{"filings":[{"id":2406356,"accession_number":"0001193125-26-360880","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2026-08-21T18:47:01+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust skips August 2026 distribution on excess costs, low gas prices","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["No August 2026 cash distribution; cumulative excess production costs $11.43M gross ($8.57M net), up $1.8M gross from last month.","June 2026 revenue $3.18M (gas $2.84M, oil $0.34M) vs production costs $4.97M (LOE $2.92M, severance $0.17M, capex $1.88M).","Gas volumes 1.95M Mcf, avg price $1.46/Mcf, up $0.23/Mcf from May's $1.23.","Hilcorp removed 5 of 9 planned 2026 vertical wells (~$450k capex cut); 1 in progress, 2 completed, 1 awaiting connection.","Trust drew $31,986 on line of credit, outstanding principal now $1.03M; no distributions until excess costs, $2M reserve, and LOC repaid."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1772236,"accession_number":"0001193125-26-310097","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2026-07-21T18:51:22+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust declares no July distribution; excess production costs $9.6M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No cash distribution for July 2026 due to cumulative excess production costs of $9,637,754 gross ($7,228,316 net to Trust).","Hilcorp removed five of nine planned vertical wells from 2026 development plan, reducing capex by ~$450,000.","May 2026 gas volumes 2,083,334 Mcf; average gas price $1.23/Mcf, down from $1.28/Mcf in April.","Total revenue $3,024,827 vs production costs $3,403,832 (excluding excess costs); line of credit balance $998,808.","No distributions until excess costs repaid, $2M reserve replenished, and line of credit repaid."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1133236,"accession_number":"0001193125-26-275535","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2026-06-18T17:59:23+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust suspends June distribution; excess production costs rise to $9.3M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No cash distribution for June 2026; cumulative excess production costs $9,258,749 gross ($6,944,062 net), up $774,601 from prior month.","Hilcorp's two new horizontal wells in 2024 caused excess costs; all net proceeds applied to deficit until fully repaid.","April 2026 gas volumes 2,065,583 Mcf at avg $1.28/Mcf; total revenue $3.02M vs production costs $3.80M (excluding excess).","Trust admin expenses $48,800; line of credit draw $48,781 brings outstanding to $944,470; cash reserves only $3,891.","No distributions until deficit, $2M reserve, and line of credit are fully repaid; ongoing audit of Hilcorp's accounting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":487236,"accession_number":"0001193125-26-228303","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2026-05-18T15:16:22+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust: No May distribution as deficit grows to $6.36M, gas price drops to $1.20/Mcf","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Cumulative excess production costs net to Trust $6,363,112, up $1,389,243 from prior month.","March 2026 gas volumes 2,077,611 Mcf; avg price $1.20/Mcf vs $2.70/Mcf in Feb.","No distributions until deficit repaid, $2M reserve restored, and $895,689 line of credit cleared.","Admin expenses $28,959; line of credit draw $23,435; cash reserves at $3,891 after interest payment.","Excess costs from two Hilcorp horizontal wells in 2024; Trust continues audit of Hilcorp payments."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":97966,"accession_number":"0001193125-26-163687","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2026-04-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust declares no cash distribution for April 2026 due to excess costs, low gas prices","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Cumulative excess production costs $6.63M gross ($4.97M net to Trust), up $445K from prior month.","No distributions until excess costs, $2M reserve, and line of credit ($872K balance) are fully repaid.","Feb 2026 gas volumes 1.89M Mcf, avg price $2.70/Mcf, down $0.26/Mcf from Jan.","Total revenue $5.24M vs. production costs $5.68M (excl. excess), resulting in net deficit.","Trust drew $122K from line of credit for admin expenses; line balance now $872K."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":113189,"accession_number":"0001193125-26-117027","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2026-03-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust declares no March 2026 distribution; excess costs, low gas prices","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["No monthly distribution for March 2026 due to ~$4.64M net excess production costs and continued low natural gas pricing.","January 2026 average gas price $2.96/Mcf, down from $3.29/Mcf in December 2025; gas volumes 2,104,891 Mcf.","Cumulative excess production costs net to Trust: $4,640,115, a $1.54M decrease from prior month.","Hilcorp 2026 capex plan ~$14M for 32 projects; completion costs for 6 new horizontal wells deferred to 2027 plan.","Line of credit outstanding $750,513; cash reserves reduced to $14,257 after March interest payment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":113188,"accession_number":"0001193125-26-060515","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2026-02-20T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Hilcorp 2026 capex plan for SJT: $14M with 15 new drill projects, up from $8.3M in 2025","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Operator Hilcorp estimates 2026 capex at ~$14M, up from actual $8.3M in 2025.","$11.5M for 15 new drill projects (9 vertical, 6 horizontal) across Mesaverde, Mancos, Dakota formations.","$2M for 17 recompletions/workovers in Fruitland Coal and Pictured Cliffs; $0.5M for facilities."