San Juan Basin Royalty Trust will not declare a monthly cash distribution for August 2026 due to excess production costs and low natural gas pricing. The cumulative balance of excess production costs stands at approximately $11,430,832 gross ($8,573,124 net), increasing by $1,803,903 gross from the prior month. All net proceeds will be applied to this deficit until it is repaid, along with a required $2,000,000 reserve replenishment and repayment of principal and interest on the Trust's line of credit. For June 2026, total revenue was $3,181,295 against production costs of $4,974,373. The outstanding line of credit balance is now $1,030,794. San Juan Basin Royalty Trust operates in the energy sector as a royalty trust holding interests in oil and natural gas properties.

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.

San Juan Basin Royalty Trust announced on June 18, 2026, that it will not declare a monthly cash distribution to unit holders for June. The decision stems from excess production costs associated with the Trust's subject interests and sustained low natural gas pricing. The company operates in the energy industry as a royalty trust managing interests in natural gas production.