{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-108273","form_type":"8-K","ticker":"SJT","cik":"0000319655","company_name":"SAN JUAN BASIN ROYALTY TRUST","filed_at":"2024-09-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.489758+00:00","generated_at":"2026-05-31T03:21:24.287471+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"San Juan Basin Royalty Trust declares no September cash distribution as production costs exceed revenue","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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-108273","json":"https://secwatch.observer/filing/0000950170-24-108273.json","markdown":"https://secwatch.observer/filing/0000950170-24-108273.md","text":"https://secwatch.observer/filing/0000950170-24-108273.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319655/000095017024108273/0000950170-24-108273-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319655/000095017024108273/sjt_september_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T03:21:24.287471+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}