San Juan Basin Royalty Trust Declares No Cash Distribution for November 2024 and Announces Production Costs in Excess of Proceeds
Trust Distribution Announcement: Argent Trust Company announced that the San Juan Basin Royalty Trust will not declare a monthly cash distribution to Unit Holders due to excess production costs and low natural gas prices for September 2024, resulting in significant losses from Hilcorp's operations.
Financial Overview: Hilcorp reported revenues of approximately $2.85 million against production costs exceeding $5.5 million, leading to a net excess production cost of about $13.4 million that will be charged to future distributions, while the Trust plans to replenish cash reserves before any future payouts.
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Thursday's Top Performers: Metals & Mining, Rental, Leasing, and Royalty Stocks
Market Performance: Rental, leasing, and royalty shares have shown relative strength, increasing by approximately 1.1% overall, with notable gains from San Juan Basin Royalty Trust (up 6.6%) and Permianville Royalty Trust (up 3.3%) on Thursday.
Sector Leaders: The video highlights Thursday's sector leaders, focusing on the Metals & Mining and Rental, Leasing, & Royalty stocks.
San Juan Basin Royalty Trust (SJT) Declined This Week. Here is Why.
Share Price Decline: The share price of San Juan Basin Royalty Trust (NYSE:SJT) dropped by 14.13% from June 18 to June 25, 2025, following the announcement that no monthly cash distribution would be made for June due to excess production costs.
Financial Impact: The Trust will not receive royalty income until it pays off excess production costs of approximately $14.77 million, which were incurred from drilling new wells, leading to a halt in cash distributions to unitholders until future net proceeds are sufficient.
San Juan Basin Royalty Trust Declares No Cash Distribution for June 2025
Trust Distribution Update: Argent Trust Company announced that the San Juan Basin Royalty Trust will not declare a monthly cash distribution to unit holders due to excess production costs from Hilcorp's drilling activities, with cumulative excess costs currently at approximately $14.8 million.
Financial Management and Future Outlook: The Trust has established a line of credit to manage administrative expenses during revenue shortfalls and plans to resume distributions once net proceeds are sufficient to cover liabilities and replenish reserves.
San Juan Basin Royalty Trust declares Zero dividend for May
Distribution Decision: San Juan Basin Royalty Trust will not declare a monthly cash distribution to its Unit holders due to the application of net proceeds towards excess production costs from Hilcorp's drilling activities.
Financial Context: The amount of $1,499,498 that would have been payable as royalty income is being used to cover accrued costs related to two new horizontal wells drilled by Hilcorp in 2024.
San Juan Basin Royalty Trust Declares No Cash Distribution for May 2025
Trust Distribution Update: Argent Trust Company announced that the San Juan Basin Royalty Trust will not declare a monthly cash distribution to Unit Holders due to the application of $1,499,498 in net proceeds towards excess production costs from Hilcorp's drilling activities, resulting in a cumulative deficit of approximately $15.16 million.
Financial Overview: Hilcorp reported total revenue of $6,984,564 for March 2025, with significant production costs and a decrease in average gas prices compared to February 2025; the Trust is utilizing cash reserves to cover administrative expenses while planning to replenish these reserves before future distributions.
San Juan Basin Royalty Trust Declares No Cash Distribution for April 2025
Trust Distribution Update: Argent Trust Company announced that the San Juan Basin Royalty Trust will not declare a monthly cash distribution to Unit Holders due to the application of $3,435,269 in net proceeds towards excess production costs from Hilcorp's drilling activities, resulting in a cumulative deficit of approximately $17.16 million.
Financial Overview: Hilcorp reported total revenues of $7.87 million for February 2025, with production costs of $3.29 million, while the Trust's administrative expenses were $142,466, covered partially by interest income and cash reserves, which are being maintained to address future liabilities and potential distributions.
Thursday's Top Performers: Metals & Mining, Rental, Leasing, and Royalty Stocks
Market Performance: Rental, leasing, and royalty shares have shown relative strength, increasing by approximately 1.1% overall, with notable gains from San Juan Basin Royalty Trust (up 6.6%) and Permianville Royalty Trust (up 3.3%) on Thursday.
Sector Leaders: The video highlights Thursday's sector leaders, focusing on the Metals & Mining and Rental, Leasing, & Royalty stocks.
San Juan Basin Royalty Trust (SJT) Declined This Week. Here is Why.
Share Price Decline: The share price of San Juan Basin Royalty Trust (NYSE:SJT) dropped by 14.13% from June 18 to June 25, 2025, following the announcement that no monthly cash distribution would be made for June due to excess production costs.
Financial Impact: The Trust will not receive royalty income until it pays off excess production costs of approximately $14.77 million, which were incurred from drilling new wells, leading to a halt in cash distributions to unitholders until future net proceeds are sufficient.
San Juan Basin Royalty Trust Declares No Cash Distribution for June 2025
Trust Distribution Update: Argent Trust Company announced that the San Juan Basin Royalty Trust will not declare a monthly cash distribution to unit holders due to excess production costs from Hilcorp's drilling activities, with cumulative excess costs currently at approximately $14.8 million.
Financial Management and Future Outlook: The Trust has established a line of credit to manage administrative expenses during revenue shortfalls and plans to resume distributions once net proceeds are sufficient to cover liabilities and replenish reserves.
San Juan Basin Royalty Trust declares Zero dividend for May
Distribution Decision: San Juan Basin Royalty Trust will not declare a monthly cash distribution to its Unit holders due to the application of net proceeds towards excess production costs from Hilcorp's drilling activities.
Financial Context: The amount of $1,499,498 that would have been payable as royalty income is being used to cover accrued costs related to two new horizontal wells drilled by Hilcorp in 2024.
San Juan Basin Royalty Trust Declares No Cash Distribution for May 2025
Trust Distribution Update: Argent Trust Company announced that the San Juan Basin Royalty Trust will not declare a monthly cash distribution to Unit Holders due to the application of $1,499,498 in net proceeds towards excess production costs from Hilcorp's drilling activities, resulting in a cumulative deficit of approximately $15.16 million.
Financial Overview: Hilcorp reported total revenue of $6,984,564 for March 2025, with significant production costs and a decrease in average gas prices compared to February 2025; the Trust is utilizing cash reserves to cover administrative expenses while planning to replenish these reserves before future distributions.
San Juan Basin Royalty Trust Declares No Cash Distribution for April 2025
Trust Distribution Update: Argent Trust Company announced that the San Juan Basin Royalty Trust will not declare a monthly cash distribution to Unit Holders due to the application of $3,435,269 in net proceeds towards excess production costs from Hilcorp's drilling activities, resulting in a cumulative deficit of approximately $17.16 million.
Financial Overview: Hilcorp reported total revenues of $7.87 million for February 2025, with production costs of $3.29 million, while the Trust's administrative expenses were $142,466, covered partially by interest income and cash reserves, which are being maintained to address future liabilities and potential distributions.
