San Juan Basin Royalty Trust (SJT)

San Juan Basin Royalty Trust Announces Hilcorp's 2026 Capital PlanFebruary 19, 2026 7:17 PM
PR Newswire (US)

DALLAS, Feb. 19, 2026 /PRNewswire/ -- Argent Trust Company, as the trustee (the "Trustee") of the San Juan Basin Royalty Trust (the "Trust") (NYSE: SJT), announced that on Wednesday, February 18, 2026 the operator of the Trust's subject interests ("Subject Interests"), Hilcorp Energy Company ("Hilcorp") provided the Trust with its calendar year 2026 capital project plan for the Subject Interests (the "2026 Plan").  Under the 2026 Plan, Hilcorp estimates its 2026 capital expenditures for the Subject Interests to be approximately $14.0 million.Hilcorp informed the Trust that the 2026 Plan for the Subject Interests includes 32 projects. Approximately $11.5 million of the $14.0 million budget in the 2026 Plan will be allocated to nine new vertical drill projects to be completed in the Mesaverde, Mancos, and Dakota formations and six new horizontal drill projects in the Mancos formation.  Approximately $2.0 million of the $14.0 million budget will be allocated to 17 projects for recompletions and workovers in the Fruitland Coal and Pictured Cliffs formations, and approximately $0.5 million of the $14.0 million budget will be allocated to facilities projects related to natural gas compression and other facilities projects. Hilcorp further informed the Trust that its 2026 Plan is subject to revision if Hilcorp revises its assumptions underlying the 2026 Plan, and that actual capital costs may vary from these estimates.For calendar year 2025, Hilcorp projected capital expenditures of approximately $9.0 million.  Hilcorp informed the Trust that Hilcorp's actual capital expenditures from January 2025 through December 2025 totaled approximately $8.3 million.  Hilcorp reports that approximately $4.0 million was spent on seven drilling projects and approximately $4.3 million was spent on 23 recompletions and workovers.Forward Looking Statements. Except for historical information contained in this news release, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements generally are accompanied by words such as "estimates," "anticipates," "could," "plan," or other words that convey the uncertainty of future events or outcomes.  Forward-looking statements and the business prospects of San Juan Basin Royalty Trust are subject to a number of risks and uncertainties that may cause actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, certain information provided to the Trust by Hilcorp, volatility of oil and gas prices, governmental regulation or action, litigation, and uncertainties about estimates of reserves. These and other risks are described in the Trust's reports and other filings with the Securities and Exchange Commission.Contact:               San Juan Basin Royalty Trust
Argent Trust Company, Trustee
Nancy Willis, Director of Royalty Trust Services
Toll-free: (855) 588-7839 or (866) 809-4553
Fax: (214) 559-7010
Website: www.sjbrt.com 
Email: trustee@sjbrt.com 



View original content:https://www.prnewswire.com/news-releases/san-juan-basin-royalty-trust-announces-hilcorps-2026-capital-plan-302693218.htmlSOURCE San Juan Basin Royalty Trust

Original: San Juan Basin Royalty Trust Announces Hilcorp's 2026 Capital Plan

Someone please explain to me how reduced income creates a 40% increase in trust expenses? Seems the only one making money is the Trust administrator win-lose-or draw they always come out with all the profits.

monthly cash distribution $0.022864 per Unit, based primarily upon the reported production of the Trust’s subject interests during the month of February 2024, by the owner of the Subject Interests, The
distribution is payable May 14, 2024, to the Unit Holders of record as of April 30, 2024.

I have begun making small adds to my position for the TRUMP EFFECT when re-elected.

monthly cash distribution $0.041278 per Unit, based primarily upon the reported production of the Trust's subject interests (the "Subject Interests") during the month of January 2024. The distribution is payable April 12, 2024, to the Unit Holders of record as of March 28, 2024.

monthly cash distribution $0.030258 per Unit, based primarily upon the reported production of the Trust's subject interests (the "Subject Interests") during the month of December 2023. The distribution is payable March 14, 2024, to the Unit Holders of record as of February 29, 2024.

November production divi $0.016270 per Unit, based primarily upon the reported production of the Trust's subject interests (the "Subject Interests") during the month of November 2023. The distribution is payable February 14, 2024, to the Unit Holders of record as of January 31, 2024

October production divi $0.012323 per Unit, based primarily upon the reported production of the Trust’s subject interests (the “Subject Interests”) during the month of October 2023. The distribution is payable January 16, 2024, to the Unit Holders of record as of December 29, 2023

Ouchhh, September production divi $0.016910
per Unit, based primarily upon the reported production of the Trust’s subject interests (the “Subject Interests”) during the month of September 2023

Divi for August production .048694 per unit payable November 14th to holders as of Oct 31st

The divi destruction continues to get worse

$0.010201 per Unit another roughly 60% cut month over month.

