Cash Distribution - The cash distribution for April 2025 is declared at $0.503880 per unit, payable on April 29, 2025, to unit holders of record on April 15, 2025[2]. - This month's distribution is higher than the previous month due to an increase in oil and gas production and a rise in natural gas prices[4]. Production Volumes - Preliminary production volumes for January 2025 are approximately 102,540 barrels of oil and 1,410,501 Mcf of gas[3]. - The prior month's production was 45,827 barrels of oil and 1,044,259 Mcf of gas, with average prices of $69.44 per barrel for oil and $1.86 per Mcf for gas[5]. Revenue and Cash Receipts - Approximately $119,000 of revenue received in March will be posted in April, in addition to normal cash receipts[7]. Oil Prices - The realized oil price for the current month is $44.22 per barrel, significantly lower than the national average of $71.56 per barrel[4]. Regulatory Filings - The Trust's 2024 Annual Report on Form 10-K has been filed with the SEC, and the Reserve Summary is available on the Trust's website[8]. Forward-Looking Statements - Forward-looking statements indicate potential risks that could cause actual results to differ from anticipated results[10]. - The Trustee disclaims any obligation to update forward-looking statements, which should not be relied upon as representing views after the date of the release[11].

Financial Performance - Distributable income for the three months ended March 31, 2025, was $18,146,483, down from $19,921,427 in the same period of 2024, representing a decrease of about 8.9%[12] - Royalty income decreased to $19,394,566 for the three months ended March 31, 2025, compared to $20,758,805 in 2024, a decline of approximately 6.6%[12] - Interest income for the three months ended March 31, 2025, was $106,960, down from $151,926 in the same period of 2024, representing a decrease of approximately 29.6%[12] - The price of oil fell significantly in early 2025 due to weak demand and increasing supply, impacting distributable income[49] - Royalty income decreased by approximately $1,364,000, or 7%, compared to Q1 2024, primarily due to lower oil and natural gas prices[55] Assets and Liabilities - Total assets increased to $9,955,144 as of March 31, 2025, compared to $9,250,361 on December 31, 2024, reflecting a growth of approximately 7.6%[10] - Total liabilities decreased to $441,128 as of March 31, 2025, down from $543,429 on December 31, 2024, a decline of about 18.8%[10] - Trust corpus at the end of the period was $9,514,016, an increase from $8,706,932 at the beginning of the period, reflecting a growth of about 9.2%[14] - Cash and short-term investments increased to $9,878,062 as of March 31, 2025, compared to $9,169,742 on December 31, 2024, marking an increase of approximately 7.7%[10] Expenses - General and administrative expenses rose to $1,355,043 in Q1 2025, up from $989,304 in Q1 2024, indicating an increase of about 37%[12] - General and administrative expenses increased approximately $365,700 for the three months ended March 31, 2025, compared to the same period in 2024, primarily due to increases in various fees and expenses[60] - Compared to the previous quarter ended December 31, 2024, general and administrative expenses increased approximately $379,000, mainly due to timing of audit and legal fees[61] Production and Pricing - Oil production for Q1 2025 was 211,707 barrels, while gas production was 3,883,612 Mcf[57] - Average realized price for oil in Q1 2025 was $59.17 per barrel, down from $80.20 in Q1 2024, while gas averaged $2.19 per Mcf compared to $2.37[57] - The average price of gas reported by Henry Hub for Q1 2025 was $3.15 per Mcf, with a decline to $2.66 per Mcf by April 28, 2025[57] Distributions - Distributions per unit decreased to $1.19 for the three months ended March 31, 2025, down from $1.27 in the same period of 2024, a reduction of approximately 6.3%[14] - The Trust declared distributions of $0.503880 and $0.447780 per unit for April and May 2025, respectively[46] Accounting and Compliance - There have been no significant changes to the critical accounting policies during the three months ended March 31, 2025[64] - The Trust does not invest in derivative financial instruments and is not subject to any material interest rate risk due to the short-term nature of its borrowings and investments[69] - The Trustee concluded that the Trust's disclosure controls and procedures are effective in ensuring timely decisions regarding required disclosures[70] - No material changes to risk factors have occurred during the three months ended March 31, 2025[74] - There are no new accounting pronouncements expected to have a significant impact on the Trust's financial statements[66] Future Outlook - The Trust has not anticipated borrowing funds in the foreseeable future, relying instead on royalty income for cash flow[48]

