SAN JUAN BASIN ROYALTY TRUST — Form 8-K
Filed August 21, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 78/100
What the filing says
The Trust announced on August 21, 2026, it will not declare a monthly cash distribution for August 2026 to unit holders. Excess production costs total $11.43M gross ($8.57M net to Trust), increasing $1.80M gross ($1.35M net) from July; the Trust has also drawn $31,986 from its $1.03M line of credit to cover August administrative expenses. No distributions will resume until excess costs are repaid, a $2M reserve is established, and the line of credit is paid off.
Why this rating
Suspension of distributions is material for a trust whose core purpose is distributing royalty income to unit holders. Cumulative excess costs exceed net cash on hand, creating solvency risk and signaling operational distress under current gas pricing and cost structure.
Extracted items
- 2.02 results / earnings
- 9.01 exhibits
See more from August 21, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.