Sabine Royalty Tr | 10-Q: FY2025 Q3 Revenue: USD 25.52 M

Revenue: As of FY2025 Q3, the actual value is USD 25.52 M.

EPS: As of FY2025 Q3, the actual value is USD 1.7.

EBIT: As of FY2025 Q3, the actual value is USD 24.44 M.

Segment Revenue

• Royalty Income: For the three months ended September 30, 2025, royalty income was $25,522,605, an increase from $19,784,478 in the same period of 2024. For the nine months ended September 30, 2025, royalty income was $63,500,741, compared to $63,150,392 in 2024.

Operational Metrics

• Distributable Income: For the three months ended September 30, 2025, distributable income was $24,752,168, or $1.70 per unit, compared to $19,070,466, or $1.31 per unit, in the same period of 2024. For the nine months ended September 30, 2025, distributable income was $60,687,646, compared to $61,070,890 in 2024.
• General and Administrative Expenses: These expenses were $925,998 for the three months ended September 30, 2025, compared to $859,880 in the same period of 2024. For the nine months ended September 30, 2025, these expenses increased to $3,195,346 from $2,552,648 in 2024.

Cash Flow

• Cash and Short-term Investments: As of September 30, 2025, cash and short-term investments were $8,221,344, down from $9,169,742 as of December 31, 2024.

Unique Metrics

• Average Realized Prices: For the quarter ended September 30, 2025, the average realized price for oil was $68.33 per barrel, and for gas, it was $2.60 per Mcf. For the nine months ended September 30, 2025, the average realized price for oil was $65.24 per barrel, and for gas, it was $2.64 per Mcf.

Future Outlook and Strategy

• Core Business Focus: The Trust’s income and distributions are heavily influenced by commodity prices, which are subject to fluctuations due to various factors such as geopolitical conditions, weather, and market demand. The Trust does not undertake capital projects or make capital expenditures, relying solely on royalty income for cash flows.
• Non-Core Business: The Trust does not engage in any business or commercial activity beyond holding royalty interests and distributing income to unit holders. There are no plans for divestitures or expansion into new segments.