Sabine Royalty Trust Files 10-Q for Q2 2024

TL;DR

Sabine Royalty Trust filed its 10-Q for June 30, 2024. Check financials.

AI Summary

Sabine Royalty Trust filed its 10-Q for the quarterly period ended June 30, 2024. The filing provides financial information and updates for the trust. The trust is incorporated in Texas and its principal executive offices are located in Dallas, Texas.

Why It Matters

This filing provides investors with the latest financial performance and operational details of Sabine Royalty Trust, crucial for understanding its current standing and future prospects.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.

Key Players & Entities

• Sabine Royalty Trust (company) — Registrant
• June 30, 2024 (date) — Quarterly period end date
• Texas (location) — State of incorporation and business address
• Dallas (location) — City of business address
• Argent Trust Company (company) — Trustee/Agent

FAQ

Key Financial Figures

• $22,310,118 — rties (less accumulated amortization of $22,310,118 and $22,299,783 at June 30, 2024 and De
• $22,299,783 — mulated amortization of $22,310,118 and $22,299,783 at June 30, 2024 and December 31, 2023)

Filing Documents

• sbr_10-q_2024-06-30.htm (10-Q) — 350KB
• sbr-ex31.htm (EX-31) — 15KB
• sbr-ex32.htm (EX-32) — 8KB
• 0000950170-24-093772.txt ( ) — 373KB

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION 3

Financial Statements

Item 1. Financial Statements 3

Trustee’s Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Trustee’s Discussion and Analysis of Financial Condition and Results of Operations 14

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 16

Controls and Procedures

Item 4. Controls and Procedures 16

— OTHER INFORMATION

PART II — OTHER INFORMATION 17

Legal Proceedings

Item 1. Legal Proceedings 17

Risk Factors

Item 1A. Risk Factors 17

Other Information

Item 5. Other Information 17

Exhibits

Item 6. Exhibits 17

SIGNATURES

SIGNATURES 18 EX-31 EX-32 Table of Contents SABINE ROYALTY TRUST

— FIN ANCIAL INFORMATION

PART I — FIN ANCIAL INFORMATION It em 1. Financial Statements. The condensed financial statements included herein have been prepared by Argent Trust Company, as Trustee (the “Trustee”) of Sabine Royalty Trust (the “Trust”), pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in annual financial statements have been condensed or omitted pursuant to such rules and regulations, although the Trustee believes that the disclosures are adequate to make the information presented not misleading. The condensed financial statements of the Trust presented herein are unaudited. It is suggested that these condensed financial statements and notes thereto be read in conjunction with the financial statements and notes thereto included in the Trust’s latest annual report on Form 10-K. The December 31, 2023 condensed statement of assets, liabilities and trust corpus is derived from the audited statement of assets, liabilities and trust corpus as of that date. In the opinion of the Trustee, all adjustments necessary to present fairly the assets, liabilities and trust corpus of the Trust as of June 30, 2024, and the distributable income and the changes in trust corpus for the three-month and six-month periods ended June 30, 2024 and 2023, have been included. The distributable income for such interim periods is not necessarily indicative of the distributable income for the full year. Unless specified otherwise, all amounts included herein are presented in US dollars. The condensed financial statements as of June 30, 2024, and for the three-month and six-month periods ended June 30, 2024 and 2023, included herein, have been reviewed by Weaver and Tidwell, L.L.P., an independent registered public accounting firm, as stated in their report appearing herein. Page Report of Independent Registered Public Accounting Firm (PCAOB ID Number 410) 4 Cond

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