---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-041940"
form_type: "8-K"
ticker: "SJT"
cik: "0000319655"
company_name: "SAN JUAN BASIN ROYALTY TRUST"
filed_at: "2023-02-17T23:59:59+00:00"
generated_at: "2026-06-19T08:22:59.612662+00:00"
event_type: "dividend"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# SJT declares $0.249833/unit distribution; Dec gas price $10.32/Mcf vs Nov $5.36

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-041940
- form_type: 8-K
- ticker: SJT
- cik: 0000319655
- company_name: SAN JUAN BASIN ROYALTY TRUST
- filed_at: 2023-02-17T23:59:59+00:00
- event_type: dividend
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/319655/000119312523041940/0001193125-23-041940-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/319655/000119312523041940/d465711d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-041940
- JSON: https://secwatch.observer/filing/0001193125-23-041940.json
- Plain text: https://secwatch.observer/filing/0001193125-23-041940.txt

## Key facts
- Earnings Releases
  SAN JUAN BASIN ROYALTY TRUST reported production month of December 2022 results: revenue $20,049,260, net income $11,644,396.06, EPS $0.249833 per Unit.
  - Period: production month of December 2022
  - Revenue: $20,049,260
  - Net income: $11,644,396.06
  - EPS: $0.249833 per Unit
  - Result: reported results
  source text: Interests, Hilcorp Energy Company (collectively, “Hilcorp”), reported to the Trust net profits of $15,821,352 ($11,866,014 net royalty amount to the Trust). Hilcorp reported $20,049,260 of total revenue from the Subject Interests for the production month of December 2022, consisting of $19,785,206 of gas revenues, $154,542 of oil revenues and other revenues of
  evidence_url: https://www.sec.gov/Archives/edgar/data/319655/000119312523041940/0001193125-23-041940-index.htm

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