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":113187,"accession_number":"0001193125-26-053633","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2026-02-17T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust suspends Feb distribution; excess cost deficit hits $6.2M net","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No cash distribution declared for February 2026 due to cumulative excess production costs of $8.2M gross ($6.2M net).","Deficit increased $727K gross ($545K net) month-over-month; Hilcorp will apply all net proceeds to balance.","December 2025 gas volumes 2.12M Mcf; avg gas price $3.29/Mcf, up from $2.30/Mcf in November.","Trust drew $89,865 from line of credit for admin expenses; outstanding principal now $566,848.","Cash reserves reduced to $17,558 after using $3,068 for interest; distributions will not resume until deficit cleared."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.95,"calibrated_materiality_score":0.95,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":113186,"accession_number":"0001193125-26-016501","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2026-01-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust declares no January 2026 distribution due to $5.6M net excess production costs","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Cumulative excess production costs $7.5M gross ($5.6M net to Trust); deficit down $928k gross from prior month.","November 2025 revenue $5.08M; production costs $4.15M; gas volumes 2.13M Mcf, avg price $2.30/Mcf.","Distributions will not resume until deficit repaid, $2M reserve replenished, and $477k line of credit cleared.","Cash reserves now $20,626 after paying LOC interest; LOC balance rose to $476,983 with $89k draw for admin expenses.","Trust continues audit of Hilcorp's charges; third-party auditors reviewing all revenues, costs, and pricing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129580,"accession_number":"0001193125-25-326039","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2025-12-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust declares no December distribution; $6.3M net excess production costs remain","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No monthly cash distribution declared for December due to $6,328,902 net excess production costs and low gas pricing.","October 2025 revenue $5.3M ($5.12M gas, $181K oil); production costs $3.3M excluding excess balance.","Gas volumes 2,297,504 Mcf at avg price $2.23/Mcf (up $0.14 from Sept); trust admin expenses $83,250.","Line of credit principal now $387,808; cash reserves drawn to $23,175 after interest payment.","Distributions will resume only after excess costs repaid, $2M reserve replenished, and credit line cleared."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129579,"accession_number":"0001193125-25-284245","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2025-11-17T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust Declares No Cash Distribution for November 2025","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Excess production costs balance is approx. $10,452,021 gross ($7,839,016 net to Trust), down $1,178,604 gross from prior month.","No distributions until excess costs repaid, $2M reserve replenished, and line of credit principal ($306,674 outstanding) and interest paid.","Gas volumes for September 2025 were 2,206,654 Mcf at avg price $2.09/Mcf, down from $2.29/Mcf in August 2025.","Hilcorp reported total revenue of $4,725,794 and production costs of $3,547,190 for the Subject Interests in September 2025.","Trust drew $13,234 from line of credit for administrative expenses, bringing outstanding balance to $306,674."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129578,"accession_number":"0001193125-25-244549","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2025-10-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust declares no October distribution; excess costs $8.7M net","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No October 2025 cash distribution due to cumulative excess production costs of $11,630,625 gross ($8,722,969 net to Trust); deficit decreased $1,963,109 gross from last month.","August 2025 production: gas volumes 2,283,656 Mcf at average price $2.29/Mcf ($2.06/MMBtu), down $0.19/Mcf from July.","Total revenue from Subject Interests $5,384,015; production costs $3,420,906 (excluding excess cost balance).","Trust admin expenses $21,200; $19,305 drawn from line of credit, bringing principal to $293,440; cash reserves $27,243.","Distributions suspended until excess costs repaid, $2M reserve replenished, and line of credit repaid."