Sabine Royalty Trust filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 6, 2026, reporting distributable income of $1.31 per unit for the third quarter.

Key Highlights

  • Q3 2026 distributable income: $19,048,841, or $1.31 per unit, compared with $24,752,168, or $1.70 per unit, in Q3 2025.
  • Q3 2026 royalty income: $19,719,377, down from $25,522,605 in the prior-year quarter.
  • Nine-month distributable income: $52,940,157, or $3.63 per unit, versus $60,687,646, or $4.16 per unit, for the nine months ended September 30, 2025.
  • Q3 2026 distributions paid: $20,123,288, or $1.38 per unit, compared with $24,417,050, or $1.67 per unit, in Q3 2025.
  • Total assets at September 30, 2026: $8,028,946, with cash and short-term investments of $7,966,624.
  • Units outstanding: 14,579,345 units of beneficial interest authorized and outstanding.

Sabine Royalty Trust Reports Lower Royalty Income and Distributions for Third Quarter 2026

According to the filing, Sabine Royalty Trust (NYSE:SBR) reported total royalty income of $19,719,377 for the three months ended September 30, 2026, a decline from $25,522,605 in the same quarter of 2025. Interest income for the quarter was $102,150, down from $155,561 a year earlier. After general and administrative expenses of $772,686, the Trust reported distributable income of $19,048,841, or $1.31 per unit, compared with $24,752,168, or $1.70 per unit, for Q3 2025.

For the nine months ended September 30, 2026, the Trust disclosed royalty income of $55,600,563 versus $63,500,741 in the prior-year period. Nine-month distributable income totaled $52,940,157, or $3.63 per unit, against $60,687,646, or $4.16 per unit, for the nine months ended September 30, 2025. General and administrative expenses for the nine-month period were $2,940,072, compared with $3,195,346 a year earlier. The filing noted that "the distributable income for such interim periods is not necessarily indicative of the distributable income for the full year."

The Trust's condensed statement of assets, liabilities, and trust corpus showed total assets of $8,028,946 at September 30, 2026, compared with $7,643,865 at December 31, 2025. Cash and short-term investments stood at $7,966,624. Royalty interests in oil and gas properties, net of accumulated amortization of $22,332,863, were carried at $62,322. Trust corpus at September 30, 2026 was $7,334,607. The Trust holds royalty and mineral interests in producing oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas, according to the filing. Argent Trust Company serves as trustee.

What Was Disclosed

Sabine Royalty Trust disclosed its unaudited financial results for the three and nine months ended September 30, 2026, showing lower royalty income, distributable income, and distributions per unit compared with the same periods in 2025, alongside a summary of trust assets and liabilities.