dividend
confidence high
sentiment negative
materiality 0.50
San Juan Basin Royalty Trust declares $0.016987/unit monthly distribution for June 2023
SAN JUAN BASIN ROYALTY TRUST
- Distribution of $791,746.81 ($0.016987/unit) payable July 17, 2023, record June 30, 2023.
- April 2023 net profits $1.19M ($890,530 net royalty); total revenue $4.39M ($4.10M gas, $0.29M oil).
- Gas volumes 1,886 MMcf vs 2,078 MMcf in March; avg gas price $2.17/Mcf vs $3.00/Mcf in March.
- Production costs $3.20M; capital costs increased due to workovers and recompletes.
- Decline in April production attributed to third-party plant scheduled maintenance outages.