---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-075872"
form_type: "8-K"
ticker: "SJT"
cik: "0000319655"
company_name: "SAN JUAN BASIN ROYALTY TRUST"
filed_at: "2023-03-21T23:59:59+00:00"
generated_at: "2026-06-17T22:35:57.736942+00:00"
event_type: "dividend"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# SJT declares March 2023 distribution of $0.409688/unit, payable April 14

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-075872
- form_type: 8-K
- ticker: SJT
- cik: 0000319655
- company_name: SAN JUAN BASIN ROYALTY TRUST
- filed_at: 2023-03-21T23:59:59+00:00
- event_type: dividend
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/319655/000119312523075872/0001193125-23-075872-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/319655/000119312523075872/d456423d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-075872
- JSON: https://secwatch.observer/filing/0001193125-23-075872.json
- Plain text: https://secwatch.observer/filing/0001193125-23-075872.txt

## Key facts
- Earnings Releases
  SAN JUAN BASIN ROYALTY TRUST reported the month of January 2023 results: revenue $31,115,206, net income $25,649,298, EPS $0.409688 per Unit.
  - Period: the month of January 2023
  - Revenue: $31,115,206
  - Net income: $25,649,298
  - EPS: $0.409688 per Unit
  - Result: reported results
  source text: For the production month of January 2023, the owner of the Subject Interests, Hilcorp San Juan L.P. and the operator of the Subject Interests, Hilcorp Energy Company (collectively, "Hilcorp"), reported to the Trust net profits of $25,649,298 ($19,236,974 net royalty amount to the Trust). Hilcorp reported $31,115,206 of total revenue from the Subject Interests for the production month of January 2023, consisting of $31,073,352 of gas revenues and $41,854 of oil revenues.
  evidence_url: https://www.sec.gov/Archives/edgar/data/319655/000119312523075872/0001193125-23-075872-index.htm

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