Sabine Royalty Trust Declares September Distribution of $0.331680 Per Unit, Down 46% from August
SBR sits 15% above its 52-week low of $65.31.
Summary
Sabine Royalty Trust declared a September cash distribution of $0.331680 per unit, down 46% from August, on lower oil and gas production volumes and lower oil prices.
Key Events · Earnings and Guidance · SBR
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September Distribution Declared at $0.331680
The trust declared a monthly cash distribution of $0.331680 per unit, payable September 29, 2026 to holders of record September 15, 2026.
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Distribution Down 46% Month-Over-Month
The September distribution is 46% lower than August's $0.61943 per unit, driven by a 45% drop in oil production volumes and a 20% decline in realized oil prices.
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Production Volumes Decline Sharply
Preliminary production volumes were 39,647 barrels of oil and 1,094,091 Mcf of gas, compared to 72,119 barrels and 1,408,574 Mcf in the prior month.
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Realized Oil Price Falls to $79.10
Preliminary average oil price was $79.10 per barrel, down from $98.43 in the prior month; gas price rose slightly to $2.33 per Mcf from $2.21.
Analysis · SBR · Energy & Transportation
The September distribution of $0.331680 per unit is a sharp 46% decline from the August distribution of $0.61943 per unit. The drop is driven by a 45% decrease in oil production volumes (39,647 vs 72,119 barrels) and a 22% decrease in gas production volumes (1,094,091 vs 1,408,574 Mcf), compounded by a 20% decline in realized oil prices ($79.10 vs $98.43 per barrel). This is a material month-over-month deterioration in distributable cash flow for a royalty trust whose entire value proposition is the monthly distribution. The trust's Q2 2026 distributable income was $20.85 million ($1.43/unit), so this month's distribution represents a meaningful step down in the payout trajectory.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 29.9% of the 1594 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SBR was trading at $75.25 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.1B. The 52-week trading range was $65.31 to $84.39. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.