There May Be No Monthly Distributions For San Juan Basin Royalty Trust Later This Year [Seeking Alpha]
San Juan Basin Royalty Trust (SJT)
US:NYSE Investor Relations:
sjbrt.com
Company Research
Source: Seeking Alpha
The latest SJT monthly distribution was $0.041278 per unit compared to $0.409688 in March 2023. The $34 million CAPEX needs to be paid off before the trustee can declare monthly distributions. Natural gas prices remain much lower compared to last year. Many investors own San Juan Basin Royalty Trust ( NYSE: SJT ) for the monthly distributions, but they may be greatly disappointed later this year when there are no monthly distributions because of the $34 million planned CAPEX this year. Two new wells are planned for this year that could mean that the $0.00 monthly distributions could continue into early 2025. The CAPEX needs to be paid off before the trustee can declare any distributions. With natural gas prices currently lower than last year, the near-term outlook for SJT looks rather bleak, but long-term, SJT could become interesting depending upon the success of the new wells and the "new" 9,135 MMcf of proved undeveloped reserves. SJT is upgraded from "sell" to "hold". This
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SJT
News
- San Juan Basin Royalty Trust Announces April Cash Distribution [Yahoo! Finance]Yahoo! Finance
- San Juan Basin Royalty Trust Announces April Cash DistributionPR Newswire
- San Juan Basin Royalty Trust Announces March Cash Distribution [Yahoo! Finance]Yahoo! Finance
- San Juan Basin Royalty Trust Announces March Cash DistributionPR Newswire
- San Juan Basin Royalty Trust Announces February Cash Distribution and Hilcorp's 2024 Capital PlanPR Newswire
SJT
Analyst Actions
- 2/13/24 - TheStreet
SJT
Sec Filings
- 4/19/24 - Form 8-K
- 4/1/24 - Form 10-K
- 3/18/24 - Form 8-K
- SJT's page on the SEC website