SAN JUAN BASIN ROYALTY TRUST (SJT) Form 8-K — Jul 21, 2026
San Juan Basin Royalty Trust announced that it will not declare a monthly cash distribution for July 2026 due to excess production costs and continued low natural gas pricing. The Trust reported that costs and capital expenditures have exceeded gross proceeds, resulting in a cumulative net deficit of approximately $7.2 million that must be repaid before distributions can resume. For the production month of May 2026, Hilcorp reported total revenue of $3.0 million against production costs of $3.4 million, with average gas prices falling to $1.23 per Mcf.
Key figures
- Revenue
- 3024827
- Gas Revenue
- 2572587
- Oil Revenue
- 452240
- Production Costs
- 3403832
- Line Of Credit Balance
- 998808
- Average Gas Price Per Mcf
- 1.23
- Excess Production Costs Net
- 7228316
- Excess Production Costs Gross
- 9637754
- Trust Administrative Expenses
- 54364
Price after filing
Close on the filing date to close N calendar days later (from $2.44). Historical, not a forecast.
AI analysis
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