dividend
confidence high
sentiment neutral
materiality 0.30
SJT declares March 2023 distribution of $0.409688/unit, payable April 14
SAN JUAN BASIN ROYALTY TRUST
- Cash distribution of $19,095,065.72 ($0.409688/unit) for January 2023 production.
- Net profits reported by Hilcorp: $25,649,298; net royalty to Trust: $19,236,974.
- Total revenue $31.1M (gas $31.07M, oil $41.8K); production costs $5.47M.
- Gas volumes 1,913,923 Mcf; avg price $16.24/Mcf vs $10.32/Mcf in Dec 2022.
- Higher gas price due to cold weather, low storage, and pipeline constraints.