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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Sabine Royalty Trust
Sabine Royalty Trust (SBR) investor relations material
Sabine Royalty Trust Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary6 Nov, 2026
Executive summary
Q3 2026 distributable income was $19.05M, or $1.31 per unit, down from $24.75M and $1.70 per unit in Q3 2025.
Nine-month distributable income was $52.94M, or $3.63 per unit, versus $60.69M and $4.16 per unit in 9M 2025.
Financial highlights
Q3 royalty income was $19.72M, down ~23% YoY; lower oil and gas production and gas prices were partly offset by higher oil prices.
9M royalty income was $55.60M, down ~12% YoY; lower production and a one-time $0.7M miscellaneous receipt in Q1 2025 were partly offset by higher commodity prices.
Q3 G&A expenses declined to $772,686 from $925,998 YoY; 9M expenses fell to $2.94M from $3.20M.
At September 30, cash and short-term investments were $7.97M; total assets were $8.03M and trust corpus was $7.33M.
Outlook and guidance
Future distributions depend on royalty receipts, which are sensitive to oil and gas prices and production; price movements and future cash distributions are difficult to predict.
As of October 27, NYMEX oil was $103.37/bbl and Henry Hub gas was $2.48/Mcf; these prices may not predict future realized prices.
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Latest events from Sabine Royalty Trust
- Q2 2026 distributable income surged 17% year-over-year on higher oil and gas prices and production.SBR
Q2 2026 - Q1 2026 distributable income dropped 28% year-over-year, driven by lower oil and gas production.SBRQ1 2026
- 2025 distributable income fell 8% as oil prices dropped, but reserve value increased year-over-year.SBRQ4 2025
- Q3 2025 distributable income surged 29% year-over-year to $24.8M, led by higher oil output.SBRQ3 2025
- Distributable income fell 19% year-over-year as lower oil output and prices outweighed higher gas prices.SBRQ2 2025
- Q3 2024 distributable income surged 39% year-over-year on higher oil and gas production.SBRQ3 2024
- Q2 2024 distributable income surged 32% year-over-year on higher oil and gas output and prices.SBRQ2 2024
- Distributable income fell year-over-year as oil and gas prices and production declined.SBRQ1 2025
- February 2025 distribution set at $0.439510 per unit amid lower production but higher prices.SBRQ4 2024
Next Sabine Royalty Trust earnings date
Q1 20275 Feb, 2027
Sabine Royalty Trust
Next Sabine Royalty Trust earnings date
Q1 20275 Feb, 2027
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Frequently asked questions
Sabine Royalty Trust is a publicly traded trust that holds royalty and mineral interests in various producing oil and gas properties across the United States. These interests include landowner’s royalties, overriding royalty interests, mineral rights, production payments, and similar non-participatory interests. The trust’s assets are primarily located in states such as Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas. The company is headquartered in Dallas, Texas, and its shares are listed on the NYSE.