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146153,"accession_number":"0001193125-25-208859","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2025-09-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust declares no September distribution due to $10.2M net excess costs","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No monthly cash distribution for September; cumulative excess production costs $13.6M gross ($10.2M net to trust).","Hilcorp will apply all net proceeds to excess costs; no distributions until balance repaid, $2M reserve replenished, and line of credit cleared.","July 2025 revenue $5.83M ($5.70M gas, $0.13M oil); production costs $3.71M (excluding excess).","Average gas price $2.48/Mcf, up $0.24 from June; gas volumes largely flat at 2.3M Mcf.","Trust self-publishes monthly releases on website due to depleted cash reserves; line of credit balance $274k."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146152,"accession_number":"0000950170-25-110035","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2025-08-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust skips August distribution as production costs exceed revenue","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No cash distribution for August 2025 due to ~$15.7M gross excess production costs and low gas prices.","June 2025: total revenue $5.27M, production costs $5.05M (excl. excess); gas price $2.24/Mcf vs $1.62 in May.","Cumulative excess production costs decreased by $218k gross from prior month; still ~$11.8M net to Trust.","Cash reserves nearly depleted at $30,397; Trust drew $19k from line of credit to pay admin expenses.","No distributions until excess costs repaid, $2M reserve replenished, and note principal repaid."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146151,"accession_number":"0000950170-25-097177","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2025-07-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust declares no July distribution; excess production costs $15.9M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No monthly distribution declared for July 2025; total cumulative excess production costs $15.93M gross ($11.95M net to trust).","Excess production costs increased $1.16M gross ($0.87M net) from prior month; all net proceeds will be applied to deficit.","Average gas price $1.62/Mcf ($1.46/MMBtu) in May 2025, down from $1.87/Mcf in April.","Cash reserves nearly depleted at $31,688; $2M line of credit with Texas Bank drawn for admin expenses.","Trust will self-publish press releases on its website until cash reserves replenished to $2M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":164471,"accession_number":"0000950170-25-088268","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2025-06-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust Declares No June Distribution; Excess Costs $14.8M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No monthly cash distribution for June 2025; net proceeds of $294,238 applied to excess production costs.","Cumulative excess production costs ~$14.8M gross ($11.1M net to trust) from Hilcorp drilling two horizontal wells in 2024.","April 2025 production: total revenue $4.56M, production costs $4.20M; avg gas price $1.87/Mcf, down from $2.82/Mcf.","Trust established $2M line of credit with Texas Bank to cover admin expenses; cash reserves only $32,959 as of May 31, 2025.","No distributions until excess costs repaid and reserves replenished to $2M; press releases to be self-published starting July 21."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":164470,"accession_number":"0000950170-25-078490","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2025-05-29T23:59:59+00:00","items":["1.01","2.03"],"status":"ready","headline":"San Juan Basin Royalty Trust enters $2M line of credit with Texas Bank; distributions suspended until repayment","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Line of credit of $2M from Texas Bank, secured by all trust assets, to cover administrative expenses.","Purpose: repay excess production costs from Hilcorp's two horizontal wells drilled in 2024 and replenish $2M reserve.","Distributions will resume only after note principal, reserve, and excess costs are repaid.","Interest at prime + 1% (floor 6.5%), monthly payments starting June 21, 2025; matures May 21, 2027."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":164469,"accession_number":"0000950170-25-074077","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2025-05-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust declares no May 2025 distribution due to excess costs","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No cash distribution for May 2025; net proceeds of $1,499,498 applied to excess production costs from two new horizontal wells drilled in 2024.","Cumulative excess production costs balance stands at ~$15.16M gross ($11.37M net to Trust), down $1.5M net from prior month.","March 2025 total revenue $6.98M (gas $6.90M, oil $79,973); production costs $4.99M; avg gas price $2.82/Mcf, down $0.54/Mcf from Feb.","Trust admin expenses $85,694; cash reserves will be reduced to $32,959; Trustee exploring credit options to pay future expenses.","No future distributions until excess production costs fully repaid and cash reserves replenished to $2.0M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":164468,"accession_number":"0000950170-25-055071","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2025-04-17T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust declares no April 2025 distribution; excess costs $12.9M net","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No distribution for April 2025; $3.4M net proceeds applied to Hilcorp's excess production costs.","Cumulative excess production costs balance $17.2M gross ($12.9M net to Trust), down $3.4M from prior month.","Feb 2025 gas volumes 2.29M Mcf at avg $3.36/Mcf vs Jan volumes 2.69M Mcf at $3.74/Mcf.","Cash reserves for admin expenses now $117.8K; Trustee targets $2M reserve and evaluating credit options.","No distributions until excess costs fully repaid and cash reserves restored."