Sabine Royalty Trust reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 14.49 million compared to USD 40.06 million a year ago. Net income was USD 13.73 million compared to USD 39.09 million a year ago. Basic earnings per share from continuing operations was USD 0.94 compared to USD 2.68 a year ago.
For the nine months, revenue was USD 59.46 million compared to USD 92.03 million a year ago. Net income was USD 56.7 million compared to USD 89.41 million a year ago. Basic earnings per share from continuing operations was USD 3.89 compared to USD 6.13 a year ago.