Sabine Royalty Trust (SBR)
Distributes cash from U.S. oil and gas royalty interests.
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Converts receipts from a fixed portfolio of U.S. oil and gas royalty and mineral interests into cash distributions for unit holders. As a passive trust, it does not operate wells, fund development, or acquire replacement properties, leaving income tied to third-party production and commodity prices.
Converts cash proceeds from a fixed portfolio of oil, natural-gas, natural-gas-liquid, and mineral royalty interests into monthly distributions to unit holders. The portfolio spans oil and gas properties across six states, while third-party operators drill, maintain, and sell production.
Works as a passive royalty owner rather than a producer: it pays no production costs and does not fund wells or make capital projects. Argent Trust Company collects proceeds, pays administration and other permitted expenses, maintains reserves, reports to holders, and distributes available cash.
Cannot acquire replacement properties, direct operators, or choose development activity. Receipts depend on production volumes, commodity prices, third-party operators and purchasers, taxes, liabilities, and trustee-set reserves; the royalty properties are finite and depleting.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $9.7M · Total debt $0 · Total assets $9.7M · Shareholders' equity $8.4M
- Revenue
- $21.7M
- Operating income
- $20.7M
- Net income
- $20.8M
HistoryDividendAnnual yield
| Institutions | 18.17% | 2.65M shares | |
|---|---|---|---|
| 149 holders · as of Jun 30, 2026 | |||
| Insiders | 6.45% | 939.7K shares | |
| 1 holder · as of Apr 7, 2022 | |||
| Other | 75.38% | 10.99M shares | |
| remainder | |||
14.58M company shares as of Aug 24, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Fayez SarofimInsider | 6.45% | 939,690 | filed Apr 7, 2022 |
Americana Partners, LLCInstitution | 2.03% | 295,755 | as of Jun 30, 2026 |
Beacon Pointe Advisors, LLCInstitution | 1.73% | 252,353 | as of Jun 30, 2026 |
Prospera Financial Services IncInstitution | 1.24% | 180,835 | as of Jun 30, 2026 |
King Luther Capital Management CorpInstitution | 0.98% | 143,555 | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Black Stone Minerals
Large U.S. mineral and royalty portfolio across core oil and gas basins.
- Dorchester Minerals
Broad U.S. oil-and-gas mineral and royalty income alongside fixed trusts.
- Permian Basin Royalty Trust
Direct Permian and Texas royalty-income peer with a passive trust structure.
- Cross Timbers Royalty Trust
Texas, Oklahoma, and New Mexico net-profits exposure mirrors core acreage.
- Marine Petroleum Trust
Offshore Texas oil-and-gas royalty exposure for income-focused trust units.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sabine Royalty Trust | $72.40 | +0.05% | $1.06B | 14.8 | — | 14.1 | +16.7% |
| Black Stone Minerals | $14.83 | +0.47% | $3.14B | 12.2 | 14.2 | 6.5 | +39.6% |
| Dorchester Minerals | $29.32 | +0.75% | $1.40B | 16.1 | — | 7.3 | +73.1% |
| Permian Basin Royalty Trust | $33.09 | +0.18% | $1.54B | 94.3 | — | 87.0 | +34.4% |
| Cross Timbers Royalty Trust | $12.15 | −0.78% | $73.4M | 23.6 | — | 17.1 | −14.8% |
| Marine Petroleum Trust | $4.46 | +0.22% | $8.9M | 14.2 | — | 9.3 | −30.1% |
| Median | 16.1 | 14.2 | 9.3 | +34.4% |