Welcome to our dedicated page for San Juan Royl Tr SEC filings (Ticker: SJT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The San Juan Basin Royalty Trust UBI (NYSE: SJT) SEC filings page on Stock Titan provides access to the Trust’s regulatory disclosures, including current reports on Form 8-K. These filings give investors insight into how the Trust’s net profits interest in natural gas and oil properties in the San Juan Basin of New Mexico translates into reported results of operations and financial condition.
Recent Form 8-K filings describe press releases in which Argent Trust Company, as trustee, announces whether the Trust will declare a monthly cash distribution to holders of its units of beneficial interest. In multiple 8-Ks dated throughout 2025, the Trust reports that it would not declare monthly cash distributions due to excess production costs for the Subject Interests and, in several instances, continued low natural gas pricing. These filings help clarify when production costs and capital expenditures have exceeded gross proceeds, resulting in no royalty income for the Trust in those periods.
Through this page, users can review how the Trust reports excess production costs, the impact of Hilcorp’s capital project plans on net proceeds, and the Trustee’s approach to cash reserves and administrative expenses. While the 8-Ks summarized here focus on monthly distribution decisions, the Trust also files other periodic reports that provide broader context on its net profits interest, reserve policies, and risk factors.
Stock Titan enhances these filings with AI-powered summaries that highlight the key points in each document, such as the reasons for suspending distributions, references to low natural gas pricing, and descriptions of excess production costs. Real-time updates from the SEC’s EDGAR system ensure that new 8-Ks and other filings appear promptly. Users can also monitor insider-related filings such as Form 4, when available, and review annual reports on Form 10-K and quarterly reports on Form 10-Q with AI-generated explanations that break down complex royalty trust disclosures into more accessible language.
Horizon Kinetics Asset Management LLC filed Amendment No. 2 to Schedule 13G reporting a passive stake in San Juan Basin Royalty Trust (SJT).
The firm beneficially owns 4,803,143 Units of Beneficial Interest, representing 10.3% of the class, with sole voting and sole dispositive power over the same amount. The date of event is 07/17/2025.
Horizon Kinetics is identified as an investment adviser (IA) and certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.
San Juan Basin Royalty Trust reported it will not declare a monthly cash distribution for October. The Trust cited excess production costs for prior periods and continued low natural gas pricing as the reasons for the pause.
The announcement was made via a press release dated October 21, 2025, filed as Exhibit 99.1. The decision affects holders of the Trust’s units of beneficial interest for the October distribution cycle.
San Juan Basin Royalty Trust reported that it will not declare a monthly cash distribution to holders of its units for September. The Trust explained in a press release dated September 19, 2025, that excess production costs related to its subject interests from prior periods, together with continued low natural gas prices, have eliminated funds available for distribution this month.
This means unitholders will not receive their usual September cash payment, reflecting the combined impact of higher-than-normal past operating costs and a weak pricing environment for natural gas on the Trust’s current cash flow.
San Juan Basin Royalty Trust reported that it will not declare a monthly cash distribution to holders of its units of beneficial interest for August. The Trust explained that excess production costs related to its subject interests during the June 2025 production month, combined with continued low natural gas pricing, meant there was no cash available to distribute. The announcement was made through a press release dated August 19, 2025, which is included as an exhibit to this report.
San Juan Basin Royalty Trust (SJT) reported no royalty income to the Trust for each month from May 2024 through June 2025, resulting in no monthly cash distributions for the reporting periods. The Trust's cash and short-term investments fell to $32,968 at June 30, 2025 from $760,920 at year-end 2024, and the Trustee drew on a newly established $2,000,000 line of credit, with an outstanding balance of $162,783 at June 30, 2025. Cumulative Excess Production Costs of approximately $14,767,940 gross ($11,075,955 net to the Trust) absorbed net proceeds that otherwise would have funded the Trust, and $6,972,006 of net proceeds for the quarter were applied to that balance. Distributable income was a $162,783 loss for the period (≈ $(0.00349) per unit) and trust corpus declined to $2,514,834. The Trustee states these conditions raise substantial doubt about the Trust's ability to continue as a going concern within one year. The Trustee continues audits of operator payments and has engaged a line of credit to cover administrative expenses until royalty receipts replenish reserves.