San Juan Basin Royalty Trust Declares No Cash Distribution for November 2024 and Announces Production Costs in Excess of Proceeds
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San Juan Basin Royalty Trust (NYSE: SJT) announced no cash distribution for November 2024 due to excess production costs and low natural gas prices. Production costs exceeded proceeds for September 2024.
November 18, 2024 | 3:30 pm
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NEGATIVE IMPACT
San Juan Basin Royalty Trust will not distribute cash for November 2024 due to excess production costs and low natural gas prices, impacting revenue and investor returns.
The Trust's decision to not declare a cash distribution is directly linked to financial challenges, specifically excess production costs and low natural gas prices. This is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100