{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-149186","form_type":"8-K","ticker":"SJT","cik":"0000319655","company_name":"SAN JUAN BASIN ROYALTY TRUST","filed_at":"2023-05-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.784274+00:00","generated_at":"2026-06-14T20:10:18.527996+00:00","sec_items":["2.02","9.01"],"event_type":"dividend","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"San Juan Basin Royalty Trust declares May distribution of $0.0527/unit; gas price drops to $3.00/Mcf","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-149186","json":"https://secwatch.observer/filing/0001193125-23-149186.json","markdown":"https://secwatch.observer/filing/0001193125-23-149186.md","text":"https://secwatch.observer/filing/0001193125-23-149186.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319655/000119312523149186/0001193125-23-149186-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319655/000119312523149186/d509214d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T20:10:18.527996+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d626191f3382ed4edcdc320e554b7ad8aeef9263","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/319655/000119312523149186/0001193125-23-149186-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the production month of March 2023"},{"label":"Revenue","value":"$6,434,183 of total revenue"},{"label":"Net income","value":"$2,457,421.28 or $0.052724 per Unit"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}