Core Insights - Mobile-health Network Solutions (MNDR) has won the Cloud-Healthcare Technology Award at the SBR Technology Excellence Awards 2025 for its AI-powered Health Operating System [1][2] - The award recognizes innovative IT products and solutions from Singapore-based technology companies [2] - The Health Operating System (HOS) connects patients with healthcare providers 24/7 and includes features like AI Notes, which generates clinical documentation [3][6] Company Overview - Mobile-health Network Solutions is ranked 41 in the Financial Times 2024 listing of 500 High-growth Asia-Pacific Companies and is the first telehealth provider from the Asia-Pacific region to be listed in the US [10] - The company offers a range of telehealth solutions, including teleconsultation services and personalized care programs, enabling healthcare providers to reach users globally without startup costs [10] Technology and Features - The AI-powered Health Operating System includes AI Notes, which captures doctor-patient conversations and generates structured clinical notes, reducing the documentation burden on healthcare providers [3][6] - AI Notes currently understands English in various accents and will soon support multiple languages, including Spanish, French, German, Russian, Korean, Malay, Vietnamese, and Mandarin [4] - The HOS integrates with major Electronic Health Record (EHR) systems and adheres to Singapore's National Electronic Health Record standards, facilitating integration with the national healthcare ecosystem [5]

Core Viewpoint - Argent Trust Company declared a cash distribution of $0.503880 per unit for the Sabine Royalty Trust, reflecting increased oil and gas production and a rise in natural gas prices, despite a decrease in oil prices [1][3]. Distribution Details - The cash distribution is payable on April 29, 2025, to unit holders of record on April 15, 2025 [1]. - The distribution is based on oil production for January 2025 and gas production for December 2024, with preliminary production volumes of approximately 102,540 barrels of oil and 1,410,501 Mcf of gas [2]. Production and Pricing Comparison - Current month's production and prices compared to the prior month: - Oil: 102,540 barrels at $44.22 per barrel - Gas: 1,410,501 Mcf at $2.62 per Mcf - Prior month: 45,827 barrels at $69.44 per barrel and 1,044,259 Mcf at $1.86 per Mcf [4]. Revenue Posting and Timing - Revenues are distributed after verification and posting, with most energy companies issuing royalty payments around the 25th of each month [5]. - Approximately $119,000 of revenue received in March will be posted in April, in addition to $180,000 received since the end of March [6]. Regulatory Filings - The 2024 Annual Report on Form 10-K has been filed with the Securities and Exchange Commission, and the Reserve Summary as of December 31, 2024, is available on the Sabine website [7].

Cash Distribution - January 2025 cash distribution declared at $0.448330 per unit, payable on January 29, 2025[2] Production Volumes - Preliminary production volumes: 76,247 barrels of oil and 1,617,815 Mcf of gas[3] - Current month oil production increased to 76,247 bbls from 68,183 bbls in the prior month[4] - Current month gas production increased to 1,617,815 Mcf from 1,536,640 Mcf in the prior month[4] Pricing - Preliminary prices: $67.70 per barrel of oil and $1.61 per Mcf of gas[3] - Average gas price increased to $1.61 per Mcf from $1.39 per Mcf in the prior month[4] - Average oil price decreased to $67.70 per bbl from $71.76 per bbl in the prior month[4] Revenue and Taxes - $259,000 deducted for 2024 Ad Valorem taxes, compared to $223,000 last year[7] - Approximately $232,000 of revenue received in December will be posted in January[6] - $116,000 in revenue received between December close and this press release[6]

