SJT April distribution $0.022864/unit; Feb gas price $3.06/Mcf, down 16% from Jan

SAN JUAN BASIN ROYALTY TRUST

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.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SAN JUAN BASIN ROYALTY TRUST reported month of February 2024 results: revenue $5,635,271, EPS $0.022864 per Unit.

Period: month of February 2024
Revenue: $5,635,271
EPS: $0.022864 per Unit
Result: reported results

Exact text from the filing

Interests, Hilcorp Energy Company (collectively, “Hilcorp”), reported to the Trust net profits of $2,473,219 gross ($1,854,914 net royalty amount to the Trust). Hilcorp reported $5,635,271 of total revenue from the Subject Interests for the production month of February 2024, consisting of $5,376,466 of gas revenues and $75,828 of oil revenues. For the Subject

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Source: SEC EDGAR

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