---
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"
generated_at: "2026-06-04T16:07:00.064542+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- 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/319655/000119312524069978/0001193125-24-069978-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/319655/000119312524069978/d775161d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-069978
- JSON: https://secwatch.observer/filing/0001193125-24-069978.json
- Plain text: https://secwatch.observer/filing/0001193125-24-069978.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/319655/000119312524069978/0001193125-24-069978-index.htm

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