DALLAS (AP) _ Sabine Royalty Trust (SBR) on Thursday reported first-quarter net income of $10.4 million.

On a per-share basis, the Dallas-based company said it had profit of 71 cents.

The oil and gas property investor posted revenue of $11.3 million in the period.

Sabine Royalty shares have declined 35% since the beginning of the year. The stock has dropped 45% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SBR at https://www.zacks.com/ap/SBR

Automated Insights, source Associated Press News