From a great divi play to just another imploding turd in less than a year.

Stock is now, using simple mathematics, overvalued by about $6 a share IMO

WOW, just a penny dividend. Ive seen a lot of companies chop their dividends because of the Fed raising rates. SJT is no different.

Things were much rosier in the market under a Republican administration

Divi has been smashed to bits - a measly $0.016987 per Unit - a roughly 60% CUT month over month

Trust is not paying as it should IMO - looking for new lows

Divi got hammered this month.

$0.052724 per Unit, based primarily upon the reported production of the Trust's subject interests (the "Subject Interests") during the month of March 2023. The distribution is payable June 14, 2023, to the Unit Holders of record as of May 31, 2023.

Under $7.00 now and headed lower. Will pick up a bunch soon.
What is going on?? OPEC declared they would cut production the next 12 months.
Thought that was good for oil stocks. Just the opposite is happening.
Manipulation maybe??

picked up some $7.60's today, nice entry after the x date drop. Interesting variable divy

You got a good price per share. I paid $10.00 for mine. If it drops more I will load up.

Thanks

The divi is just a little smaller from same time last year, it moves between .10 and .16 anywhere in that range. Yes we are waiting for the supply cuts which should help revenue gains. I would absolutely love to see this drop to the $8 area and I would buy more. I own mine at $7.06 per share so the divi fluctuations don't really bother me.

That big divi was for year end I believe.

No wonder the huge share price drop . Huge divi drop as well yet they are poised to make a lot more money based on all the OPEC price cuts for the next 12 months.

Manipulation big time.

April divi declared - $0.103807 per Unit payable May 12th

Thanks Ernie. I thought the same as OPEC promised to cut production for the next 12 months.
This looks pretty good for the immediate future.

My bad SJT if fine it was another Royalty I own that has the Highlander problem.

I love SJT is has treated me well and I expect it will continue to pay well.

I expect the divi to drop back into the teens as I believe this last divi was for year end. Oil should continue to climb as OPEC cuts output.

Didn't know that. What happened to it.

The divi will evaporate in a month or two if they don't get the Highlander back on line and I haven't heard a word about it or whether will even restart it.

Lets see what April looks like. Big drop in share price. Might be because of the divi payment.
They usually announce aound the 21st of the month.

March divi comes in at $0.409688 per Unit Payable April 14th

SJT is the gift that keeps on giving...... MONTHLY.

February's divi just hit my account at .2498 per share.

New article - good read

https://articles.traderspro.com/index.php/2023/03/12/top-oil-royalty-trust-to-buy-now-3/

Correction: Dividend payable to holders as of Nov 30th will be $0.171971 per Unit
with a pay date of Dec 14th.

Q3 dividend $ 0.452950 per unit (share)

This trust is kickin azz as we enter winter time.

Unbelievable, do the math, this is on track if it kept up, for a almost 40% return!

Wow, a blockbuster month for the distribution.

$0.349121 per Unit - Almost triple the September divi

$0.124317 per Unit Distribution for September Payable October 17th

$0.183448 divi declared for August - payable Sept 15th

.142 per share divi for last month paid out today

Big Green day for SJT....

Good day here...

Will continue to add...also picked up some PRT

I strongly feel it was a good purchase, one of my better monthly divi payers.

I took a position here today

June divi declared $0.111613 per Unit which equates to a 12.16% increase over May's .0918 divi

Price has been dropping so it seems to getting close to add time.

I'm betting the divi will start to climb again with oil as high as it is.

Some of the past divis.

05/27/22
San Juan Basin Royalty Trust Dividend for SJT - $0.0918

04/28/22
San Juan Basin Royalty Trust Dividend for SJT - $0.0829

03/30/22
San Juan Basin Royalty Trust Dividend for SJT - $0.1191

02/25/22
San Juan Basin Royalty Trust Dividend for SJT - $0.0857

01/28/22
San Juan Basin Royalty Trust Dividend for SJT - $0.1034

12/30/21
San Juan Basin Royalty Trust Dividend for SJT - $0.1124

11/29/21
San Juan Basin Royalty Trust Dividend for SJT - $0.1498

$SJT continues to climb in silence, imagine what it could do with some eyes on it.

OMG, I can't believe nobody has posted on SJT since 2018. It's kickin azz AND pays monthly divi.

It's a beautiful thing here at $11 range.

well, so far I am pleased with sticking my toe in on this one. How many have been here for the long haul?

(DY) 12.5

28% yearly...

so this month's divi is .075? Sounds too good to be true.

$SJT could be ready to watchlist...