secwatch.observer — SEC 8-K summary
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Issuer:     SAN JUAN BASIN ROYALTY TRUST (SJT)
CIK:        0000319655
Form:       8-K
Filed at:   2024-04-19T23:59:59+00:00
Accession:  0000950170-24-045798
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319655/000095017024045798/0000950170-24-045798-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319655/000095017024045798/sjt_april_8-k.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-045798

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer