SABINE ROYALTY TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION FOR NOVEMBER 2026

(NYSE:SBR) Sabine Royalty Trust, with Argent Trust Company as Trustee, declared a cash distribution of $0.360390 per unit to holders of its units of beneficial interest. The distribution is payable on November 30, 2026, to unit holders of record on November 16, 2026. This distribution primarily reflects oil production for August 2026 and gas production for July 2026, which is considered current production. Preliminary production volumes for the current month are approximately 49,139 barrels of oil and 1,030,611 Mcf of gas. Preliminary average prices for the current month are approximately $82.57 per barrel of oil and $2.59 per Mcf of gas. For the prior month, production volumes were 45,391 barrels of oil and 1,019,756 Mcf of gas, with average prices of $80.56 per barrel of oil and $2.34 per Mcf of gas. This month's distribution is higher than the previous month's primarily due to an increase in oil and natural gas production, along with higher oil and natural gas pricing. Sales volumes are recorded in the month the Trust receives and identifies the related royalty income, which may cause monthly fluctuations based on the timing of cash receipts. Revenues are only distributed after they are received, verified, and posted. Most energy companies issue payment of royalties on or about the 25th of every month, but some royalties may not be received until after the revenue posting on the last business day of the month. Revenues received after that date will be posted within 30 days of receipt. Due to the timing at the end of October, approximately $1,916,000 of revenue received will be posted in November in addition to normal cash receipts received during November. Since the close of business in October and prior to this press release, approximately $440,000 in revenue has been received. The 2025 Annual Report with Form 10-K and the December 31, 2025, Reserve Summary are available on the Sabine website. Printed reports can be requested and are mailed free of charge.

SABINE ROYALTY TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION FOR AUGUST 2026

(NYSE: SBR) Argent Trust Company, as Trustee of the Sabine Royalty Trust, declared a cash distribution to the holders of its units of beneficial interest of $0.619430 per unit, payable on August 31, 2026, to unit holders of record on August 17, 2026. Preliminary production volumes are approximately 72,119 barrels of oil and 1,408,574 Mcf of gas. Preliminary prices are approximately $98.43 per barrel of oil and $2.21 per Mcf of gas. This month's distribution is higher than the previous month's primarily due to an increase in oil and natural gas production along with higher oil pricing, slightly offset by lower natural gas pricing. The prior month's production was 54,139 barrels of oil and 1,074,976 Mcf of gas, with prices of $87.11 per barrel of oil and $2.41 per Mcf of gas. Approximately $569,000 of revenue received will be posted in the following month of August in addition to normal cash receipts received during August. Since the close of business in July and prior to this press release, approximately $2,017,000 in revenue has been received.

SABINE ROYALTY TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION FOR JULY 2026

(NYSE: SBR) Argent Trust Company, as Trustee of the Sabine Royalty Trust, declared a cash distribution of $0.429150 per unit, payable on July 29, 2026, to unit holders of record on July 15, 2026. Preliminary production volumes for the distribution are approximately 54,139 barrels of oil and 1,074,976 Mcf of gas. Preliminary prices are approximately $87.11 per barrel of oil and $2.41 per Mcf of gas. The prior month's production was 50,742 barrels of oil and 896,486 Mcf of gas, with prices of $80.78 per barrel of oil and $4.70 per Mcf of gas. This month's distribution is lower than the previous month's primarily due to a decrease in natural gas pricing, slightly offset by higher oil and natural gas production, along with higher oil pricing. Approximately $1,029,000 of revenue received will be posted in the following month of July in addition to normal cash receipts received during July. Since the close of business in June and prior to this press release, approximately $1,462,000 in revenue has been received.

SABINE ROYALTY TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION FOR JUNE 2026

(NYSE: SBR) Argent Trust Company, as Trustee of the Sabine Royalty Trust, declared a cash distribution to the holders of its units of beneficial interest of $0.502990 per unit, payable on June 29, 2026, to unit holders of record on June 15, 2026. Preliminary production volumes are approximately 50,742 barrels of oil and 896,486 Mcf of gas. Preliminary prices are approximately $80.78 per barrel of oil and $4.70 per Mcf of gas. The prior month's production was 56,677 barrels of oil and 1,220,056 Mcf of gas, with prices of $60.97 per barrel of oil and $3.98 per Mcf of gas. Approximately $985,000 of revenue received will be posted in the following month of June in addition to normal cash receipts received during June. Since the close of business in May and prior to this press release, approximately $2,564,000 in revenue has been received. This month's distribution is higher than the previous month's primarily due to an increase in oil and natural gas pricing, slightly offset by lower oil and natural gas production.

SABINE ROYALTY TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION FOR MAY 2026

Argent Trust Company, as Trustee of the Sabine Royalty Trust (NYSE: SBR), declared a cash distribution of $0.497900 per unit, payable on May 29, 2026, to unit holders of record on May 15, 2026. This distribution primarily reflects oil production for February 2026 and gas production for January 2026, with preliminary production volumes of approximately 56,677 barrels of oil and 1,220,056 Mcf of gas. Preliminary prices were approximately $60.97 per barrel of oil and $3.98 per Mcf of gas. The distribution is higher than the previous month's due to increased oil and natural gas pricing and production. Additional financial and reserve information is available on the Sabine website.