Sabine Royalty Trust Files Q3 2024 10-Q

TL;DR

Sabine Royalty Trust filed its 10-Q for Q3 2024. Check financials.

AI Summary

Sabine Royalty Trust filed its quarterly report on Form 10-Q for the period ending September 30, 2024. The filing details the trust's financial performance and operational status. The trust is incorporated in Texas and its principal executive offices are located in Dallas, Texas.

Why It Matters

This filing provides investors with an update on Sabine Royalty Trust's financial health and operational performance for the third quarter of 2024, crucial for investment decisions.

Risk Assessment

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

Key Numbers

• 1231 — Fiscal Year End (Indicates the end of the trust's fiscal year.)

Key Players & Entities

• Sabine Royalty Trust (company) — Registrant
• September 30, 2024 (date) — Quarterly period end date
• Dallas, Texas (location) — Principal executive offices location
• Argent Trust Company (company) — Trustee/Agent
• 75-6297143 (identifier) — IRS Employer Identification No.

FAQ

Key Financial Figures

• $22,315,263 — rties (less accumulated amortization of $22,315,263 and $22,299,783 at September 30, 2024 a
• $22,299,783 — mulated amortization of $22,315,263 and $22,299,783 at September 30, 2024 and December 31,

Filing Documents

• sbr_10-q_2024-09-30.htm (10-Q) — 368KB
• sbr-ex31.htm (EX-31) — 16KB
• sbr-ex32.htm (EX-32) — 8KB
• 0000950170-24-124994.txt ( ) — 392KB

— 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 18

Legal Proceedings

Item 1. Legal Proceedings 18

Risk Factors

Item 1A. Risk Factors 18

Other Information

Item 5. Other Information 18

Exhibits

Item 6. Exhibits 18

SIGNATURES

SIGNATURES 19 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 September 30, 2024, and the distributable income and the changes in trust corpus for the three and nine months ended September 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 September 30, 2024, and for the three and nine months ended September 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 Condense

View Full Filing

View this 10-Q filing on SEC EDGAR