Professional
Added to YB: 2025-05-19
Pitch date: 2025-04-30
SJT [neutral]
San Juan Basin Royalty Trust
-1.21%
current return
Author Info
No bio for this author
Company Info
San Juan Basin Royalty Trust operates as an express trust in Texas. The company has a 75% net overriding royalty interest in Southland's oil and natural gas interests in properties located in the San Juan Basin in northwestern New Mexico.
Market Cap
$300.2M
Pitch Price
$5.79
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
-1.1K
EV/Sales
12.2K
Sector
Oil, Gas and Consumable Fuels
Category
turnaround
Horizon Kinetics Portfolio Holding: San Juan Basin Royalty Trust
SJT (holding update): San Juan Basin Royalty Trust - no distributions since Apr'24 due to Hilcorp's 8x capex increase ($36M vs $4.4M in 2023). Expect 70% production boost and distribution resumption by May/Jun'25. At $3/mcf gas, projecting $43M/yr to trust (~17% yield). Forgotten gas field with CA pipeline access upside.
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