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":182225,"accession_number":"0000950170-25-043109","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2025-03-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust Declares No March Distribution; Excess Production Costs Continue","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No March 2025 cash distribution; $4,153,693 net proceeds applied to excess production costs from Hilcorp's two new horizontal wells in 2024.","Cumulative excess production costs balance is approximately $16,304,960 net to Trust; distributions suspended until fully repaid.","Hilcorp reported Jan 2025 total revenue of $10,152,016; gas volumes 2,689,216 Mcf at avg price $3.74/Mcf, up from $3.14/Mcf in Dec 2024.","Trust administrative expenses for Jan were $255,657; cash reserves now ~$258,521; Trustee evaluating credit options to cover expenses.","Hilcorp's 2025 capital plan for Subject Interests estimated at $9.0M, including 7 new vertical wells ($4.0M) and 22 recompletions/workovers ($4.5M)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":182224,"accession_number":"0000950170-25-022084","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2025-02-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust skips Feb 2025 distribution amid low gas prices, excess costs","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["No February 2025 cash distribution to unit holders due to low natural gas prices and excess production costs.","December 2024 revenue from subject interests totaled $8.69M; production costs were $6.46M.","Cumulative excess production costs: $27.3M gross ($20.5M net to Trust), down $2.2M from prior month.","Cash reserves used to pay $139k in admin expenses; remaining $512k, with target to replenish to $2.0M.","Hilcorp's 2025 capital plan for Subject Interests estimates $9.0M expenditure on 29 projects."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":182223,"accession_number":"0000950170-25-019941","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2025-02-13T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust operator Hilcorp slashes 2025 capex to ~$9M vs $34M in 2024","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["2025 capital plan estimates $9.0M in expenditures, down from 2024's projected $34.0M.","Includes 7 new vertical drill projects ($4.0M) in Dakota/Mesaverde and 22 recompletions/workovers ($4.5M) in Fruitland Coal.","2024 actual capex through Nov totalled $33.6M, including $24.6M on two horizontal Mancos wells.","No new horizontal Mancos drilling planned for 2025; focus shifts to vertical wells and workovers.","Capital plan subject to revision; actual costs may vary from estimates."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":182222,"accession_number":"0000950170-25-007124","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2025-01-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust skips January 2025 distribution on excess costs, low gas prices","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["No cash distribution for January; excess production costs of $29.5M gross ($22.1M net) charged to future months.","November 2024 revenue $4.88M vs. production costs $13.14M; lease op. $2.63M, severance $0.6M, capital $9.91M.","Gas volumes 2.26M Mcf at avg $2.10/Mcf; up from 1.88M Mcf at $1.92/Mcf in October.","Trust cash reserves drawn to $651K; trustee targets $2.0M reserve before resuming distributions.","Hilcorp's 2024 capital plan drives elevated LOE and capex; Trust audit of Hilcorp's accounting ongoing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198854,"accession_number":"0000950170-24-138865","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2024-12-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust skips December distribution; excess costs of $21.2M from Hilcorp","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No monthly cash distribution declared for December 2024; zero payout to unitholders.","October 2024 revenue $3.67M vs production costs $7.06M; excess costs $21.2M gross ($15.9M net to Trust).","Average gas price $1.92/Mcf ($1.72/MMBtu), up from $1.42/Mcf in September but still subdued.","Cash reserves drawn to $761k after paying admin expenses; Trustee targets $2.0M reserve before resuming distributions.","Ongoing audit of Hilcorp's accounting and costs; non-compliance with operative agreements under review."