Friday 6 November 2026
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Sabine Royalty Trust
SBR Energy Oil & Gas Midstream
Sabine Royalty Trust’s revenue for fiscal 2025 (year ended December 2025) was $77.5 million, down 6.78% from fiscal 2024.
- Revenue
- +16.5%
- EPS
- +17.2%
Quarter to June 2026, against a year earlier
66.12
0.26
+0.39%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 30 | 37 | 53 | 47 | 36 | 61 | 126 | 94 | 83 | 78 | 75 | +11.1% | — | — | — | — | |
| Gross margin, % | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 0.0 pt | ||||||
| EBT | 27 | 35 | 50 | 44 | 33 | 58 | 123 | 90 | 80 | 73 | 71 | +11.5% | ||||||
| EBT margin, % | 91.49 | 93.35 | 95.05 | 93.91 | 91.59 | 94.99 | 97.39 | 96.20 | 95.76 | 94.72 | 94.71 | +3.2 pt | ||||||
| Net income | — | — | — | — | — | — | — | — | — | — | 0 | — | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 2.06 | 2.55 | 3.60 | 3.22 | 2.49 | 4.18 | 8.64 | 6.44 | 5.70 | 5.32 | 5.17 | +11.1% | |||||
| Earnings | 1.88 | 2.38 | 3.42 | 3.02 | 2.28 | 3.97 | 8.42 | 6.19 | 5.46 | 5.04 | 4.90 | +11.6% | ||||||
| Cash flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | n/m | ||||||
| Capex | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | n/m | ||||||
| Free cash flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | n/m | ||||||
| Book value | 0.30 | 0.32 | 0.39 | 0.39 | 0.27 | 1.02 | 0.78 | 0.59 | 0.60 | 0.47 | 0.58 | +5.0% | ||||||
| Shares, m | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 0.0% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 19.26 | 18.77 | 10.90 | 13.34 | 12.38 | 10.54 | 9.38 | 10.99 | 11.87 | 13.61 | 13.58 | 13.1 | |||||
| P/S | 17.57 | 17.58 | 10.42 | 12.53 | 11.31 | 9.98 | 9.14 | 10.57 | 11.36 | 12.89 | 12.86 | 12.3 | ||||||
| P/B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| EV/Sales | 17.41 | 17.45 | 10.24 | 12.39 | 11.18 | 9.71 | 9.01 | 10.47 | 11.25 | 12.80 | 12.74 | 12.2 | ||||||
| EV/FCF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | — | — | — | — | 0 | — | |||||
| Capex | — | — | — | — | — | — | — | — | — | — | 0 | — | ||||||
| Free cash flow | — | — | — | — | — | — | — | — | — | — | 0 | — | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 4 | 4 | 5 | 5 | 4 | 15 | 11 | 8 | 9 | 7 | 8 | +5.6% | |||||
| Net debt | (5) | (5) | (9) | (7) | (5) | (16) | (16) | (9) | (9) | (8) | (10) | +4.8% | ||||||
| Shareholders’ equity | 4 | 5 | 6 | 6 | 4 | 15 | 11 | 9 | 9 | 7 | 8 | +5.0% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 484.25 | 657.46 | 674.97 | 537.80 | 561.41 | 543.95 | 752.67 | 701.78 | 852.33 | 869.45 | 806.27 | +385.2 pt | |||||
| ROIC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 pt | ||||||
| ROE | 609.38 | 770.24 | 973.22 | 778.43 | 691.34 | 612.31 | 932.34 | 0.00 | 0.00 | 0.00 | 0.00 | (609.4) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | — | — | — | — | |||||
| Revenue/emp, $m | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026
Sabine Royalty Trust vs peers in Oil & Gas Midstream (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| GLP Global Partners LP | $1.4B | 8.5× | 7.9× | +46.79% (above 0%: growing) | +240.00% (above 0%: growing) | +36.41% (above 0%: growing) | 4.84% | 1.58% | Compare |
| FLNG Flex LNG Ltd. | $1.4B | 13.7× | 12.1× | +24.21% (above 0%: growing) | +151.52% (above 0%: growing) | +185.57% (above 0%: growing) | 76.00% | 55.68% | Compare |
| NAT Nordic American Tankers Limited | $1.4B | 11.2× | 10.1× | +133.96% (above 0%: growing) | n/m | +197.49% (above 0%: growing) | 83.25% | 82.06% | Compare |
| PBT Permian Basin Royalty Trust | $1.3B | 81.6× | 21.9× | +34.59% (above 0%: growing) | +60.00% (above 0%: growing) | — | 100.00% | 92.68% | Compare |
| TEN Tsakos Energy Navigation Ltd | $1.3B | 4.5× | 3.9× | +54.37% (above 0%: growing) | +556.72% (above 0%: growing) | +185.92% (above 0%: growing) | 62.31% | 54.53% | Compare |
| NVGS Navigator Holdings Ltd. | $1.2B | 6.6× | 6.9× | +1.27% (above 0%: growing) | +160.38% (above 0%: growing) | +285.64% (above 0%: growing) | 49.79% | 23.29% | Compare |
| TK Teekay Corporation Ltd. | $1.1B | 8.7× | 41.1× | −24.36% (below 0%: shrinking) | −23.68% (below 0%: shrinking) | +211.73% (above 0%: growing) | 31.43% | 27.41% | Compare |
| SBR Sabine Royalty Trust | $960.2M | 13.6× | 12.4× | +16.53% (above 0%: growing) | +17.21% (above 0%: growing) | — | 100.00% | 95.66% | |
| WHK WhiteHawk Minerals Corp. | $730.7M | — (loss-making) | — (loss-making) | — | n/m | — | 100.00% | (4.61%) | Compare |
| Median of peers | $1.3B | 8.7× | 10.1× | +34.59% | +155.95% | +191.71% | 69.16% | 40.97% |