Get Paid Monthly By Sabine Royalty Trust
U.S. stocks have been pulling back recently on increased volatility in the Middle East with Brent crude above $90 per barrel and West Texas Intermediate over $85 per barrel. Investors were also concerned the Federal Reserve would increase interest rates in when met in mid September to combat stubbornly high inflation. And we now know that is has.
Not all sectors are retreating though. Energy continues to be the hottest sector both year to date (+37%) and on an annual basis (+38%). One corner of the Energy sector attracting increased attention are domestic suppliers of crude. Why look to unstable, unreliable areas of the world for crude, especially the Middle East, when we have reliable, safe domestic suppliers like Sabine Royalty Trust (NYSE:SBR).
About Sabine Royalty Trust
Dallas, Texas-based Sabine Royalty Trust is an oil and gas trust that has royalty and mineral interests in producing and undeveloped oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma and Texas. (Source: “About Us,” Sabine Royalty Trust, last accessed September 1, 2026.)
That means that it has no real operations or capital expenses. It was formed in 1982 by Sabine Corporation and, as a trust, Sabine Royalty is primarily used as a flow through entity for royalties. Virtually all of the royalty income it receives gets passed onto unit holders. What that also means is it isn’t exploring for or investing in new wells.
When the Trust was formed in 1982 it had estimated reserves of approximately 9 million barrels of oil and 62 billion cubic feet of gas. At that time, the Trust was expected to have a life span of 9 to 10 years and be fully depleted by 1993.
That clearly didn’t happen.
Since then, the Trust has produced more than 25.0 million barrels of oil and 79.6 billion cubic feet of gas. This has resulted in the Trust paying out roughly $1.83 billion to Unit holders over the years
With current reserve estimates total liquids of 9.3 million barrels of oil and 60.7 billion cubic feet of gas remaining, it could be estimated that the Trust still has a life span of 8 to 10 years. (Source: “2025 Annual Report and Form-10K,” United States Securities And Exchange Commission, February 13, 2026.)
Announces August Cash Distribution of $0.619/Unit
Sabine Royalty’s monthly results are directly impacted by supply and demand and the price of oil and gas. As a result, the monthly results and distributions change from month to month.
For the month of August, Sabine Royalty declared a monthly cash distribution of $0.619430 per unit, or $4.77 per unit on an annual basis, for a forward annual dividend yield of 6.5%. That’s more than twice the current inflation rate. (Source: “SABINE ROYALTY TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION FOR AUGUST 2026,” Sabine Royalty Trust, August 7, 2026.)
The payout is also up significantly from the $0.429 it paid out in July. August’s distribution is higher than the previous month’s mainly due to an increase in oil and natural gas production along with higher oil pricing.
The distribution reflects the oil production from May 2026 and gas production rom April 2026, which, the company considers to be “current production.”
During the production period, the company generated 72,119 barrels of oil at $98.43 per barrel and 1.40 million cubic feet (Mcf) of gas at $2.21 per Mcf of gas.
In the prior month, it announced oil production of 54,139 barrels of oil at $87.11 per barrel and 1.07 Mcf of gas at $2.41 per Mcf of gas, resulting in an April payout of $0.429150 per unit.
As expected, the distribution changes from year-to-year too.
| Year | Distribution |
| 2025 | $5.16 |
| 2024 | $5.45 |
| 2023 | $6.38 |
| 2022 | $8.61 |
| 2021 | $3.21 |
So far this year Sabine Royalty has distributed $3.26 per unit. (Source: “Cash Distributions,” Sabine Royalty Trust, last accessed May 26, 2026.)
Getting paid monthly is a great way to help ride out market volatility. And while there is a lot of uncertainty out there right now, SBR units are doing well. As of this August 31 writing, SBR units are up 15% year to date and 8.5% on an annual basis.
Currently trading hands at $75.19 per unit, SBR units have a lot of upside. It hit a record high of $91.10 in January 2023.
Chart courtesy of StockCharts.com
The Lowdown on Sabine Royalty Trust
Sabine Royalty Trust is an oil and gas midstream company with a reliable monthly dividend. As long as oil and gas is coming out of the ground, unitholders will get paid. Just like they did during the 2020 health crisis. In fact, it hasn’t missed a payout since 2005. Most recently, in August it increased its monthly payout to $0.619 per unit.
There is growing optimism for Sabine Royalty on Wall Street. When I looked at the trust back in May 2025 there were 129 institutional holders, in May 2026 it had 166, and today that number stands at 168. Some of the biggest holders include Americana Partners, LLC, Two Sigma Investments, LP and Beacon Pointe Advisors, LLC. (Source: “Sabine Royalty Trust (SBR),” Yahoo! Finance, last accessed August 31, 2026.)