EX-99.1 2 sjt-ex99_1.htm EX-99.1 EX-99.1 News Release San Juan Basin Royalty Trust Declares No Cash Distribution for June 2026 DALLAS, Texas, June 18, 2026 Argent Trust Company, as the trustee (the “Trustee”) of the San Juan Basin Royalty Trust (the “Trust”) (NYSE: SJT), today reported that it will not declare a monthly cash distribution to the holders of its units of beneficial interest (the “Unit Holders”) due to excess production costs incurred during prior periods for the Trust’s royalty interest burdening the subject interests (“Subject Interests”), as well as continued low natural gas pricing. Excess production costs occur when production costs and capital expenditures exceed the gross proceeds for a certain period. The balance of cumulative excess production costs is currently approximately $9,258,749 gross ($6,944,062 net to the Trust), an increase in the deficit of $774,601 gross ($580,950 net to the Trust) from last month’s reporting period. Hilcorp will continue to charge the balance of excess production costs to the Trust’s net proceeds each month. Until the balance is paid in full, the Trust will not receive royalty income as all net proceeds will be applied to …
Open exhibit ↗Current Report · Items 2.02, 9.01 · 8-K
SAN JUAN BASIN ROYALTY TRUST
Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On June 18, 2026, the San Juan Basin Royalty Trust (the "Trust") issued a press release, a copy of which is attached hereto as Exhibit 99.1, announcing that it would not declare a monthly cash distribution to the holders of its units of beneficial interest ("Units") for June due to excess production costs for the Trust’s subject interests (“…
Disclosure sections
Item 2.02Item 2.02 - Results of Operations
Item 2.02 Results of Operations and Financial Condition.
On June 18, 2026, the San Juan Basin Royalty Trust (the "Trust") issued a press release, a copy of which is attached hereto as Exhibit 99.1, announcing that it would not declare a monthly cash distribution to the holders of its units of beneficial interest ("Units") for June due to excess production costs for the Trust’s subject interests (“Subject Interests”), as well as continued low natural gas pricing.
In accordance with general instruction B.2 to Form 8-K, the information in this Form 8-K shall be deemed “furnished” and not “filed” with the Securities and Exchange Commission for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.