Royalty Trust reports USD 1.08 million debt that tests San Juan Basin Royalty Trust stock

Published on 10/16/2026 at 03:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The trust reported a USD 2.00 million credit line on September 28, 2026. For San Juan Basin Royalty Trust stock, USD 1.08 million was outstanding.

Credit and distribution pressure

The September 28, 2026 update covered a USD 2.00 million credit facility and refinancing discussions.
Second-quarter 2026 royalty income was USD 0, while distributable loss reached USD 193,957.
The line of credit carried USD 1,075,400 of principal as of September 18, 2026.
San Juan Basin Royalty Trust had a USD 200.0 million market capitalization as of October 15, 2026.

SJT, US7982411057, Illustration mit AI erstellt.

San Juan Basin Royalty Trust (US7982411057) reported a USD 2.00 million credit facility and refinancing discussions in an update dated September 28, 2026. The facility had USD 1,075,400 outstanding as of September 18, 2026, according to PR Newswire.

Credit facility sets the central test

The Texas Bank facility matures on May 21, 2027. The trustee is discussing an extension, renewal or replacement while evaluating other financing sources, and the September update said national newswire distribution would resume with the October 2026 monthly release.

What does the latest report show?

The second-quarter 2026 filing reported USD 0 of royalty income and a distributable loss of USD 193,957. Cash and short-term investments stood at USD 4,019, while line-of-credit utilization reached USD 944,471 at June 30, 2026, according to MetaTrader.

Three dates frame the liquidity story

On July 21, 2026, the trust suspended its monthly cash distribution as excess production costs remained outstanding. On September 18, 2026, it reported USD 12,553,466 of gross cumulative excess production costs, USD 4,293,096 of July revenue from the subject interests and USD 5,415,731 of July production costs, according to the trust's official release. On September 28, 2026, the trustee detailed the USD 2.00 million facility and the planned October communications update.

The next explicit date is May 21, 2027

The credit facility maturity is the next explicit date in the liquidity update. The trust's distributions depend on future net proceeds covering excess production costs, a USD 2.00 million reserve and the credit-line principal and interest.

NYSE quote and trust structure

SJT was last quoted at USD 4.29 on October 15, 2026 at 4:00 p.m. ET on the NYSE, after the regular session. The finance profile describes a passive trust holding a 75% net overriding royalty interest in San Juan Basin oil and gas properties, with 119,000 net producing acres and 1,140 net wells.