San Juan Basin Royalty Trust (NYSE: SJT) said it will not declare a monthly cash distribution for September 2026, citing excess production costs from prior periods and continued low natural gas prices.
Hilcorp reported $4.29 million in total revenue from the Trust’s Subject Interests for July 2026, while production costs were $5.42 million. The Trust’s net cumulative excess production-cost balance was approximately $9.42 million.
- July gas revenue totaled $4.12 million, while oil revenue totaled $176,768.
- July production costs included $2.92 million of lease operating expenses, $385,466 of severance taxes, and $2.11 million of capital costs.
- Gas production totaled 2.05 million Mcf in July, compared with 1.95 million Mcf in June.
- The average July gas price was $2.01 per Mcf, up from $1.46 per Mcf in June.
- The Trust’s line of credit principal balance is expected to reach $1.08 million after a $44,606 draw for September administrative expenses.
$SJT Hedge Fund Activity
We have seen 29 institutional investors add shares of $SJT stock to their portfolio, and 49 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MOUNTAINEER PARTNERS MANAGEMENT, LLC removed 732,351 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $3,522,608
- PRINCIPIA WEALTH ADVISORY, LLC removed 531,022 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $2,554,215
- HORIZON KINETICS ASSET MANAGEMENT LLC added 515,179 shares (+7.4%) to their portfolio in Q2 2026, for an estimated $1,653,724
- CANNELL CAPITAL LLC added 303,297 shares (+33.3%) to their portfolio in Q2 2026, for an estimated $973,583
- PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. removed 297,811 shares (-31.7%) from their portfolio in Q2 2026, for an estimated $955,973
- LESA SROUFE & CO added 234,394 shares (+67.6%) to their portfolio in Q2 2026, for an estimated $752,404
- LPL FINANCIAL LLC removed 232,127 shares (-61.1%) from their portfolio in Q2 2026, for an estimated $745,127
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
