SABINE ROYALTY TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION FOR MARCH 2025

Distribution Announcement - Argent Trust Company declared a cash distribution of $0.301230 per unit for the Sabine Royalty Trust, payable on March 31, 2025, to unit holders of record on March 17, 2025 [1] Production and Revenue Details - The distribution reflects oil production for December 2024 and gas production for November 2024, with preliminary production volumes of approximately 45,827 barrels of oil and 1,044,259 Mcf of gas [2] - The average prices for the current month were approximately $69.44 per barrel of oil and $1.86 per Mcf of gas, showing a decrease from the prior month where prices were $69.88 per barrel and $1.99 per Mcf [3] Comparison of Current and Prior Month - Current month production volumes were 45,827 barrels of oil and 1,044,259 Mcf of gas, compared to the prior month’s 68,827 barrels of oil and 1,444,799 Mcf of gas [3] Settlement Proceeds - The March distribution includes a $400,000 settlement payment related to unpaid royalties from TGNR East Texas II, LLC, discovered during an ongoing revenue audit [4] Revenue Posting - Revenues are distributed only after being received, verified, and posted, with approximately $1,104,000 in revenue received since the end of February [5][6]