Sign in

SBR on NYSE

SABINE ROYALTY TRUST

SABINE ROYALTY TRUST is an American oil royalty traders company, incorporated in Texas.1 It is headquartered in Dallas, Texas.1 Its shares trade on NYSE under the symbol SBR.1

Price unavailable

Last updated Oct 21, 2026.

Overview

Compare with another stock.

  • TickerSBR on NYSE1
  • IndustryOil Royalty Traders1
  • HeadquartersDallas, Texas1
  • Incorporated inTX2
  • Business addressC/O Argent Trust Company, 3838 Oak Lawn Ave., Suite 1720, Dallas, Tx 75219-45182

See how the biggest companies compare on our leaderboards

Sabine Royalty Trust (the “Trust”) is an express trust formed under the laws of the State of Texas by the Sabine Corporation Royalty Trust Agreement (as amended, the “Trust Agreement”) made and entered into effective as of December 31, 1982, between Sabine Corporation (“Sabine Corporation”), as trustor, and InterFirst Bank Dallas, N.A. (“InterFirst”), as trustee. The current trustee of the Trust is Argent Trust Company, a Tennessee chartered trust company (“Argent”). In accordance with the successor trustee provisions of the Trust Agreement, Argent, as trustee of the Trust (the “Trustee”) is subject to all terms and conditions of the Trust Agreement. The principal office of the Trust (sometimes referred to herein as the “Registrant”) is located at 3838 Oak Lawn Avenue, Suite 1720, Dallas, Texas, 75219. The telephone number of the Trust is 1-855-588-7839.3 From its latest annual report

Corporate structure

SABINE ROYALTY TRUST sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of SABINE ROYALTY TRUST

  • SABINE ROYALTY TRUST Dallas, Texas

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What SABINE ROYALTY TRUST reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Properties, in its own words

The assets of the Registrant consist principally of the Royalty Properties, which constitute interests in gross production of oil, gas and other minerals free of the costs of production. The Royalty Properties consist of royalty and mineral interests, including landowner’s royalties, overriding royalty interests, minerals (other than executive rights, bonuses and delay rentals), production payments and any other similar, nonparticipatory interest, in certain producing and proved undeveloped oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma and Texas. These properties are represented by approximately 5,400 tracts of land. Approximately 2,950 of the tracts are in Oklahoma, 1,750 in Texas, 330 in Louisiana, 200 in New Mexico, 150 in Mississippi and 12 in Florida.

The following table summarizes total developed and proved undeveloped acreage represented by the Royalty Properties at December 31, 2025. For changes in proved reserves, see Part II, Item 8 “Financial Statements - Notes to Financial Statements - Note 8 Supplemental Oil and Gas Information (Unaudited)”.

The rest of Item 2

Mineral and Royalty

State · Gross Acres · Net Acres

Florida · 5,448 · 697

Louisiana · 244,391 · 23,682

Mississippi · 75,489 · 9,713

New Mexico · 112,294 · 9,141

Oklahoma · 381,538 · 67,558

Texas · 1,273,132 · 105,760

Total · 2,092,292 · 216,551

Detailed information concerning the number of wells on Royalty Properties is not generally available to the owner of royalty interests. Consequently, the Registrant does not have information that would be disclosed by a company with oil and gas operations, such as an accurate count of the number of wells located on the Royalty Properties, the number of exploratory or development wells drilled on the Royalty Properties during the periods presented by this report, or the number of wells in process or other present activities on the Royalty Properties, and the Registrant cannot readily obtain such information.

The Trust owns minerals in six states – Texas, Oklahoma, Louisiana, Mississippi, New Mexico and Florida. This gives the Trust exposure within a number of producing basins. The chart below gives the approximate net and gross acres that the Trust owns in the most prominent producing basins within its footprint.

This broad exposure means that the Trust minerals are currently producing and under lease in virtually every major active play within these basins. In the Texas Gulf Coast, these plays include the Eagle Ford and Austin Chalk. In the East Texas Basin, active plays include the Travis Peak, Bossier and Haynesville. The Mississippi Salt Basin has not been as active in recent years, but there is still active production from the Hosston. The Anadarko Basin has seen extensive drilling in the Woodford and Mississippian formations in the STACK, SCOOP and MERGE areas. Additional drilling is taking place in the tight gas sands of western Oklahoma and the Texas panhandle. The Arkoma Basin also has Woodford production. A primary area of focus for the industry has been the Permian Basin. Multiple plays are present with some of the more active being the Spraberry, Bone Spring and Wolfcamp formations.

The following table summarizes the gross/net acreage by basin represented by the Royalty Properties at December 31, 2025.

