San Juan Basin Royalty Trust declares no cash distribution for July 2026
SJT•May revenue and production costs
May revenue from the subject interests was $3.02 million, below $3.4 million in production costs, extending the deficit.
No cash distribution declared for July 2026
San Juan Basin Royalty Trust declared no cash distribution for July 2026.
The trust cited excess production costs from prior periods, compounded by low natural gas prices.
Cumulative excess production cost deficit totaled about $9.64 million gross, or $7.23 million net to the trust.
Distributions remain suspended until net proceeds repay the deficit, rebuild a $2 million reserve, and cover principal and interest on its bank line of credit.
