---
title: "San Juan Basin Royalty Trust | 8-K: FY2026 Q2 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290233599.md"
datetime: "2026-06-18T18:01:21.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290233599.md)
  - [en](https://longbridge.com/en/news/290233599.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290233599.md)
generator: "portal-rs"
---

# San Juan Basin Royalty Trust | 8-K: FY2026 Q2 Revenue: USD 0

Revenue: As of FY2026 Q2, the actual value is USD 0.

EPS: As of FY2026 Q2, the actual value is USD 0.

EBIT: As of FY2026 Q2, the actual value is USD -48.78 K.

#### Operational Decision

San Juan Basin Royalty Trust announced it would not declare a monthly cash distribution to unit holders for June 2026 . This decision was attributed to excess production costs for the Trust’s subject interests and continued low natural gas pricing .

#### Cumulative Excess Production Costs

-   The balance of cumulative excess production costs is approximately $9,258,749 gross, or $6,944,062 net to the Trust .
-   This represents an increase in the deficit of $774,601 gross, or $580,950 net to the Trust, from the prior month .

#### Total Revenue (April 2026)

-   Total revenue from Subject Interests was $3,023,335 .
-   This consisted of $2,646,258 in gas revenues and $377,077 in oil revenues .

#### Production Costs (April 2026)

-   Production costs (excluding the balance of excess production costs) totaled $3,797,936 .
-   These costs included $2,940,273 for lease operating expenses, $341,260 for severance taxes, and $516,403 for capital costs .

#### Gas Volumes

-   Gas volumes for April 2026 totaled 2,065,583 Mcf (2,295,092 MMBtu) .
-   This compares to 2,077,611 Mcf (2,308,457 MMBtu) for March 2026 .

#### Average Gas Price

-   The average gas price for April 2026 was $1.28 per Mcf ($1.15 per MMBtu) .
-   This was an increase of $0.08 per Mcf ($0.07 per MMBtu) compared to the March 2026 average gas price of $1.20 per Mcf ($1.08 per MMBtu) .

#### Trust Administrative Expenses

-   Trust administrative expenses for June totaled $48,800 .
-   These expenses will be covered by $19 in interest income and a $48,781 draw from the Line of Credit .

#### Line of Credit

-   The outstanding principal balance on the Line of Credit will be $944,470 after the June draw .

#### Cash Reserves

-   The balance of cash reserves maintained by the Trust is currently $3,891, unchanged from the prior month .

#### Outlook / Guidance

San Juan Basin Royalty Trust will not make cash distributions until future net proceeds are sufficient to repay the $6,944,062 net balance of cumulative excess production costs, replenish a $2,000,000 reserve, and repay the principal and interest on its Line of Credit . Once these conditions are met, the Trust will resume royalty income distributions . The Trust has been self-publishing monthly press releases on its website since July 21, 2025, due to depleted cash reserves and to conserve Line of Credit resources .

### Related Stocks

- [SJT.US](https://longbridge.com/en/quote/SJT.US.md)

## Related News & Research

- [SJT: No distributions were made as excess production costs and low gas prices drove negative income](https://longbridge.com/en/news/295833730.md)
- [SAN JUAN BASIN ROYALTY TRUST Q2 2026: Revenue $0 EPS N/A — 10-Q Summary](https://longbridge.com/en/news/295833887.md)
- [Nat-Gas Prices Climb on Sweltering US Heat](https://longbridge.com/en/news/297553428.md)
- [Nat-Gas Prices Fall Ahead of Opening of Texas Pipeline](https://longbridge.com/en/news/297362013.md)
- [Nat-Gas Prices Jump on Hot US Temps and Expectations of a Smaller Storage Build](https://longbridge.com/en/news/297080225.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**