{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-069978","form_type":"8-K","ticker":"SJT","cik":"0000319655","company_name":"SAN JUAN BASIN ROYALTY TRUST","filed_at":"2024-03-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.556867+00:00","generated_at":"2026-06-04T16:07:00.064542+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"San Juan Basin Royalty Trust declares $0.041278/unit March distribution, revises 2024 capex to $34M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-069978","json":"https://secwatch.observer/filing/0001193125-24-069978.json","markdown":"https://secwatch.observer/filing/0001193125-24-069978.md","text":"https://secwatch.observer/filing/0001193125-24-069978.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319655/000119312524069978/0001193125-24-069978-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319655/000119312524069978/d775161d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T16:07:00.064542+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":"03a94669813937a2e6a30d10c8f1e87153f46094","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/319655/000119312524069978/0001193125-24-069978-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the month of January 2024"},{"label":"Revenue","value":"$6,667,167"},{"label":"Net income","value":"$3,277,646 gross ($2,458,235 net royalty amount to the Trust)"},{"label":"EPS","value":"$0.041278 per Unit"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}