Welcome to our dedicated page for San Juan Basin Royalty Trust UBI news (Ticker: SJT), a resource for investors and traders seeking the latest updates and insights on San Juan Basin Royalty Trust UBI stock.
San Juan Basin Royalty Trust (SJT) operates as an express trust in Texas, focusing primarily on oil and natural gas extraction. The Trust holds a 75% net overriding royalty interest carved out from Southland's oil and gas interests located in the San Juan Basin of northwestern New Mexico. The Trust's interests extend over 119,000 net producing acres across San Juan, Rio Arriba, and Sandoval counties, and include approximately 826.3 net wells.
San Juan Basin Royalty Trust, founded in 1980 and based in Houston, Texas, garners nearly 98% of its revenue from natural gas, with the remaining 2% from oil. BBVA USA serves as the trustee, overseeing the financial operations and ensuring compliance with the Trust's agreements.
Recent Achievements and Updates:
- For January 2024, Hilcorp reported $6,667,167 in total revenue from the Trust's interests, with $6,585,684 from gas and $81,483 from oil.
- The Trust declared a monthly cash distribution of $1,065,685.42 to its unit holders in April 2024.
- Due to excess production costs and lower natural gas prices, the Trust did not declare a monthly cash distribution for May 2024.
Current Projects: The Trust is focusing on maintaining and increasing its cash reserves to cover trust expenses during periods of revenue shortfall due to fluctuating commodity prices and increased capital expenditures. The Trustee has increased cash reserves to $2.0 million to ensure financial stability.
Financial Condition: The Trust experienced fluctuations in gas prices and production volumes, influencing its revenue and distributions. For March 2024, the average gas price was $1.50 per Mcf compared to $3.06 per Mcf in February 2024. The Trust continues to engage with Hilcorp for accurate accounting and reporting, ensuring comprehensive audits of payments and compliance with underlying agreements.
Partnerships and Compliance: The Trust works closely with Hilcorp San Juan L.P. and Hilcorp Energy Company, the operators of the interests, to manage production and financial reporting. The Trust's third-party compliance auditors rigorously review production costs, capital expenditures, pricing, and rates to ensure full compliance with all trust agreements.
San Juan Basin Royalty Trust, with its significant holdings in natural gas and oil, plays a vital role in the energy sector. Despite the volatility in commodity prices, the Trust's strategic financial management and partnerships aim to provide steady returns to its unit holders while maintaining compliance and operational efficiency.
HOUSTON—PNC Bank, as trustee of the San Juan Basin Royalty Trust (NYSE: SJT), announced a monthly cash distribution of
PNC Bank, trustee of San Juan Basin Royalty Trust (NYSE: SJT), announced a monthly cash distribution of $16,272,132.13 or $0.349121 per Unit, based on August 2022 production. This distribution is payable on November 15, 2022, to holders of record as of October 31, 2022. Hilcorp reported net profits of $21,815,782 for the Trust. Total revenue from Subject Interests was $26,014,687, with production costs at $4,198,905. Gas volumes increased to 2,076,429 Mcf, with an average gas price of $7.54 per Mcf.
PNC Bank, the trustee of San Juan Basin Royalty Trust (NYSE: SJT), announced a cash distribution of
PNC Bank, acting as trustee for the San Juan Basin Royalty Trust (NYSE: SJT), announced a monthly cash distribution of
PNC Bank, as trustee of the San Juan Basin Royalty Trust (SJT), announced a monthly cash distribution of $6,766,905.11 or $0.145185 per Unit for the production month of May 2022. This distribution is payable on August 12, 2022, to Unit Holders of record as of July 29, 2022. Hilcorp reported net profits of $9,121,113 and total revenue of $12,895,888, with production costs at $3,774,775. Gas volumes for May 2022 were 2,019,106 Mcf, achieving an average price of $6.09 per Mcf, up from $4.82 in April. The Trust is engaged in ongoing audits concerning Hilcorp's financial reporting.
PNC Bank, as trustee of the San Juan Basin Royalty Trust (NYSE: SJT), announced a monthly cash distribution of
HOUSTON--(BUSINESS WIRE)--PNC Bank, as Trustee of the San Juan Basin Royalty Trust (NYSE: SJT), declared a cash distribution of $4,277,812.64 or $0.091781 per unit, based on March 2022 production. The distribution will be paid on June 14, 2022, to Unit Holders of record as of May 31, 2022. Hilcorp reported net profits of $5,822,966 and total revenue of $9,268,103 for the same period. Production costs were $3,445,137, and gas volumes increased to 2,168,531 Mcf in March 2022. The average gas price for the month was $4.15 per Mcf.
San Juan Basin Royalty Trust (SJT) has declared a cash distribution of
PNC Bank, as trustee of the San Juan Basin Royalty Trust (NYSE: SJT), announced a monthly cash distribution of
PNC Bank, as trustee of the San Juan Basin Royalty Trust (NYSE: SJT), announced a monthly cash distribution of
FAQ
What is the current stock price of San Juan Basin Royalty Trust UBI (SJT)?
What is the market cap of San Juan Basin Royalty Trust UBI (SJT)?
What is San Juan Basin Royalty Trust?
Where is San Juan Basin Royalty Trust located?
Who serves as the trustee for San Juan Basin Royalty Trust?
How does San Juan Basin Royalty Trust generate revenue?
What recent financial performance updates are available?
Why was there no cash distribution in May 2024?
What are the Trust's current financial strategies?
How is the Trust ensuring compliance?
Who operates the Trust's interests in the San Juan Basin?
What factors affect the Trust’s revenue and distributions?
