SABINE ROYALTY TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION FOR JULY 2026

DALLAS , July 2, 2026 /PRNewswire/ -- Argent Trust Company, as Trustee of the Sabine Royalty Trust (NYSE: SBR ), today declared a cash distribution to the holders of its units of beneficial interest of $0.429150 per unit, payable on July 29, 2026, to unit holders of record on July 15, 2026. Sabine's cash distribution history, current and prior year financial reports and tax information booklets, a link to filings made with the Securities and Exchange Commission and more can be found on its website at http://www.sbr-sabine.com/ . Additionally, printed reports can be requested and are mailed free of charge.

This distribution reflects primarily the oil production for April 2026 and the gas production for March 2026, which is considered current production. Preliminary production volumes are approximately 54,139 barrels of oil and 1,074,976 Mcf of gas. Preliminary prices are approximately $87.11 per barrel of oil and $2.41 per Mcf of gas. This month's distribution is lower than the previous month's primarily due to a decrease in natural gas pricing, slightly offset by higher oil and natural gas production, along with higher oil pricing.

The table below compares this month's production and prices to the previous month's:

Net to Trust Sales Volumes (a)Average Price (a)Oil (bbls)Gas (Mcf)Oil (per bbl)Gas (per Mcf)Current Month 54,1391,074,976$87.11$2.41Prior Month 50,742896,486$80.78$4.70

(a)Sales volumes are recorded in the month the Trust receives and identifies the related royalty income. Because of this, sales volumes and pricing may fluctuate from month to month based on the timing of cash receipts. Revenues are only distributed after they are received, verified, and posted. Most energy companies normally issue payment of royalties on or about the 25 th of every month, and depending on mail delivery, a varying amount of royalties are not received until after the revenue posting on the last business day of the month. The revenues received after that date wi...