Acreage by Basin

Basin · Gross Acres · Net Acres

Permian · 909,808 · 43,300

Anadarko · 275,200 · 59,300

Gulf Coast · 364,500 · 34,800

East Texas · 116,000 · 33,500

Arkoma · 92,200 · 18,600

Mississippi Salt · 71,500 · 9,300

Various Others · 263,084 · 17,751

Total · 2,092,292 · 216,551

Title

The conveyances of the Royalty Properties to the Trust covered the royalty and mineral properties located in the six states that were vested in Sabine Corporation on the effective date of the conveyances and that were subject to existing oil, gas and other mineral leases other than properties specifically excluded in the conveyances. Since Sabine Corporation may not have had available to it as a royalty owner information as to whether specific lands in which it owned a royalty interest were subject to an existing lease, minimal amounts of nonproducing royalty properties may also have been conveyed to the Trust. Sabine Corporation did not warrant title to the Royalty Properties either expressly or by implication.

Reserves

The Registrant has obtained from DeGolyer and MacNaughton, independent petroleum engineering consultants, a study of the proved oil and gas reserves attributable as of December 31, 2025 to the Royalty Properties. The following letter report summarizes such reserve study and sets forth information as to the assumptions, qualifications, procedures and other matters relating to such reserve study. Because the only assets of the Trust are the Royalty Properties, the Trustee believes the reserve study provides useful information for Unit holders. There are many uncertainties inherent in estimating quantities and values of proved reserves and in projecting future rates of production. The reserve data set forth herein, although prepared by independent petroleum engineers in a manner customary in the industry, are estimates only, and actual quantities and values of oil and gas are likely to differ from the estimated amounts set forth herein. In addition, the reserve estimates for the Royalty Properties will be affected by future changes in sales prices for oil and gas produced. See Part II Item 8 “Financial Statements - Notes to Financial Statements - Note 8 Supplemental Oil and Gas Information (Unaudited)” hereof for additional unaudited information regarding the proved oil and gas reserves of the Trust. Other than those filed with the SEC, our estimated reserves have not been filed with or included in any reports to any federal agency.

Item 2 of the 10-K filed Feb 27, 2026.3

Timeline

  1. Oct 5, 20268-K Results of operations4
  2. Sep 4, 20268-K Results of operations5
  3. Aug 7, 20268-K Results of operations6
  4. Jul 2, 20268-K Results of operations7
  5. Jun 5, 20268-K Results of operations8
  6. May 5, 20268-K Results of operations9
  7. Apr 2, 20268-K Results of operations10
  8. Mar 6, 20268-K Results of operations11
  9. Feb 6, 20268-K Results of operations12
  10. Jan 5, 20268-K Results of operations13
  11. Dec 5, 20258-K Results of operations14
  12. Nov 7, 20258-K Results of operations15

Calendar

Coming up

  1. Nov 6, 2026Reports results for the quarter ending Sep/202616

When it reported results

  1. Oct 5, 2026Reported quarterly or annual results4
  2. Sep 4, 2026Reported quarterly or annual results5
  3. Aug 7, 2026Reported quarterly or annual results6
  4. Jul 2, 2026Reported quarterly or annual results7
  5. Jun 5, 2026Reported quarterly or annual results8
  6. May 5, 2026Reported quarterly or annual results9
  7. Apr 2, 2026Reported quarterly or annual results10
  8. Mar 6, 2026Reported quarterly or annual results11

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

94 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 64 major events, 4 large holders, 5 other. The latest 20:

  1. Oct 5, 20268-K EDGAR
  2. Sep 4, 20268-K EDGAR
  3. Aug 7, 202610-Q EDGAR
  4. Aug 7, 20268-K EDGAR
  5. Jul 2, 20268-K EDGAR
  6. Jun 5, 20268-K EDGAR
  7. May 8, 202610-Q EDGAR
  8. May 5, 20268-K EDGAR
  9. Apr 2, 20268-K EDGAR
  10. Mar 6, 20268-K EDGAR
  11. Feb 27, 202610-K EDGAR
  12. Feb 6, 20268-K EDGAR
  13. Jan 5, 20268-K EDGAR
  14. Dec 5, 20258-K EDGAR
  15. Nov 14, 202510-Q/A EDGAR
  16. Nov 7, 202510-Q EDGAR
  17. Nov 7, 20258-K EDGAR
  18. Oct 3, 20258-K EDGAR
  19. Sep 5, 20258-K EDGAR
  20. Aug 8, 202510-Q EDGAR

