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SAN JUAN BASIN ROYALTY TRUSTBullish
San Juan Basin Royalty Trust will not declare a monthly cash distribution for October 2026 due to excess production costs and continued low natural gas prices. The cumulative excess production cost balance is approximately $12.42 million gross ($9.32 million net to the Trust), and distributions will remain suspended until future net proceeds are sufficient to cover these costs, replenish a $2 million reserve, and repay the outstanding line of credit.…more
SAN JUAN BASIN ROYALTY TRUST
San Juan Basin Royalty Trust (SJT) provided an update on its operations and liquidity in response to recent investor inquiries. General and administrative expenses decreased by approximately $976,000 year-over-year, and the Trust is currently in discussions regarding the extension or replacement of its $2,000,000 credit facility, which matures on May 21, 2027. Additionally, the Trust will restore national newswire distribution for its monthly press releases starting in October 2026 to ensure consistent information flow.…more
SAN JUAN BASIN ROYALTY TRUST
San Juan Basin Royalty Trust (SJT) will not declare a monthly cash distribution for September 2026 due to excess production costs and continued low natural gas prices. The cumulative excess production cost balance is approximately $12.55 million gross ($9.42 million net to the Trust), and distributions will remain suspended until these costs are repaid, a $2 million reserve is replenished, and the line of credit is settled.…more
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