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198853,"accession_number":"0000950170-24-127840","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2024-11-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust declares no November cash distribution; excess production costs of $13.4M net","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No cash distribution for November 2024; excess production costs of $17.9M gross ($13.4M net to Trust) charged to next month.","September 2024 revenue $2.85M vs production costs $5.57M; average gas price $1.42/Mcf, down from $1.79/Mcf in August.","Gas volumes 1.87M Mcf vs 1.92M Mcf in August; cash reserves dropped to $0.96M from $1.8M in April.","Excess costs driven by Hilcorp's 2024 capital project plan with $2.6M in capital costs and $2.6M in lease operating expenses.","Trustee will replenish cash reserves to $2.0M before resuming distributions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198852,"accession_number":"0000950170-24-115961","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2024-10-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust declares no cash distribution for Oct 2024","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["No cash distribution for Oct 2024; excess production costs of $15.15M gross ($11.36M net) charged to future months.","Aug 2024 revenue $3.59M, production costs $7.23M (including $4.36M capex).","Average gas price $1.79/Mcf in Aug vs $1.94/Mcf in Jun; volumes 1.92M Mcf.","Trust admin expenses $87,522; cash reserves $1.02M after $82,564 draw; plan to replenish to $2.0M.","Trustee continues auditing Hilcorp's costs and pricing; no distributions until net proceeds sufficient."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":214896,"accession_number":"0000950170-24-108273","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2024-09-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust declares no September cash distribution as production costs exceed revenue","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["No monthly distribution for September 2024; excess production costs of $11,517,368 gross ($8,638,026 net) carried forward.","July 2024 production costs of $6,966,097 exceeded total revenue of $3,905,235, driven by Hilcorp's 2024 capital project.","Gas volumes 1,891,889 Mcf; average gas price $1.94/Mcf, up from $1.41/Mcf in June but still low.","Trust admin expenses $145,121; cash reserves used for payment now at $1,099,699, target $2.0M before distributions resume.","No distributions until net proceeds sufficient; Trustee plans to replenish reserves and continues audit of Hilcorp."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":214895,"accession_number":"0000950170-24-098912","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2024-08-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust declares no August 2024 distribution due to excess production costs and low gas prices","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["June 2024 revenue was $2,851,950 vs. production costs of $6,419,934; excess costs of $8,456,506 gross ($6,342,379 net) deferred to future months.","Average gas price $1.41/Mcf ($1.27/MMBtu) for June 2024, up from $1.14/Mcf ($1.02/MMBtu) in May 2024.","Admin expenses $187,698 for August 2024; cash reserves drawn to $1,239,141 with plan to replenish to $2.0M before resuming distributions.","Hilcorp's 2024 capital project plan cited as main driver of elevated lease operating expenses and capital costs."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":214894,"accession_number":"0000950170-24-084795","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2024-07-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SJT declares no July 2024 distribution; May production costs exceed revenue by $4.9M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No monthly cash distribution for July 2024; lower gas prices and excess production costs cited.","May 2024: total revenue $2,518,037, production costs $6,183,810; excess of $4,888,522 gross ($3,666,391 net).","Average gas price fell to $1.14/Mcf ($1.02/MMBtu) from $1.24/Mcf ($1.12/MMBtu) in April 2024.","Cash reserves drawn to $1,420,537; trustee aims to replenish to $2.0 million before resuming distributions.","Hilcorp's 2024 capital plan drove higher lease operating expenses ($2.5M) and capital costs ($3.3M)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":234079,"accession_number":"0000950170-24-074074","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2024-06-17T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust skips June 2024 distribution; production costs exceed revenue by $1.2M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No monthly cash distribution for June 2024 due to lower natural gas prices and production costs exceeding proceeds.","Hilcorp reported $2.47M revenue vs $3.26M production costs for April 2024, creating $1.22M gross excess costs.","Average gas price fell to $1.24/Mcf in Apr 2024 from $1.50/Mcf in Mar 2024.","Trustee increased cash reserves to $1.8M; plans to build to $2.0M before resuming distributions.","Cash reserves of $82,913 used to pay June 2024 Trust administrative expenses; balance now $1.47M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":234078,"accession_number":"0000950170-24-062514","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2024-05-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust declares no May 2024 distribution on excess costs, lower gas prices","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["March 2024 production costs of $3.59M exceeded revenue of $3.16M, causing $432K gross excess costs ($324K net to Trust).","Average gas price fell to $1.50/Mcf in March 2024 from $3.06/Mcf in February 2024.","Trust used $249K of cash reserves to pay admin expenses; reserves now $1.55M, aiming for $2.0M.","No distributions until future net proceeds cover liabilities and replenish reserves.","Hilcorp's 2024 capital project plan drove a significant increase in lease operating expenses."