The 94 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Americana Partners, LLC295,755$21.6M0.5%+17,474
Beacon Pointe Advisors, LLC252,353$18.5M0.1%+30,386
Prospera Financial Services Inc180,835$13.2M0.2%+2,534
King Luther Capital Management Corp143,555$10.5M0.0%No change
Horizon Kinetics Asset Management LLC111,796$8.2M0.1%+646
Two Sigma Investments, LP87,436$6.4M0.0%+38,075
Fayez Sarofim & Co81,346$6.0M0.0%No change
Ashton Thomas Private Wealth, LLC75,578$5.5M0.1%−31,061
CWA Asset Management Group, LLC70,788$5.2M0.2%New
Howard Financial Services, Ltd.68,187$5.0M0.5%+105
Morgan Stanley66,454$4.9M0.0%−68,810
Uniplan Investment Counsel, Inc.48,207$3.5M0.3%+9,062
Citadel Advisors LLC38,259$2.8M0.0%+3,464
SCS Capital Management LLC32,614$2.4M0.0%+1,499
Moody National Bank Trust Division31,896$2.3M0.2%−3,289
Commonwealth Equity Services, LLC28,320$2.1M0.0%−3,196
LPL Financial LLC28,276$2.1M0.0%+1,457
Chilton Capital Management LLC27,698$2.0M0.1%−3,398
Bank Of America Corp /de/26,637$1.9M0.0%+1,304
Significant Wealth Partners LLC26,624$1.9M2.1%+414
Blue Trust, Inc.25,055$1.8M0.0%No change
Mraz, Amerine & Associates, Inc.23,325$1.7M0.2%No change
Greenfield Seitz Capital Management, LLC23,100$1.7M0.5%No change
Concurrent Investment Advisors, LLC22,951$1.7M0.0%−530
Qube Research & Technologies Ltd22,367$1.6M0.0%−2,691

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How SABINE ROYALTY TRUST is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSABINE ROYALTY TRUST1
  • CIK0000710752
  • Employer ID (EIN)75-62971431
  • Incorporated inTexas1
  • Fiscal year endsDecember 311
  • Industry code (SIC)6792 Oil Royalty Traders1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business addressC/O Argent Trust Company, 3838 Oak Lawn Ave., Suite 1720, Dallas, TX 75219-45181
  • Phone972-919-13601
  • On EDGAR sinceApr 14, 19941
  • Filings461 in all: 8-K (294), 10-Q (95), 10-K (25), 425 (11), DEFA14A (7), SC 13D/A (7), SC 13G/A (7), 10-K405 (6)1
    All 14 form types

    10-Q/A (2), DEF 14A (2), PRE 14A (2), 10-K/A (1), NT 10-K (1), SC 13G (1)

  • Latest filingsAnnual report (10-K) Feb 27, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Feb 9, 2022
    Latest 8-K (8-K) Oct 5, 2026

Risk factors and legal proceedings

The risks SABINE ROYALTY TRUST names in Item 1A of its 10-K filed Feb 27, 2026: 17 risks under these headings, as written.3

  • Crude oil and natural gas prices are volatile and fluctuate in response to a number of factors; Lower prices could reduce the net proceeds payable to the Trust and Trust distributions.
  • Trust reserve estimates depend on many assumptions that may prove to be inaccurate, which could cause both estimated reserves and estimated future net revenues to be too high, leading to write-downs of estimated reserves.
  • The assets of the Trust are depleting assets and, if the operators developing the Royalty Properties do not perform additional development projects, the assets may deplete faster than expected. Eventually, the assets of the Trust will cease to produce in commercial quantities and the Trust will cease to receive proceeds from such assets. In addition, a reduction in depletion tax benefits may reduce the market value of the Units.
  • The market price for the Units may not reflect the value of the royalty interests held by the Trust.
  • Terrorism, continued hostilities in Eastern Europe and the Middle East or other military campaigns could decrease Trust distributions or the market price of the Units.
  • Government action, policies or regulations designed to discourage production of, reduce demand for, or promote alternatives to oil and natural gas could impact the price of oil and natural gas produced on the Royalty Properties, directly as intended or through unintended consequences.
  • The Trustee may be subject to attempted cybersecurity disruptions from a variety of sources including state-sponsored actors.
  • Future royalty income may be subject to risks related to the creditworthiness of third parties.
  • Unit holders and the Trustee have no influence over the operations on, or future development of, the Royalty Properties.
  • The Units may lose value and cash available for distribution may be reduced as a result of title deficiencies with respect to the Royalty Properties.
  • The operator developing any Royalty Property may abandon the property, thereby terminating the royalties payable to the Trust.
  • The Royalty Properties can be sold and the Trust would be terminated.
The other 5 risks
  • Unit holders have limited voting rights and have limited ability to enforce the Trust’s rights against the current or future operators developing the Royalty Properties.
  • Financial information of the Trust is not prepared in accordance with GAAP.
  • The limited liability of the Unit holders is uncertain.
  • The tax treatment of an investment in Trust Units could be affected by recent and potential legislative changes, possibly on a retroactive basis.
  • Pandemics or other public health concerns, such as COVID-19, or the novel coronavirus, and any measures taken to mitigate the impact of such health concerns, could have an adverse effect on the demand for oil and gas and the business and operations of the operators of the Royalty Properties, which in turn could have an adverse effect on Trust distributions.

Legal proceedings

Certain of the Royalty Properties are involved in various lawsuits and governmental proceedings from time to time arising in the ordinary course of business; however, there are no material pending legal proceedings to which the Registrant is a party or of which any of its property is the subject.

The opening of Item 3, Legal Proceedings.3

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18