Dividends & Buybacks ·
San Juan Basin Royalty Trust suspends September distribution due to $9.4M net deficit from high costs and low gas prices
SJTSan Juan Basin Royalty Trust
San Juan Basin Royalty Trust announced it will not declare a monthly cash distribution for September 2026 due to excess production costs and low natural gas pricing. The cumulative balance of excess production costs stands at approximately $12,553,466 gross ($9,415,100 net), an increase of $841,976 from the prior month. Distributions will remain suspended until future proceeds repay this deficit, replenish a $2,000,000 reserve, and service the Trust's line of credit. For July 2026, total revenue was $4,293,096 against production costs of $5,415,731. The outstanding line of credit balance reached $1,075,400. San Juan Basin Royalty Trust operates in the energy sector as a royalty trust holding interests in oil and natural gas properties.