dividend
confidence high
sentiment neutral
materiality 0.40
SJT declares $0.249833/unit distribution; Dec gas price $10.32/Mcf vs Nov $5.36
SAN JUAN BASIN ROYALTY TRUST
- Monthly distribution of $11.64M ($0.249833/unit) payable March 14, 2023 to holders of record Feb 28.
- Dec 2022 gas revenue $19.79M on 1,917,016 Mcf; avg price $10.32/Mcf ($9.29/MMBtu), up 92% from Nov.
- Production costs $4.23M; net royalty to Trust $11.87M.
- Hilcorp estimates 2023 capital budget $4.4M, including 25 well recompletions and workovers.
- 2022 actual capex ~$1M; ongoing audit of Hilcorp payments continues.