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":234077,"accession_number":"0000950170-24-045798","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2024-04-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SJT April distribution $0.022864/unit; Feb gas price $3.06/Mcf, down 16% from Jan","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Monthly cash distribution of $1,065,685.42 ($0.022864/unit) payable May 14 to holders of record Apr 30.","Net profits from Subject Interests for Feb 2024: $2,473,219 gross; gas revenue $5.38M, oil $75.8K.","Average gas price Feb 2024: $3.06/Mcf ($2.75/MMBtu) vs Jan 2024 $3.64/Mcf ($3.28/MMBtu), a 16% decline.","Gas volumes 1,759,503 Mcf in Feb vs 1,808,545 Mcf in Jan, down 2.7% month-over-month.","Trustee increasing cash reserve from $1.0M to $2.0M to cover potential revenue shortfalls; $400k reserved in each March/April."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":252024,"accession_number":"0001193125-24-069978","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2024-03-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust declares $0.041278/unit March distribution, revises 2024 capex to $34M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Monthly distribution of $1,923,926.56 ($0.041278/unit) payable April 12, 2024, record March 28, 2024.","Net profits from Hilcorp: $3,277,646 gross, $2,458,235 net to Trust; revenue $6,667,167, production costs $3,389,520.","Gas volumes 1,808,545 Mcf (Jan 2024), down 5.3% from Dec 2023; avg gas price $3.64/Mcf, up 21.7% MoM.","2024 capex plan reduced to $34M from $36M by removing vertical drill well; cash reserve to increase to $2.0M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":252023,"accession_number":"0001193125-24-038330","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2024-02-16T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Trust: $0.030258/unit distribution; Hilcorp plans $36M 2024 capex","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Monthly cash distribution of $1,410,308.78 ($0.030258/unit) payable March 14, 2024 to holders of record Feb 29, 2024.","Net profits from Subject Interests for Dec 2023: $1.67M net royalty to Trust on $5.87M revenue.","Gas production 1,909,007 Mcf; avg price $2.99/Mcf vs $2.96/Mcf in Nov 2023.","Hilcorp's 2024 capital plan: $36M budget for 39 projects, including 3 new wells and 36 recompletions/workovers.","2023 actual capex was ~$2.2M; large planned increase for 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":252022,"accession_number":"0001193125-24-037154","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2024-02-15T23:59:59+00:00","items":["1.01","5.03","8.01","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust replaces trustee: PNC out, Argent Trust Company in effective Feb 15, 2024","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["PNC Bank resigned as trustee effective Feb 15, 2024, citing royalty trust admin not part of its long-term strategy.","Argent Trust Company appointed as successor trustee; Argent administers seven other publicly traded royalty trusts.","Unit holders approved Indenture amendments at Jan 16 special meeting: clarifies trustee indemnification and lowers successor trustee capital surplus minimum to $15M.","Argent will manage the Trust via its Royalty Trust division."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":252021,"accession_number":"0001193125-24-011187","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2024-01-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust declares January distribution of $0.01627/unit based on Nov 2023 production","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Distribution of $758,308.20 ($0.016270/unit) payable Feb 14, 2024 to holders of record Jan 31, 2024.","Net profits from Subject Interests $1,283,023 gross ($962,267 net royalty to Trust) for Nov 2023 production month.","Total revenue $5,693,664 ($5,564,175 gas + $129,489 oil); production costs $4,410,641 (operating $3,109,836, severance $837,426, capital $463,379).","Gas volumes 1,877,464 Mcf (2,086,071 MMBtu), down from Oct; average gas price $2.96/Mcf ($2.67/MMBtu), up from $2.14/Mcf."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":252020,"accession_number":"0001140361-24-002351","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2024-01-16T23:59:59+00:00","items":["5.07","8.01","9.01"],"status":"ready","headline":"San Juan Basin Trust unitholders approve Argent as successor trustee; effective Feb 15, 2024","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Approved appointment of Argent Trust Company as successor trustee with 21.9M for, 0.75M against.","Approved indenture amendment allowing successor trustee with $15M+ capital requirement: 21.5M for.","Approved clarification of 'Trustee' for indemnification of former trustees: 21.7M for.","PNC Bank resignation and Argent appointment expected to take effect February 15, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":269556,"accession_number":"0001193125-23-297317","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2023-12-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust declares $0.012323/unit monthly distribution for Oct 2023 production","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Cash distribution of $574,347.16 ($0.012323/unit) payable Jan 16, 2024 to holders of record Dec 29, 2023.","Net royalty income to Trust from Hilcorp was $652,099 on gross net profits of $869,465 for October 2023 production month.","Gas volumes for October 2023 were 1,997,743 Mcf, up from 1,905,945 Mcf in September 2023.","Average gas price fell to $2.14/Mcf ($1.93/MMBtu) in October from $2.46/Mcf ($2.22/MMBtu) in September 2023.","Trust continues its comprehensive audit of Hilcorp's accounting, including pricing and costs."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":269555,"accession_number":"0001140361-23-055773","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2023-12-01T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust special meeting adjourned due to lack of quorum","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Special meeting to approve Argent Trust Co. as successor trustee adjourned; quorum not met.","Meeting reconvened on January 16, 2024 at 10:00 a.m. Central Time in Houston and via webcast.","Record date remains October 2, 2023; previously submitted proxies will be voted unless revoked.","Trust continues to solicit proxies; no changes to proposals in the proxy statement.","Press release dated December 1, 2023 attached as Exhibit 99.1."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":269554,"accession_number":"0001193125-23-279410","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2023-11-17T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust declares $0.01691/unit monthly distribution; gas volumes and prices down sharply","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $788,156 ($0.01691/unit) payable Dec 14, 2023 to record holders Nov 30, 2023.","Net profits to Trust from subject interests: $970,458, with total revenue of $4.87M and production costs of $3.57M.","Gas volumes for Sept 2023: 1,905,945 Mcf, down ~8% from Aug 2023; avg gas price $2.46/Mcf, down 20% from $3.09/Mcf.","Ongoing audit of Hilcorp accounting and pricing continues, including evaluation of compliance with trust agreements.","Production costs included $2.30M lease operating, $0.74M severance taxes, and $0.53M capital costs."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":269553,"accession_number":"0001193125-23-259773","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2023-10-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust declares $0.048694/unit monthly distribution for October 2023","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Distribution of $2,269,587.37 ($0.048694/unit) payable Nov 14, 2023, record Oct 31, 2023.","Based on August 2023 production; net profits of $3,148,582 gross ($2,361,436 net to trust).","Gas revenue $6,409,321; oil revenue $431,558; total revenue $6,840,879.","Production costs $3,692,297 (lease operating $2,185,003; severance taxes $1,051,132; capital costs $456,162).","Average gas price $3.09/Mcf ($2.78/MMBtu) in August vs $2.53/Mcf ($2.28/MMBtu) in July."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":286542,"accession_number":"0001193125-23-237425","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2023-09-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust declares $0.053793/unit monthly distribution for July production","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $2,507,212.89 ($0.053793/unit) payable Oct 16, 2023 to holders of record Sep 29.","Net profits from Hilcorp were $3,586,018 ($2,689,513 net royalty to Trust) for July 2023.","Gas volumes 1,986,071 Mcf; average gas price $2.53/Mcf, up from $1.88/Mcf in June.","Total revenue $6,757,633 includes gas $5,027,418, oil $347,424, other $1,382,791 (audit settlement).","Production costs $3,171,614: lease operating $2,197,901, severance taxes $784,494, capital $189,219."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.32,"calibrated_materiality_score":0.32,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":286541,"accession_number":"0001193125-23-233145","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2023-09-12T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"PNC Bank to resign as San Juan Basin Royalty Trust trustee; nominates Argent Trust as successor","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["PNC Bank entered an Agreement of Conditional Resignation to step down as SJT trustee, nominating Argent Trust Company as successor.","Resignation and appointment are subject to unitholder approval and required indenture amendments.","A special meeting of unitholders is scheduled for December 2023 to vote on the successor trustee and amendments.","PNC cites the decision based on royalty trust administration not being part of its long-term strategy."