Dividends & Buybacks ·
San Juan Basin Royalty Trust announced it will not declare a monthly cash distribution for July 2026 due to low…
SJTSan Juan Basin Royalty Trust
San Juan Basin Royalty Trust announced it will not declare a monthly cash distribution for July 2026 due to low natural gas pricing and cumulative excess production costs totaling approximately $7,228,316 net to the Trust. Distributions will remain suspended until the Trust repays these excess production costs, replenishes a $2,000,000 reserve, and settles its Texas Bank line of credit, which has an outstanding principal balance of $998,808. For May 2026, Hilcorp reported $3,024,827 in total revenue against $3,403,832 in production costs. Additionally, Hilcorp updated its 2026 development plan, removing five of nine planned vertical wells due to schedule changes. The company is an energy royalty trust that holds interests in natural gas and oil production.