San Juan Basin Royalty Trust declares $0.041278/unit March distribution, revises 2024 capex to $34M

SAN JUAN BASIN ROYALTY TRUST

Monthly distribution of $1,923,926.56 ($0.041278/unit) payable April 12, 2024, record March 28, 2024.
Net profits from Hilcorp: $3,277,646 gross, $2,458,235 net to Trust; revenue $6,667,167, production costs $3,389,520.
Gas volumes 1,808,545 Mcf (Jan 2024), down 5.3% from Dec 2023; avg gas price $3.64/Mcf, up 21.7% MoM.
2024 capex plan reduced to $34M from $36M by removing vertical drill well; cash reserve to increase to $2.0M.

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 month of January 2024 results: revenue $6,667,167, net income $3,277,646 gross ($2,458,235 net royalty amount to the Trust), EPS $0.041278 per Unit. Guidance reaffirmed.

Period: the month of January 2024
Revenue: $6,667,167
Net income: $3,277,646 gross ($2,458,235 net royalty amount to the Trust)
EPS: $0.041278 per Unit
Guidance: reaffirmed
Result: preliminary results

Exact text from the filing

Interests, Hilcorp Energy Company (collectively, “Hilcorp”), reported to the Trust net profits of $3,277,646 gross ($2,458,235 net royalty amount to the Trust). Hilcorp reported $6,667,167 of total revenue from the Subject Interests for the production month of January 2024, consisting of $6,585,684 of gas revenues and $81,483 of oil revenues. For the Subject

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Source: SEC EDGAR

accession 0001193125-24-069978

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