $74.71 | ▲ +3.46% | ▲ +3.86% | $73.12 (+1.26%) |
Jul 2, 2026 16w ago | 8-K | $73.11 $72.67 | ▼ −0.60% | ▼ −0.19% | $73.12 (+0.01%) |
Jun 5, 2026 20w ago | 8-K | $77.76 $72.86 | ▼ −6.30% | ▼ −8.16% | $73.12 (−5.97%) |
May 5, 2026 24w ago | 8-K | $77.84 $77.14 | ▼ −0.90% | ▼ −5.85% | $73.12 (−6.06%) |
Apr 2, 2026 29w ago | 8-K | $74.27 $76.39 | ▲ +2.85% | ▼ −7.02% | $73.12 (−1.55%) |
US Market Status
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