Detail akcie Sabine Royalty Units online

Business Summary: Sabine Royalty Trust (the Trust) is an express trust. The Trust receives a distribution from Sabine Corporation (Sabine) of royalty and mineral interests, including landowner’s royalties, overriding royalty interests, minerals (other than executive rights, bonuses and delay rentals), production payments and any other similar, non-participatory interest, in certain producing and proved undeveloped oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma and Texas (the Royalty Properties). The Royalty Properties are the only assets of the Trust, other than cash being held for the payment of expenses and liabilities and for distribution to the unit holders. The trustee of the Trust is Argent Trust Company, a Tennessee chartered trust company.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Sabine Royalty Trust revenues decreased 26% to $93.8M. Net income decreased 26% to $90.3M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects Escrow Agent Fee increase of 29% to $1.6M (expense), Unit holders services fees increase of 60% to $634K (expense). Dividend per share decreased from $8.65 to $5.75.