Sabine Royalty Trust
SBR
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Nancy G. Willis
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- Simmons Bank Dallas TX United States of America 75219
- IPO Date
- Jan 3, 1983
- CIK
- 0000710752
- Website
- sbr-sabine.com
- Similar Companies
- Business
- Sabine Royalty Trust (NYSE: SBR) is an express trust that holds royalty and mineral interests in producing and proved undeveloped oil and gas properties located primarily in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas. The Trust's core assets consist of landowner's royalties, overriding royalty interests, minerals (excluding executive rights, bonuses, and delay rentals), production payments, and other similar non-participatory interests conveyed from Sabine Corporation, effective for production from January 1, 1983; these Royalty Properties represent the Trust's sole operating assets beyond cash reserves for expenses, liabilities, and distributions to unitholders. The Trust generates revenue through royalties on oil sales (approximately 54% of total) and natural gas sales (approximately 46%), with distributions tied directly to production volumes, commodity prices, and operator performance across a diversified base of multiple properties and operators. Established on December 31, 1982, by Sabine Corporation as trustor—with InterFirst Bank Dallas, N.A. as the original trustee—the Trust is headquartered in Dallas, Texas, at 3838 Oak Lawn Avenue, Suite 1720, and currently administered by Argent Trust Company as trustee. It operates passively as a pass-through vehicle in the oil and gas midstream sector, targeting income-seeking investors with minimal operating costs, no debt, and a static asset portfolio that prohibits additions to properties; unitholders bear direct tax responsibilities on distributed royalty income. Recent developments include sustained royalty income growth, with third-quarter 2025 income rising 29% year-over-year to reflect higher production and pricing, following a 30% increase in the second quarter of 2024; the Trust reported total 2024 royalty income of $94.3 million and first-quarter 2025 oil production growth of 22%. In March 2025, the Trust received a $400,000 settlement from TGNR East Texas II for unpaid royalties on Panola County, Texas wells, alongside ongoing monthly cash distributions—such as $0.503880 per unit in April 2025 and announcements through December 2025—supported by additional revenue postings. The stock achieved a 52-week high of $77.5 in September 2025, yielding a 37.9% annual return and maintaining a 9.1% dividend yield with 43 consecutive years of payments, amid favorable energy market conditions.