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":286540,"accession_number":"0001193125-23-229780","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2023-09-07T23:59:59+00:00","items":["1.01","5.03","7.01","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust settles with Hilcorp for $1.04M over 2017-2020 expenses","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Settlement amount of $1,037,093.45 includes interest to resolve 2017-2020 underpaid royalties.","Disputed expenses covered offsite labor, overhead, operator-owned compressors, and saltwater disposal.","Hilcorp also entered into an amendment to the Conveyance re: saltwater disposal facility expenses.","Payment to be made in a future distribution to trust unitholders; scheduled within 10 business days.","Trustee identified exceptions during routine audit; settlement reached August 30, 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":286539,"accession_number":"0001193125-23-216920","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2023-08-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust declares $0.020691/unit monthly distribution","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $964,360.23 ($0.020691/unit) payable Sept 15, 2023 to holders of record Aug 31, 2023.","Based on June 2023 production: net profits of $1,442,222 ($1,081,666 net royalty to Trust).","Gas volumes 2,006,122 Mcf; avg gas price $1.88/Mcf, up from $1.71/Mcf in May 2023.","Total revenue $4,104,013 ($3,774,490 gas, $329,523 oil); production costs $2,661,792.","Trust continues comprehensive audit of Hilcorp's accounting and payments."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":286538,"accession_number":"0001193125-23-191068","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2023-07-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust declares $0.010201/unit monthly distribution for July 2023","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $475,477.18 ($0.010201/unit) payable Aug 14, 2023 to holders of record July 31, 2023.","Net profit from subject interests for May 2023 was $731,812; net royalty to Trust $548,859.","Total revenue for May 2023: $3.82M ($3.42M gas, $0.40M oil); production costs $3.08M.","Gas volumes 1,997,433 Mcf (2,219,370 MMBtu) in May vs. 1,885,511 Mcf (2,095,012 MMBtu) in April.","Average gas price for May 2023: $1.71/Mcf ($1.54/MMBtu), down from $2.17/Mcf ($1.96/MMBtu) in April."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":306453,"accession_number":"0001193125-23-170076","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2023-06-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust declares $0.016987/unit monthly distribution for June 2023","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $791,746.81 ($0.016987/unit) payable July 17, 2023, record June 30, 2023.","April 2023 net profits $1.19M ($890,530 net royalty); total revenue $4.39M ($4.10M gas, $0.29M oil).","Gas volumes 1,886 MMcf vs 2,078 MMcf in March; avg gas price $2.17/Mcf vs $3.00/Mcf in March.","Production costs $3.20M; capital costs increased due to workovers and recompletes.","Decline in April production attributed to third-party plant scheduled maintenance outages."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":306452,"accession_number":"0001193125-23-149186","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2023-05-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Royalty Trust declares May distribution of $0.0527/unit; gas price drops to $3.00/Mcf","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Monthly distribution of $2.46M ($0.052724/unit) payable June 14, 2023, based on March production.","Gas volumes rose to 2.08M Mcf (2.31M MMBtu) from 1.65M Mcf in prior month.","Average gas price fell to $3.00/Mcf ($2.70/MMBtu) from $6.29/Mcf ($5.66/MMBtu) in February 2023.","Net profits reported by Hilcorp: $3.61M; total revenue $6.43M, production costs $2.83M.","Trust continues comprehensive audit of Hilcorp's accounting and pricing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":306451,"accession_number":"0001193125-23-104758","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2023-04-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"San Juan Basin Trust declares $0.103807/unit monthly distribution based on Feb 2023 production","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Monthly cash distribution of $4,838,334.88 ($0.103807/unit) payable May 12, 2023 to holders of record April 28.","Net profits from Hilcorp: $6,564,258; net royalty to Trust: $4,923,194.","Gas production volume 1,649,392 Mcf in Feb 2023, down from 1,913,923 Mcf in Jan 2023.","Average gas price fell sharply to $6.29/Mcf in Feb 2023 from $16.24/Mcf in Jan 2023.","Total revenue from Subject Interests: $10,497,723 ($10.4M gas, $119K oil)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":325586,"accession_number":"0001193125-23-075872","cik":319655,"company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","form_type":"8-K","filed_at":"2023-03-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SJT declares March 2023 distribution of $0.409688/unit, payable April 14","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Cash distribution of $19,095,065.72 ($0.409688/unit) for January 2023 production.","Net profits reported by Hilcorp: $25,649,298; net royalty to Trust: $19,236,974.","Total revenue $31.1M (gas $31.07M, oil $41.8K); production costs $5.47M.","Gas volumes 1,913,923 Mcf; avg price $16.24/Mcf vs $10.32/Mcf in Dec 2022.","Higher gas price due to cold weather, low storage, and pipeline constraints."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":188765615.42475727,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2023-03-21T23:59:59+00:00|325586"}