Profile
Sector:
EnergyIndustry:
Oil & Gas Equipment & ServicesCountry:
United StatesIPO:
24 October 1980Website:
http://www.sjbrt.comNext earnings report:
14 November 2024Last dividends:
29 April 2024Next dividends:
N/APrice
regular market | Mon, 30 Sep 2024 13:30:00 GMTAnalysts recommendations
Institutional Ownership
SJT Latest News
DALLAS , July 19, 2024 /PRNewswire/ -- Argent Trust Company, as the trustee (the "Trustee") of the San Juan Basin Royalty Trust (the "Trust") (NYSE: SJT), today reported that it will not declare a monthly cash distribution to the holders of its Units of beneficial interest (the "Unit Holders") due to excess production costs for the Trust's subject interests ("Subject Interests") during the production month of May 2024, as well as lower natural gas pricing. Excess production costs occur when production costs and capital expenditures exceed the gross proceeds for a certain period.
DALLAS , May 20, 2024 /PRNewswire/ -- Argent Trust Company, as the trustee (the "Trustee") of the San Juan Basin Royalty Trust (the "Trust") (NYSE: SJT), today reported that it will not declare a monthly cash distribution to the holders of its Units of beneficial interest (the "Unit Holders") due to excess production costs for the Trust's subject interests ("Subject Interests") during the month of May 2024, as well as lower natural gas pricing. Excess production costs occur when production costs and capital expenditures exceed the gross proceeds for a certain period.
There May Be No Monthly Distributions For San Juan Basin Royalty Trust Later This Year
San Juan Basin Royalty Trust is a gas trust with properties in northwestern New Mexico. The trust has greatly benefited from the war in Ukraine, but faces long-term threats from the shift to renewable energy sources. The trust has vastly underperformed the S&P 500 over the last decade. It is not a buy-and-hold stock.
What type of business is San Juan Basin Royalty Trust?
San Juan Basin Royalty Trust operates as an express trust in Texas. The company has a 75% net overriding royalty interest in Southland's oil and natural gas interests in properties located in the San Juan Basin in northwestern New Mexico. It also owns 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. The company was founded in 1980 and is based in Dallas, Texas.
What sector is San Juan Basin Royalty Trust in?
San Juan Basin Royalty Trust is in the Energy sector
What industry is San Juan Basin Royalty Trust in?
San Juan Basin Royalty Trust is in the Oil & Gas Equipment & Services industry
What country is San Juan Basin Royalty Trust from?
San Juan Basin Royalty Trust is headquartered in United States
When did San Juan Basin Royalty Trust go public?
San Juan Basin Royalty Trust initial public offering (IPO) was on 24 October 1980
What is San Juan Basin Royalty Trust website?
https://www.sjbrt.com
Is San Juan Basin Royalty Trust in the S&P 500?
No, San Juan Basin Royalty Trust is not included in the S&P 500 index
Is San Juan Basin Royalty Trust in the NASDAQ 100?
No, San Juan Basin Royalty Trust is not included in the NASDAQ 100 index
Is San Juan Basin Royalty Trust in the Dow Jones?
No, San Juan Basin Royalty Trust is not included in the Dow Jones index
When was San Juan Basin Royalty Trust the previous earnings report?
No data
When does San Juan Basin Royalty Trust earnings report?
The next expected earnings date for San Juan Basin Royalty Trust is 14 November 2024