SJT
San Juan Basin Royalty Trust5.49
-0.13-2.31%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
255.88MP/E (TTM)
-Basic EPS (TTM)
-0.01Dividend Yield
0%Recent Filings
10-Q
8-K
No October distribution declared
San Juan Basin Royalty Trust announced no October 2025 cash distribution due to excess production costs and low natural gas prices, with cumulative excess costs at $8.7M net to the Trust, down from last month. August revenues hit $5.4M from 2.3M Mcf of gas at $2.29 per Mcf, yet costs exceeded proceeds. Distributions resume only after repaying costs, replenishing a $2M reserve, and settling the $293K line of credit. Low prices persist.
8-K
No September distribution declared
San Juan Basin Royalty Trust announced no September 2025 cash distribution due to excess production costs and low natural gas prices, with cumulative excess costs at $10.2 million net to the Trust. July revenues hit $5.8 million from 2.3 million Mcf of gas at $2.48 per Mcf, yet production costs of $3.7 million left no net proceeds. Distributions resume only after repaying costs from 2024 drilling, replenishing a $2 million reserve, and clearing the $274,135 line of credit. Low prices persist.
8-K
No August distribution declared
San Juan Basin Royalty Trust declared no August 2025 cash distribution due to excess production costs from June's operations and persistently low natural gas prices. Cumulative excess costs stand at $11.8 million net to the Trust, down slightly from last month, with all future proceeds earmarked to repay this balance, replenish a $2 million reserve, and settle a note principal before resuming payouts. June gas revenues hit $5.1 million at $2.24 per Mcf, yet production costs of $5.1 million—spurred by Hilcorp's 2024 drilling—eroded gains. Reserves dwindle to $30,397 amid ongoing audits of Hilcorp's reporting.
10-Q
Q2 FY2025 results
San Juan Basin Royalty Trust secured a $2M revolving credit facility in May 2025, maturing May 2027 at prime plus 1% (floored at 6.5%), backed by mortgages on extensive royalty interests across Rio Arriba, San Juan, and Sandoval counties in New Mexico. The line supports business needs with interest-only payments and no prepayment penalties, while the collateral includes detailed mineral leases and production assignments. Yet liquidity hinges on oil and gas output. Commodity price swings pose the key risk.
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