- Sabine Royalty Trust declared a **cash distribution of $0.368910 per unit** for October 2025, payable on October 29, 2025, to unitholders of record on October 15, 2025.  **[710752_0001193125-25-229394_sbr-ex99_1.htm:0]** 
- This distribution is primarily based on **48,527 barrels of oil** produced in July 2025 at an average price of **$65.48 per barrel**, and **1,111,528 Mcf of gas** produced in June 2025 at an average price of **$2.62 per Mcf**.  **[710752_0001193125-25-229394_sbr-ex99_1.htm:0]** 
- The current month's distribution is **lower than the previous month's** due to a decrease in oil and natural gas production, and a decrease in oil pricing, partially offset by an increase in natural gas pricing.  **[710752_0001193125-25-229394_sbr-ex99_1.htm:0]** 
- Compared to the prior month, oil production decreased from **97,403 barrels** to **48,527 barrels**, and gas production decreased from **1,181,086 Mcf** to **1,111,528 Mcf**.  **[710752_0001193125-25-229394_sbr-ex99_1.htm:0]**  Oil prices also decreased from **$68.79** to **$65.48** per barrel, while gas prices increased from **$2.40** to **$2.62** per Mcf.  **[710752_0001193125-25-229394_sbr-ex99_1.htm:0]**

Sabine Royalty Trust Announces October 2025 Cash Distribution

- Sabine Royalty Trust declared a cash distribution of **$0.368910 per unit**  **[710752_20251003DA89517:0]** , payable on **October 29, 2025**, to unit holders of record on **October 15, 2025**.  **[710752_20251003DA89517:0]** 
- This distribution is lower than the previous month's primarily due to a **decrease in oil and natural gas production**, along with a **decrease in oil pricing**, partially offset by an increase in natural gas pricing.  **[710752_20251003DA89517:0]**  The production volumes and average prices are detailed below:

| Metric | Current Month | Prior Month |
|---|---|---|
| Oil Volumes (bbls) | **48,527**  **[710752_20251003DA89517:0]**  | **97,403**  **[710752_20251003DA89517:0]**  |
| Gas Volumes (Mcf) | **1,111,528**  **[710752_20251003DA89517:0]**  | **1,181,086**  **[710752_20251003DA89517:0]**  |
| Oil Average Price ($ per bbl) | **$65.48**  **[710752_20251003DA89517:0]**  | **$68.79**  **[710752_20251003DA89517:0]**  |
| Gas Average Price ($ per Mcf) | **$2.62**  **[710752_20251003DA89517:0]**  | **$2.40**  **[710752_20251003DA89517:0]**  |

- Approximately **$423,000** of revenue received will be posted in October, in addition to normal cash receipts.  **[710752_20251003DA89517:0]**

SABINE ROYALTY TRUST (SBR)