San Juan Basin Royalty Trust UBI - SJT STOCK NEWS

PNC Bank declares monthly cash distribution of $964,360.23 to San Juan Basin Royalty Trust unit holders based on June 2023 production. Hilcorp reports $4,104,013 total revenue from Subject Interests with $1,081,666 net royalty amount to the Trust. Gas volumes for June 2023 increase compared to May 2023. Average gas price for June 2023 is $1.88 per Mcf.

San Juan Basin Royalty Trust (NYSE: SJT) has declared a monthly cash distribution of $475,477.18 or $0.010201 per Unit to its Unit Holders. The distribution is payable on August 14, 2023, to Unit Holders of record as of July 31, 2023. Hilcorp San Juan L.P. reported net profits of $731,812 ($548,859 net royalty amount to the Trust) for the production month of May 2023. Hilcorp reported $3,815,199 of total revenue from the Subject Interests, with $3,419,956 of gas revenues and $395,243 of oil revenues. Gas volumes for May 2023 totaled 1,997,433 Mcf, with an average gas price of $1.71 per Mcf.

PNC Bank, as the trustee of the San Juan Basin Royalty Trust (NYSE: SJT), announced a monthly cash distribution of $4,838,334.88 or $0.103807 per unit for February 2023. This distribution will be paid on May 12, 2023, to unit holders recorded as of April 28, 2023. Hilcorp, the owner and operator of the trust's interests, reported net profits of $6,564,258, contributing $4,923,194 to the trust. Total revenue for February stood at $10,497,723, with significant production costs of $3,933,465. Gas volumes decreased from January, yielding a lower average gas price of $6.29 per Mcf compared to $16.24 in January. The Trust’s ongoing audit process ensures compliance with underlying agreements.

San Juan Basin Royalty Trust (NYSE:SJT) announced a monthly cash distribution of $19,095,065.72 or $0.409688 per Unit, based on January 2023 production data. Holders of record as of March 31, 2023 will receive the payment on April 14, 2023. Hilcorp reported total revenues of $31,115,206 for January, including $31,073,352 from gas sales, with production costs of $5,465,907. The Trust's ongoing audit process ensures compliance with operational agreements amid risks of price volatility and uncertainties regarding reserves.

PNC Bank, as trustee for the San Juan Basin Royalty Trust (NYSE: SJT), declared a monthly cash distribution of $11,644,396.06 or $0.249833 per unit, based on December 2022 production figures. This distribution is payable on March 14, 2023, to unit holders of record by February 28, 2023. Hilcorp reported total revenues from these interests at $20,049,260, with gas revenues making up a significant portion. The average gas price rose to $10.32 per Mcf, compared to $5.36 the previous month. Hilcorp plans $4.4 million in capital expenditures for 2023, focusing on well recompletions and facility projects.

PNC Bank, as trustee for San Juan Basin Royalty Trust (NYSE: SJT), announced a monthly cash distribution of $5,231,814.43, equating to $0.112250 per Unit, based on production data from November 2022. This distribution will be paid on February 14, 2023, to Unit Holders of record by January 31, 2023. For November, Hilcorp reported $11,087,772 in revenue and $4,002,818 in production costs. Gas prices averaged $5.36 per Mcf, up from $4.73 in October. The Trust continues to conduct audits on Hilcorp’s reporting to ensure compliance with operational agreements. Forward-looking statements are subject to risks including oil and gas price volatility.

San Juan Basin Royalty Trust (NYSE: SJT) announced a monthly cash distribution of $4,488,193.46, or $0.096295 per Unit, to Unit Holders, based on production from October 2022. This distribution is scheduled to be paid on January 17, 2023. Hilcorp reported net profits of $6,052,622 with total revenues of $9,458,334 from oil and gas operations during the same month. There are ongoing audits and accounting improvements being implemented to enhance the Trust’s reporting processes.