Sabine Royalty Trust reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 17.59 million compared to USD 28.04 million a year ago. Net income was USD 16.7 million compared to USD 27.31 million a year ago. Basic earnings per share from continuing operations was USD 1.15 compared to USD 1.87 a year ago.
For the six months, revenue was USD 44.97 million compared to USD 51.97 million a year ago. Net income was USD 42.98 million compared to USD 50.32 million a year ago. Basic earnings per share from continuing operations was USD 2.95 compared to USD 3.45 a year ago.