Sabine Royalty Trust (SBR) Q4 2024 earnings summary

Executive summary

• Declared a cash distribution of $0.439510 per unit, payable February 28, 2025, to holders of record on February 18, 2025.

• Distribution reflects oil production for November 2024 and gas production for October 2024.

• Distribution is slightly lower than the previous month due to decreased oil and gas production, partially offset by higher prices.

Financial highlights

• Preliminary production: 68,827 barrels of oil and 1,444,799 Mcf of gas.

• Preliminary prices: $69.88 per barrel of oil and $1.99 per Mcf of gas.

• Prior month: 76,247 barrels of oil, 1,617,815 Mcf of gas, $67.70 per barrel, $1.61 per Mcf.

• Approximately $115,000 for 2024 Ad Valorem taxes deducted from this month's distribution, down from $384,000 last year.

Outlook and guidance

• Forward-looking statements caution that actual results may differ due to various risk factors and future developments.