---
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"
generated_at: "2026-06-03T17:10:07.477657+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-045798
- JSON: https://secwatch.observer/filing/0000950170-24-045798.json
- Plain text: https://secwatch.observer/filing/0000950170-24-045798.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/319655/000095017024045798/0000950170-24-045798-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.