Every 10-Q that Sabine Royalty Trust (SBR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SBR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SBR filings page.
Sabine Royalty Trust reported higher distributable income for the quarter ended June 30, 2026, driven by stronger commodity prices and volumes. Royalty income for the quarter was $21,689,562, up about 17% from a year earlier, producing distributable income of $20,849,020, or $1.43 per unit, versus $1.22 in 2025.
For the first six months of 2026, royalty income was $35,881,186 and distributable income was $33,891,316, or $2.32 per unit, modestly below $35,935,478 and $2.46 per unit in the prior-year period as lower oil and gas production and a prior one-time receipt more than offset higher prices.
Cash and short-term investments totaled $9,682,365 and trust corpus was $8,411,714 at June 30, 2026. The Trust holds only non-operating royalty interests, carries no long-term debt, and remains highly sensitive to changes in oil and natural gas prices.
Sabine Royalty Trust’s first-quarter 2026 distributable income was $13.0 million, or $0.89 per unit on 14,579,345 units, down from $18.1 million, or $1.24 per unit, a year earlier. Royalty income fell to $14.2 million from $19.4 million, mainly due to lower oil and gas production volumes, lower miscellaneous and settlement income, and weaker oil prices, partly offset by higher natural gas prices and reduced operating costs and taxes.
Compared with the prior quarter, royalty income rose about 5% on stronger gas pricing and lower operating expenses despite lower volumes and oil prices. General and administrative expenses declined year over year to $1.22 million, helped by lower trustee, professional, and unitholder service costs. Cash and short-term investments increased to $8.26 million from $7.57 million at year-end 2025, and the trustee reports no known adverse contingencies.
Subsequent to March 31, 2026, the Trust declared April and May distributions of $0.324970 and $0.497900 per unit, respectively, continuing its pattern of monthly cash payments funded by royalty receipts and short-term investments.
Sabine Royalty Trust filed Amendment No. 1 to its quarterly report to correct a technical header error, changing the filing period to September 30, 2025; no other disclosures were modified.
For the quarter, distributable income was $24,752,168, or $1.70 per unit, on royalty income of $25,522,605 and interest income of $155,561, offset by $925,998 of general and administrative expenses. Royalty income rose 29% versus Q3 2024, driven by higher oil production and higher natural gas prices, partly offset by lower oil prices and lower gas volumes.
Year-to-date through September 30, 2025, distributable income was $60,687,646 (or $4.16 per unit). Units outstanding were 14,579,345. Subsequent distributions were declared at $0.368910 per unit (record date October 15, 2025) and $0.356720 per unit (record date November 17, 2025). Average realized Q3 prices were $68.33 per Bbl for oil and $2.60 per Mcf for gas, with production of 268,602 Bbls and 3,568,824 Mcf, respectively.
Sabine Royalty Trust reported higher Q3 results driven by stronger volumes and gas pricing. Distributable income for the three months ended September 30, 2025 was $24,752,168, or $1.70 per unit, up from $19,070,466, or $1.31 per unit, a year ago. Royalty income rose to $25,522,605, reflecting increased oil production and higher natural gas prices, partly offset by lower oil prices and lower gas volumes.
Quarterly production totaled 268,602 Bbls of oil and 3,568,824 Mcf of gas. Average realized prices were $68.33 per Bbl (vs. $77.55) and $2.60 per Mcf (vs. $1.52). General and administrative expenses were $925,998. For the nine months, distributable income was $60,687,646, or $4.16 per unit, versus $61,070,890, or $4.19 per unit, last year.
Total assets were $8,292,140 as of September 30, 2025, with trust corpus of $7,539,318. The Trust declared subsequent distributions of $0.368910 per unit (paid October 29, 2025) and $0.356720 per unit (paid November 28, 2025).
Sabine Royalty Trust (SBR) 10-Q for quarter ended June 30, 2025. The Trust reports total assets of $7.96M at June 30, 2025, down from $9.25M at Dec 31, 2024, driven by lower cash and trust corpus.
Cash and short-term investments were $7.889M. Trust corpus totaled $7.208M versus $8.707M at Dec 31, 2024. Three months ended June 30, 2025 distributable income was $17.789M ($1.22/unit) versus $22.079M ($1.51/unit) in Q2 2024. Six-month distributable income was $35.935M ($2.46/unit) versus $42.000M ($2.88/unit) year-ago.
Royalty income for Q2 2025 was $18.584M (Q2 2024: $22.607M). Oil production and prices declined (oil volume Q2 2025: 155,573 bbls, avg price $68.17/bbl vs Q2 2024 220,438 bbls, $78.89/bbl); gas volumes fell and realized gas price rose (Q2 gas 3,046,325 Mcf, avg $3.26/Mcf vs Q2 2024 $1.99/Mcf). General and administrative expenses increased, driven by higher Trustee/Escrow/bonus fees. Trustee concluded disclosure controls are effective and no material change to risk factors was reported.