Sabine Royalty Trust
Distributes cash from U.S. oil and gas royalty interests.
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Profile
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
Key statistics
Year to date +6.9% · Average volume (30d) 37.9K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 7, 2026Q2 FY26 | — | $1.43 | — | — | $21.7M | — | +0.78% |
| May 8, 2026Q1 FY26 | — | $0.89 | — | — | $23.9M | — | −0.24% |
| Feb 26, 2026 | — | $0.88 | — | — | $13.6M | — | −0.01% |
| Nov 7, 2025 | — | $1.70 | — | — | $25.5M | — | +0.26% |
Financial highlights
| 2 quarters | — | — | — | — | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | $14.3M | $21.7M | |
| Gross profit | — | — | — | — | $14.3M | $21.7M | |
| Operating income | — | — | — | — | $13.0M | $20.7M | |
| Net income | — | — | — | — | $13.0M | $20.8M | |
| Diluted EPS | — | — | — | — | $0.89 | $1.43 | |
| Gross margin | — | — | — | — | 100.0% | 100.0% | |
| Operating margin | — | — | — | — | 91.4% | 95.6% |
Balance sheet, Jun 30, 2026Cash & short-term investments $9.7M · Total debt $0 · Total assets $9.7M · Shareholders' equity $8.4M
Dividends
Last raised to $0.6194 from $0.4292 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 17, 2026 | Aug 17 | Aug 31 | $0.6194 | raised from $0.4292 |
| Jul 15, 2026 | Jul 15 | Jul 29 | $0.4292 | cut from $0.503 |
| Jun 15, 2026 | Jun 15 | Jun 29 | $0.503 | raised from $0.4979 |
| May 15, 2026 | May 15 | May 29 | $0.4979 | raised from $0.325 |
| Apr 15, 2026 | Apr 15 | Apr 29 | $0.325 | raised from $0.2862 |
| Mar 16, 2026 | Mar 16 | Mar 30 | $0.2862 | raised from $0.2834 |
| Feb 17, 2026 | Feb 17 | Feb 27 | $0.2834 | cut from $0.3216 |
| Jan 15, 2026 | Jan 15 | Jan 29 | $0.3216 | raised from $0.1967 |
Ownership
Shares outstanding 14.58M · Float 14.01M · 96.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Americana Partners, LLC | 295.8K | 2.03% | 13F | Aug 5, 2026 |
| Beacon Pointe Advisors, LLC | 252.4K | 1.73% | 13F | Aug 18, 2026 |
| Prospera Financial Services Inc | 180.8K | 1.24% | 13F | Jul 15, 2026 |
| King Luther Capital Management Corp | 143.6K | 0.98% | 13F | Aug 10, 2026 |
| Horizon Kinetics Asset Management LLC | 111.8K | 0.77% | 13F | Aug 11, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- 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.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sabine Royalty Trust | $74.85 | −0.22% | $1.09B | 15.3 | — | 14.5 | +16.7% |
| Black Stone Minerals | $14.75 | 0.00% | $3.13B | 12.2 | 14.1 | 6.5 | +39.6% |
| Dorchester Minerals | $28.58 | −0.51% | $1.38B | 15.8 | — | 7.2 | +73.1% |
| Permian Basin Royalty Trust | $33.82 | −0.12% | $1.58B | 97.3 | — | 89.1 | +34.4% |
| Cross Timbers Royalty Trust | $10.42 | −0.71% | $62.5M | 19.7 | — | 14.6 | −14.8% |
| Marine Petroleum Trust | $4.55 | +2.25% | $8.7M | 13.9 | — | 9.1 | −30.1% |
| Median | 15.8 | 14.1 | 9.1 | +34.4% |