San Juan Basin Royalty Trust (SJT)
Collects and distributes royalty income from San Juan Basin oil and gas properties.
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Receives a contractual share of net proceeds from oil and natural gas properties in New Mexico’s San Juan Basin, then distributes cash remaining after Trust expenses and reserves. The fixed-asset grantor trust cannot operate the properties or acquire replacements.
Converts a contractual royalty interest in oil and natural gas properties in northwestern New Mexico’s San Juan Basin into cash distributions for unit holders. The Trust itself neither explores for, produces, nor sells gas, oil, or condensate; Hilcorp operates most underlying properties.
Royalty income reflects the operator’s production proceeds after drilling, operating, processing, tax, and capital costs. Argent Trust Company pays Trust expenses and adds any necessary reserves before distributing a positive balance monthly.
The indenture bars business operations and new asset acquisitions, leaving a fixed, depleting asset base in one basin. Hilcorp controls development, production marketing, and most underlying data, while excess production costs must be recovered before royalty income resumes.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $4.0K · Total debt $944.5K · Total assets $2.7M · Shareholders' equity $1.7M
- Revenue
- $184
- Operating income
- −$194.0K
- Net income
- −$194.0K
HistoryDividendAnnual yield
| Institutions | 37.14% | 17.31M shares | |
|---|---|---|---|
| 86 holders · as of Jun 30, 2026 | |||
| Insiders | 4.29% | 2.00M shares | |
| 1 holder · as of Jan 23, 2017 | |||
| Strategic holders | 5.18% | 2.42M shares | |
| 1 holder · as of Dec 20, 2018 | |||
| Other | 53.39% | 24.88M shares | |
| remainder | |||
46.61M company shares as of Aug 24, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Horizon Kinetics Asset Management LLCInstitution | 16.08% | 7.49M | as of Jun 30, 2026 |
Nevada Capital Corporation Ltd.Strategic | 5.18% | 2.42M | filed Dec 20, 2018 |
Seymour SchulichInsider | 4.29% | 2.00M | filed Jan 23, 2017 |
Morgan StanleyInstitution | 3.35% | 1.56M | as of Jun 30, 2026 |
Cannell Capital LLCInstitution | 2.60% | 1.21M | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Permian Basin Royalty Trust
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- Sabine Royalty Trust
Diversified listed oil-and-gas royalty units for income-focused investors.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| San Juan Basin Royalty Trust | $3.03 | +1.68% | $138.9M | — | — | 132,406.3 | −93.8% |
| Permian Basin Royalty Trust | $33.34 | +0.23% | $1.55B | 94.9 | — | 87.6 | +34.4% |
| Cross Timbers Royalty Trust | $12.23 | −0.77% | $73.9M | 23.7 | — | 17.2 | −14.8% |
| Sabine Royalty Trust | $72.75 | +0.54% | $1.05B | 14.8 | — | 14.1 | +16.7% |
| Median | 23.7 | — | 17.2 | +16.7% |