Recent 8-K filings for SJT
Highest-materiality recent filing
San Juan Basin Royalty Trust suspends Feb distribution; excess cost deficit hits $6.2M net
- No cash distribution declared for February 2026 due to cumulative excess production costs of $8.2M gross ($6.2M net).
- Deficit increased $727K gross ($545K net) month-over-month; Hilcorp will apply all net proceeds to balance.
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Cumulative excess production costs net to Trust $6,363,112, up $1,389,243 from prior month.
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Cumulative excess production costs $6.63M gross ($4.97M net to Trust), up $445K from prior month.
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San Juan Basin Royalty Trust declares no March 2026 distribution; excess costs, low gas prices
No monthly distribution for March 2026 due to ~$4.64M net excess production costs and continued low natural gas pricing.
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San Juan Basin Royalty Trust suspends Feb distribution; excess cost deficit hits $6.2M net
No cash distribution declared for February 2026 due to cumulative excess production costs of $8.2M gross ($6.2M net).
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Cumulative excess production costs $7.5M gross ($5.6M net to Trust); deficit down $928k gross from prior month.
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No monthly cash distribution declared for December due to $6,328,902 net excess production costs and low gas pricing.
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San Juan Basin Royalty Trust Declares No Cash Distribution for November 2025
Excess production costs balance is approx. $10,452,021 gross ($7,839,016 net to Trust), down $1,178,604 gross from prior month.
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San Juan Basin Royalty Trust declares no October distribution; excess costs $8.7M net
No October 2025 cash distribution due to cumulative excess production costs of $11,630,625 gross ($8,722,969 net to Trust); deficit decreased $1,963,109 gross from last month.
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San Juan Basin Royalty Trust declares no September distribution due to $10.2M net excess costs
No monthly cash distribution for September; cumulative excess production costs $13.6M gross ($10.2M net to trust).
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San Juan Basin Royalty Trust skips August distribution as production costs exceed revenue
No cash distribution for August 2025 due to ~$15.7M gross excess production costs and low gas prices.
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San Juan Basin Royalty Trust declares no July distribution; excess production costs $15.9M
No monthly distribution declared for July 2025; total cumulative excess production costs $15.93M gross ($11.95M net to trust).
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San Juan Basin Royalty Trust Declares No June Distribution; Excess Costs $14.8M
No monthly cash distribution for June 2025; net proceeds of $294,238 applied to excess production costs.
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Line of credit of $2M from Texas Bank, secured by all trust assets, to cover administrative expenses.
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San Juan Basin Royalty Trust declares no May 2025 distribution due to excess costs
No cash distribution for May 2025; net proceeds of $1,499,498 applied to excess production costs from two new horizontal wells drilled in 2024.
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San Juan Basin Royalty Trust declares no April 2025 distribution; excess costs $12.9M net
No distribution for April 2025; $3.4M net proceeds applied to Hilcorp's excess production costs.
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San Juan Basin Royalty Trust Declares No March Distribution; Excess Production Costs Continue
No March 2025 cash distribution; $4,153,693 net proceeds applied to excess production costs from Hilcorp's two new horizontal wells in 2024.
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San Juan Basin Royalty Trust skips Feb 2025 distribution amid low gas prices, excess costs
No February 2025 cash distribution to unit holders due to low natural gas prices and excess production costs.
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San Juan Basin Royalty Trust operator Hilcorp slashes 2025 capex to ~$9M vs $34M in 2024
2025 capital plan estimates $9.0M in expenditures, down from 2024's projected $34.0M.
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San Juan Basin Royalty Trust skips January 2025 distribution on excess costs, low gas prices
No cash distribution for January; excess production costs of $29.5M gross ($22.1M net) charged to future months.
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San Juan Basin Royalty Trust skips December distribution; excess costs of $21.2M from Hilcorp
No monthly cash distribution declared for December 2024; zero payout to unitholders.
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No cash distribution for November 2024; excess production costs of $17.9M gross ($13.4M net to Trust) charged to next month.
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San Juan Basin Royalty Trust declares no cash distribution for Oct 2024
No cash distribution for Oct 2024; excess production costs of $15.15M gross ($11.36M net) charged to future months.
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No monthly distribution for September 2024; excess production costs of $11,517,368 gross ($8,638,026 net) carried forward.
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June 2024 revenue was $2,851,950 vs. production costs of $6,419,934; excess costs of $8,456,506 gross ($6,342,379 net) deferred to future months.
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SJT declares no July 2024 distribution; May production costs exceed revenue by $4.9M
No monthly cash distribution for July 2024; lower gas prices and excess production costs cited.
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San Juan Basin Royalty Trust skips June 2024 distribution; production costs exceed revenue by $1.2M
No monthly cash distribution for June 2024 due to lower natural gas prices and production costs exceeding proceeds.
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San Juan Basin Royalty Trust declares no May 2024 distribution on excess costs, lower gas prices
March 2024 production costs of $3.59M exceeded revenue of $3.16M, causing $432K gross excess costs ($324K net to Trust).
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SJT April distribution $0.022864/unit; Feb gas price $3.06/Mcf, down 16% from Jan
Monthly cash distribution of $1,065,685.42 ($0.022864/unit) payable May 14 to holders of record Apr 30.
Materiality & sentiment trend
Max materiality 0.95 · Median 0.80 · Most common event other_material