---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-191068"
form_type: "8-K"
ticker: "SJT"
cik: "0000319655"
company_name: "SAN JUAN BASIN ROYALTY TRUST"
filed_at: "2023-07-21T23:59:59+00:00"
generated_at: "2026-06-13T05:12:28.539126+00:00"
event_type: "dividend"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# San Juan Basin Royalty Trust declares $0.010201/unit monthly distribution for July 2023

## Summary
- Distribution of $475,477.18 ($0.010201/unit) payable Aug 14, 2023 to holders of record July 31, 2023.
- Net profit from subject interests for May 2023 was $731,812; net royalty to Trust $548,859.
- Total revenue for May 2023: $3.82M ($3.42M gas, $0.40M oil); production costs $3.08M.
- Gas volumes 1,997,433 Mcf (2,219,370 MMBtu) in May vs. 1,885,511 Mcf (2,095,012 MMBtu) in April.
- Average gas price for May 2023: $1.71/Mcf ($1.54/MMBtu), down from $2.17/Mcf ($1.96/MMBtu) in April.

## SEC filing metadata
- accession: 0001193125-23-191068
- form_type: 8-K
- ticker: SJT
- cik: 0000319655
- company_name: SAN JUAN BASIN ROYALTY TRUST
- filed_at: 2023-07-21T23:59:59+00:00
- event_type: dividend
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/319655/000119312523191068/0001193125-23-191068-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/319655/000119312523191068/d499599d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-191068
- JSON: https://secwatch.observer/filing/0001193125-23-191068.json
- Plain text: https://secwatch.observer/filing/0001193125-23-191068.txt

## Key facts
- Earnings Releases
  SAN JUAN BASIN ROYALTY TRUST reported the production month of May 2023 results: revenue $3,815,199, net income $548,859 net royalty amount to the Trust, EPS $0.010201 per Unit.
  - Period: the production month of May 2023
  - Revenue: $3,815,199
  - Net income: $548,859 net royalty amount to the Trust
  - EPS: $0.010201 per Unit
  - Result: reported results
  source text: For the production month of May 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 $731,812 ($548,859 net royalty amount to the Trust). Hilcorp reported $3,815,199 of total revenue from the Subject Interests for the production month of May 2023, consisting of $3,419,956 of gas revenues and $395,243 of oil revenues.
  evidence_url: https://www.sec.gov/Archives/edgar/data/319655/000119312523191068/0001193125-23-191068-index.htm

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