San Juan Basin Royalty Trust declares May distribution of $0.0527/unit; gas price drops to $3.00/Mcf

SAN JUAN BASIN ROYALTY TRUST

Monthly distribution of $2.46M ($0.052724/unit) payable June 14, 2023, based on March production.
Gas volumes rose to 2.08M Mcf (2.31M MMBtu) from 1.65M Mcf in prior month.
Average gas price fell to $3.00/Mcf ($2.70/MMBtu) from $6.29/Mcf ($5.66/MMBtu) in February 2023.
Net profits reported by Hilcorp: $3.61M; total revenue $6.43M, production costs $2.83M.
Trust continues comprehensive audit of Hilcorp's accounting and pricing.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SAN JUAN BASIN ROYALTY TRUST reported the production month of March 2023 results: revenue $6,434,183 of total revenue, net income $2,457,421.28 or $0.052724 per Unit.

Period: the production month of March 2023
Revenue: $6,434,183 of total revenue
Net income: $2,457,421.28 or $0.052724 per Unit
Result: reported results

Exact text from the filing

Interests, Hilcorp Energy Company (collectively, “Hilcorp”), reported to the Trust net profits of $3,607,479 ($2,705,609 net royalty amount to the Trust). Hilcorp reported $6,434,183 of total revenue from the Subject Interests for the production month of March 2023, consisting of $6,239,196 of gas revenues and $194,987 of oil revenues. For the Subject

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Source: SEC EDGAR

accession 0001193125-23-149186

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