Sabine Royalty Trust Q1 2024 Earnings Report

Sabine Royalty Trust EPS Results

• Actual EPS: $1.37
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

Sabine Royalty Trust Revenue Results

• Actual Revenue: $20.76 million
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Sabine Royalty Trust Announcement Details

• Quarter: Q1 2024
• Date: 5/9/2024
• Time: N/A
• Conference Call Date: N/A
• Conference Call Time: N/A

Sabine Royalty Trust (NYSE:SBR) (NYSE: SBR) is a perpetual statutory trust established in 1980 to hold overriding royalty interests on specified oil and natural gas properties. As a royalty trust, Sabine does not conduct exploration or development activities. Instead, it passively receives revenue from production volumes in the form of net overriding royalties, which it distributes to unitholders on a monthly basis.

The trust’s mineral and royalty interests are concentrated in onshore Gulf Coast regions, primarily in southern Louisiana, coastal Mississippi and southeastern Alabama. The underlying properties are operated by independent and major oil and gas companies under long-term leases. Sabine royalty revenues derive from both oil and natural gas production, reflecting the joint contribution of multiple fields and well complexes across its geographic footprint.

Originally formed by Sabine Corporation, the trust’s assets were contributed by the sponsor company when it spun off its royalty interests. Over its multi-decade history, Sabine Royalty Trust has provided investors with a steady income stream rooted in legacy hydrocarbon reserves. As producing wells gradually deplete, the trust’s distribution profile evolves, though it continues to draw on a diversified portfolio of mature Gulf Coast properties.

Sabine Royalty Trust is administered by an independent corporate trustee in accordance with its trust indenture. There is no traditional executive leadership team or board of directors; rather, the trustee oversees the collection and distribution of royalties and ensures compliance with the trust agreement. Operational relationships with field operators and the underlying leaseholders remain the primary drivers of the trust’s ongoing activities.