{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-045798","form_type":"8-K","ticker":"SJT","cik":"0000319655","company_name":"SAN JUAN BASIN ROYALTY TRUST","filed_at":"2024-04-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.542777+00:00","generated_at":"2026-06-03T17:10:07.477657+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"SJT April distribution $0.022864/unit; Feb gas price $3.06/Mcf, down 16% from Jan","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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-045798","json":"https://secwatch.observer/filing/0000950170-24-045798.json","markdown":"https://secwatch.observer/filing/0000950170-24-045798.md","text":"https://secwatch.observer/filing/0000950170-24-045798.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319655/000095017024045798/0000950170-24-045798-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319655/000095017024045798/sjt_april_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T17:10:07.477657+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"07f5184b71970f899d2e0d2617ceacf5122b561a","claim":"SAN JUAN BASIN ROYALTY TRUST reported month of February 2024 results: revenue $5,635,271, EPS $0.022864 per Unit.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/319655/000095017024045798/0000950170-24-045798-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"month of February 2024"},{"label":"Revenue","value":"$5,635,271"},{"label":"EPS","value":"$0.022864 per Unit"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}