Financial Performance - As of December 31, 2024, the Trust's total assets amounted to $9,250,361, a decrease from $9,437,825 in 2023, reflecting a decline of approximately 1.98%[235] - Royalty income for the year ended December 31, 2024, was $82,569,642, down 11.25% from $93,012,044 in 2023[237] - Distributable income for 2024 was $79,642,694, representing a decrease of 11.73% compared to $90,251,235 in 2023[237] - The Trust's cash and short-term investments decreased to $9,169,742 in 2024 from $9,342,423 in 2023, a decline of 1.85%[235] - Total liabilities decreased to $543,429 in 2024 from $878,919 in 2023, a reduction of approximately 38.25%[235] - Distributions to unit holders in 2024 were $79,479,885, down from $93,084,745 in 2023, indicating a decrease of 14.66%[240] - The distributable income per unit for 2024 was $5.46, down from $6.19 in 2023, reflecting a decrease of 11.77%[237] - The Trust's total general and administrative expenses for 2024 amounted to $3.528 million, slightly down from $3.564 million in 2023[271] Asset and Reserve Information - The Trust's corpus at the end of 2024 was $8,706,932, an increase from $8,558,906 in 2023, marking a growth of 1.73%[240] - As of December 31, 2024, the Trust's proved oil reserves increased to 8,872 thousand barrels, and proved gas reserves increased to 64,236 thousand Mcf[275] Royalty Income and Adjustments - Total royalty income for 2024 was $82.569 million, with distributable income of $79.642 million, resulting in a distributable income per unit of $5.46[272] - In the fourth quarter of 2024, royalty income was $19.419 million, and distributable income was $18.572 million, leading to a distributable income per unit of $1.27[272] - Royalty income, net of severance and ad valorem taxes, decreased by $82,570,000 in 2024, compared to a decrease of $93,012,000 in 2023 and $125,749,000 in 2022[280] - Changes in prices, net of related costs, resulted in a decrease of $25,194,000 in 2024, while in 2023, it was a decrease of $121,929,000, and in 2022, an increase of $118,200,000[280] - Revisions of previous estimates and other adjustments contributed $104,784,000 in 2024, compared to $112,627,000 in 2023 and $106,918,000 in 2022[280] Tax and Regulatory Information - The Trust does not engage in foreign currency transactions or hold derivative financial instruments, minimizing exposure to related market risks[222] - The Trust is exempt from Texas franchise tax as a passive entity, benefiting Unit holders by not subjecting the Trust's income to state income tax[281] - Unit holders may have state filing responsibilities in Louisiana, Florida, Mississippi, New Mexico, or Oklahoma, despite the Trust not owing tax in those states[282] - The Trust has filed tax returns for 2022 and 2023 with the States of Oklahoma and New Mexico requesting refunds for withheld taxes[267] Future Projections - The standardized measure of discounted future net cash inflows for 2024 is $280,325,000, an increase from $257,550,000 in 2023 but a decrease from $327,149,000 in 2022[279] - Future net cash inflows for 2024 are projected at $549,340,000, compared to $524,282,000 in 2023 and $657,947,000 in 2022[279] - The discount of future net cash flows at a rate of 10% is $269,015,000 for 2024, up from $226,732,000 in 2023 and down from $330,798,000 in 2022[279] Miscellaneous - The Trust's royalty receipts in suspense pending verification of ownership or title were $231,645 as of December 31, 2024, down from $370,430 in 2023[268] - The Trust's royalty income is recognized in the month received, pending verification of ownership and title, rather than in the month of production[262] - The Trustee has not identified any impairment of assets as of December 31, 2024[259] - The Trust's basic distributable income per unit and distributable income per unit assuming dilution are the same, as there were no equivalent units outstanding[261] - As of February 18, 2025, NYMEX posted oil prices were approximately $72.21 per barrel, compared to the average price of $72.91 per barrel used for calculations[280] - NYMEX posted gas prices as of February 18, 2025, were $6.40 per million British thermal units, significantly higher than the average price of $1.795 per million British thermal units used for calculations[280]

Cash Distribution - The Registrant announced a monthly cash distribution to unitholders of record on October 15, 2024[3] - The press release regarding the cash distribution was issued on October 4, 2024[3] Regulatory Information - The information provided is not deemed "filed" under the Securities Exchange Act of 1934[3] - The report includes a reference to the Securities Act of 1933 and the Securities Exchange Act of 1934[3] Company Classification - The Registrant is not classified as an emerging growth company[2] - The Registrant has not elected to use the extended transition period for new financial accounting standards[2] Report Details - The report was signed by Nancy Willis, Director of Royalty Trust Services, on behalf of Argent Trust Company[4] - The report is being furnished pursuant to Item 2.02, Results of Operations and Financial Condition[3] Company Information - The Registrant's principal executive offices are located in Dallas, Texas[1] - The Registrant's telephone number is 855 588-7839[1]

Cash Distribution - The Registrant announced a monthly cash distribution to unitholders of record on September 16, 2024[2] - The press release regarding the cash distribution was issued on September 6, 2024[2] Financial Reporting - This report is furnished pursuant to Item 2.02, focusing on Results of Operations and Financial Condition[2] - The information provided is not deemed "filed" under the Securities Exchange Act of 1934[2] - The report is signed by Nancy Willis, Director of Royalty Trust Services at Argent Trust Company[4]

Distribution Announcement - Argent Trust Company declared a cash distribution of $0.537640 per unit for the Sabine Royalty Trust, payable on June 28, 2024, to unit holders of record on June 17, 2024 [1] - The distribution reflects oil production for March 2024 and gas production for February 2024, with preliminary production volumes of approximately 75,929 barrels of oil and 1,359,458 Mcf of gas [2] Production and Pricing Analysis - The current month's distribution is lower than the previous month due to a decrease in oil production and a decrease in natural gas prices, although this was partially offset by an increase in oil prices and natural gas production [3] - Current prices are approximately $81.23 per barrel of oil and $2.13 per Mcf of gas, compared to the previous month's prices of $76.02 per barrel of oil and $2.53 per Mcf of gas [7] Revenue Posting and Timing - Revenues are distributed only after they are received, verified, and posted, with most energy companies issuing royalty payments around the 25th of each month [4] - Approximately $244,000 of revenue received in May will be posted in June, in addition to normal cash receipts during June, with about $890,000 in revenue received since the end of May [5]