San Juan Basin Royalty Trust Declares No Cash Distribution for March 2025
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San Juan Basin Royalty Trust (SJT) will not declare a monthly cash distribution for March 2025. This is due to applying net proceeds of $4,153,693 to the balance of excess production costs from Hilcorp's drilling activities. The cumulative excess production costs are approximately $21,739,947 gross, and until these are paid, the Trust will not receive royalty income. Hilcorp reported $10,152,016 in total revenue for January 2025, with gas prices increasing to $3.74 per Mcf.
March 21, 2025 | 1:30 pm
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No cash distribution for March 2025 due to ongoing excess production costs. Trust's income is being redirected to cover Hilcorp's drilling expenses, impacting investor returns.
The suspension of cash distributions directly impacts SJT shareholders by halting income streams. The ongoing excess production costs and redirection of net proceeds suggest potential continued financial challenges for the Trust.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100