San Juan Basin Royalty Trust Reports Net Profit of $2.7 Million and Declares Monthly Cash Distribution
Monthly cash distribution of $2,507,212.89 announced based on July 2023 production figures totaling $6,757,633 in revenue.
By USInMinutes
Published - Sep 19, 2023, 01:24 PM ET
Last Updated - Aug 26, 2024, 01:33 AM EDT
San Juan Basin Royalty Trust (SJT), administered by PNC Bank, Nation al Association, has declared its monthly cash distribution to Unit Holders of $2,507,212.89 or $0.053793 per Unit. This distribution is based on the Trust's Subject Interests' production during July 2023. The payment is scheduled for October 16, 2023, and will go to Unit Holders recorded as of September 29, 2023. In July 2023, the Subject Interests' owner, Hilcorp San Juan L.P., and operator, Hilcorp Energy Company, reported a net profit of $3,586,018, with $2,689,513 allocated as net royalty income to the Trust.
Net Income/ Loss
For the production month of July 2023, the Trust reported a net profit of $2,689,513, derived from Hilcorp's net profits of $3,586,018 from the Subject Interests.
