San Juan Royl Tr Stock Price, News & Analysis

PNC Bank, as the successor Trustee of the San Juan Basin Royalty Trust (NYSE:SJT), has declared a monthly cash distribution of $3,155,671, equating to $0.067705 per Unit, to Unit Holders. The distribution, based on August 2021 production, will be payable on November 15, 2021. Hilcorp reported August gross revenue of $7,582,753, with gross production costs of $3,175,587, resulting in profits of $4,407,166 gross ($3,305,374 net). Notably, gas production increased slightly from July, with an average gas price of $3.37 per Mcf.

BBVA USA, as Trustee of the San Juan Basin Royalty Trust (NYSE:SJT), declared a monthly cash distribution of $1,724,289.03 or $0.036995 per Unit for July 2021, payable on October 15, 2021. Hilcorp reported gross revenue of $7,512,674 and production costs of $4,837,606, yielding profits of $2,675,068 gross and $2,006,301 net to the Trust. Gas production increased to 2,147,718 Mcf, but average gas prices decreased to $3.28 per Mcf compared to June. The Trust's cash reserves will be replenished to $1 million.

BBVA USA, Trustee of the San Juan Basin Royalty Trust (NYSE:SJT), announced no monthly cash distribution for Unit Holders due to excess production costs for June 2021. Hilcorp reported gross profits of $1,850,948.35 but adjusted for true-ups led to a net profit of $1,388,211.26. Corrections for previous months decreased June profits by over $2 million. Cash reserves will cover administrative expenses, while excess costs of $1,091,749.10 will affect future distributions. June's gas production was 1,568,223 Mcf with an average price of $3.46 per Mcf.

BBVA USA, Trustee of the San Juan Basin Royalty Trust (NYSE:SJT), provided a report on the revenue and severance taxes concerning the Trust's interests managed by Hilcorp San Juan L.P. Due to Hilcorp's transition to a new accounting system, only estimates have been reported for revenue and taxes for specific months. The true-ups for previous months are expected but without a confirmed timeline. Hilcorp will pay interest for any underpayments, while waiving it for any overpayments based on the true-ups.

BBVA USA, as Trustee of the San Juan Basin Royalty Trust (NYSE:SJT), announced a monthly cash distribution of $3,949,643.61, equating to $0.084740 per Unit. This distribution is based on estimated May 2021 production and will be payable on August 13, 2021, to record Unit Holders as of July 30, 2021. Gas production for May was reported at 2,695,014 Mcf, an increase from April's 2,498,553 Mcf, with an average gas price rising to $1.88 per Mcf. Additional profits of $2,559,341 gross were identified due to true-ups for previous months.

BBVA USA, as Trustee of the San Juan Basin Royalty Trust (NYSE:SJT), announced a monthly cash distribution of $821,024.63, equating to $0.017615 per Unit, based on estimated April 2021 production. This distribution is payable on July 15, 2021, to Unit Holders of record as of June 30, 2021. April gas production totaled 2,498,553 Mcf, a decrease from March's 2,617,042 Mcf, with the average gas price dropping to $1.67 per Mcf from $2.07. Hilcorp informed the Trust that the figures for April were based on estimates due to a transition to a new accounting system.

BBVA USA, as Trustee of the San Juan Basin Royalty Trust (NYSE:SJT), announced a monthly cash distribution of $1,880,140.70, equating to $0.040339 per Unit, to Unit Holders. This distribution is based on estimated production for March 2021, with payments due on June 14, 2021, for records as of May 28, 2021. Gas production totaled 2,617,042 Mcf, up from 2,401,460 Mcf in February 2021, but the average gas price significantly dropped to $2.07 per Mcf from $4.67. Hilcorp's transition to a new accounting system led to estimates influencing this month's reporting.

BBVA USA, as Trustee of the San Juan Basin Royalty Trust (NYSE:SJT), announced a monthly cash distribution of $4,464,842.99, equating to $0.095794 per Unit, primarily based on February 2021 production estimates. The distribution will be paid on May 14, 2021, to Unit Holders of record as of April 30, 2021. Gas production for February was 2,401,460 Mcf, down from January's 2,631,464 Mcf, with average gas prices soaring to $4.67 per Mcf compared to $2.36 in January. Estimated non-operated revenue amounted to $100,000, while expenses included $86,941 in capital costs and significant lease operating expenses.

BBVA USA, as Trustee of the San Juan Basin Royalty Trust (NYSE:SJT), announced a monthly cash distribution of $2,472,277.06, totaling $0.053043 per Unit, based on January 2021 production estimates. Payments will be made on April 14, 2021, to those on record as of March 31, 2021. Notably, gas production for January 2021 was 2,631,464 Mcf, an increase from December's 1,643,882 Mcf. However, the average gas price decreased from $2.66 to $2.36 per Mcf. A negative adjustment of $68,164 gross was also reported due to prior month true-ups.