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San Juan Basin Royalty Trust - SJT STOCK NEWS

Welcome to our dedicated news page for San Juan Basin Royalty Trust (Ticker: SJT), a resource for investors and traders seeking the latest updates and insights on San Juan Basin Royalty Trust.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect San Juan Basin Royalty Trust's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of San Juan Basin Royalty Trust's position in the market.

News
San Juan Basin Royalty Trust Announces April Cash Distribution
Rhea-AI Summary
San Juan Basin Royalty Trust declared a monthly cash distribution of $1,065,685.42 or $0.022864 per Unit for February 2024 production, payable on May 14, 2024. Hilcorp reported net profits of $2,473,219 gross ($1,854,914 net royalty amount to the Trust) from the Subject Interests. Gas revenues totaled $5,376,466, with an average gas price of $3.06 per Mcf. The Trustee is increasing cash reserves to $2.0 million to cover potential revenue shortfalls.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.66%
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none
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News
San Juan Basin Royalty Trust Announces March Cash Distribution
Rhea-AI Summary
Argent Trust Company, as the trustee of San Juan Basin Royalty Trust (SJT), declared a monthly cash distribution of $1,923,926.56 or $0.041278 per Unit for January 2024. Hilcorp reported net profits of $3,277,646 gross ($2,458,235 net royalty amount to the Trust) from the Subject Interests. Gas volumes for January 2024 totaled 1,808,545 Mcf with an average gas price of $3.64 per Mcf. Hilcorp revised its 2024 capital project plan, decreasing estimated capital expenditures to $34 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.18%
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none
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News
San Juan Basin Royalty Trust Announces February Cash Distribution and Hilcorp's 2024 Capital Plan
Rhea-AI Summary
Argent Trust Company, as the trustee of San Juan Basin Royalty Trust (SJT), declared a monthly cash distribution of $1,410,308.78 or $0.030258 per Unit for February 2024. Hilcorp reported net profits of $2,227,411 gross ($1,670,558 net royalty amount to the Trust) for December 2023. Hilcorp's 2024 Plan includes $36.0 million in capital expenditures for 39 projects, with a focus on new drill projects and recompletions in various formations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.03%
Tags
none
News
San Juan Basin Royalty Trust Confirms Resignation of PNC Bank as Trustee and Appointment of Argent Trust Company as Successor Trustee
Rhea-AI Summary
San Juan Basin Royalty Trust (SJT) announces the resignation of PNC Bank as Trustee and the appointment of Argent Trust Company as successor Trustee. Unit Holders approved amendments to the Trust's governing document and the new Trustee. PNC's decision to resign is due to a strategic shift. Argent will now administer the Trust, bringing its expertise in Trust and Mineral Management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.64%
Tags
management
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News
San Juan Basin Royalty Trust Declares Cash Distribution for January 2024
Rhea-AI Summary
San Juan Basin Royalty Trust (SJT) declared a monthly cash distribution of $758,308.20 or $0.016270 per Unit, payable on February 14, 2024. Hilcorp reported $5,693,664 of total revenue from the Subject Interests for the production month of November 2023. The average gas price for November 2023 was $2.96 per Mcf, compared to $2.14 per Mcf for October 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.18%
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none
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News
San Juan Basin Royalty Trust Announces Argent Trust Company as Successor Trustee and Amendments to its Indenture
Rhea-AI Summary
San Juan Basin Royalty Trust (SJT) announced that Unit Holders approved the appointment of Argent Trust Company as successor Trustee to PNC Bank, National Association. The Unit Holders also approved two separate proposals amending the Trust's governing document. The resignation of PNC Bank and the appointment of Argent is expected to take place on February 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.93%
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none
News
San Juan Basin Royalty Trust Declares Cash Distribution for December 2023
Rhea-AI Summary
San Juan Basin Royalty Trust (SJT) declares a monthly cash distribution of $0.012323 per unit, based on October 2023 production. Hilcorp reported $4,521,998 of total revenue from the Subject Interests, with $3,652,533 of production costs. Gas volumes for October 2023 totaled 1,997,743 Mcf, with an average gas price of $2.14 per Mcf. The Trust continues to audit payments made by Hilcorp to ensure full compliance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.54%
Tags
none
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News
San Juan Basin Royalty Trust Announces Adjournment of Special Meeting
Rhea-AI Summary
San Juan Basin Royalty Trust (SJT) announced the adjournment of the Special Meeting of the Trust’s Unit Holders due to the lack of the requisite quorum. The meeting has been rescheduled for January 16, 2024, and will be held in person in Houston, Texas, and virtually via webcast. The purpose of the meeting is to obtain Unit Holder approval of the appointment of Argent Trust Company as successor trustee to PNC Bank, National Association, along with two proposed amendments to the San Juan Basin Royalty Trust Indenture. The record date for Unit Holders entitled to vote at the Special Meeting remains the close of business on October 2, 2023. The Trust’s proxy materials, previously filed and mailed to the Unit Holders, remain unchanged. Unit Holders who have already voted do not need to take any further action, while those who have not yet voted are encouraged to submit their votes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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News
San Juan Basin Royalty Trust Declares Cash Distribution for November 2023
Rhea-AI Summary
San Juan Basin Royalty Trust (SJT) declares a monthly cash distribution of $0.016910 per Unit, totaling $788,156.02, payable on December 14, 2023, to Unit Holders of record as of November 30, 2023. Hilcorp reported $1,293,944 gross profits ($970,458 net royalty to the Trust) for September 2023. The Trust continues to engage with Hilcorp regarding accounting and reporting, and compliance auditors are auditing payments made by Hilcorp to the Trust.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.43%
Tags
none
News
San Juan Basin Royalty Trust Declares Cash Distribution for October 2023
Rhea-AI Summary
San Juan Basin Royalty Trust declares monthly cash distribution to unit holders based on August 2023 production
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.01%
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none
Stock SJT logo
San Juan Basin Royalty Trust

NYSE:SJT

SJT Rankings

#3760 Ranked by Market Cap
N/A Ranked by Stock Gains
#452 Ranked by Dividends

SJT Stock Data

241.90M
46.60M
10.64%
1.65%
Miscellaneous Intermediation
Finance and Insurance
Link
United States
Dallas

About SJT

san juan basin royalty trust operates as an express trust in texas. the company has a 75% net overriding royalty interest carved out of southland's oil and natural gas interests (the subject interests) in properties located in the san juan basin in northwestern new mexico. the subject interests consist of working interests, royalty interests, overriding royalty interests, and other contractual rights in 119,000 net producing acres in san juan, rio arriba, and sandoval counties of northwestern new mexico, as well as 826.3 net wells. bbva usa serves as the trustee of the san juan basin royalty trust. the company was founded in 1980 and is based in houston, texas.