San Juan Basin Royalty Trust Files 8-K on Financial Obligations
Ticker: SJT · Form: 8-K · Filed: Dec 20, 2024 · CIK: 319655
Sentiment: neutral
Topics: debt, financial-obligation, sec-filing
TL;DR
SJT filed an 8-K on 12/20/24 about accelerated financial obligations.
AI Summary
San Juan Basin Royalty Trust filed an 8-K on December 20, 2024, reporting a triggering event that accelerates or increases a direct financial obligation. The filing also includes financial statements and exhibits. The Trust is incorporated in Texas and its principal executive offices are located in Dallas, Texas.
Why It Matters
This 8-K filing indicates a potential change or acceleration in the Trust's financial obligations, which could impact its financial health and distributions to unitholders.
Risk Assessment
Risk Level: medium — Filings related to accelerated financial obligations can signal potential financial distress or significant changes in the company's debt structure.
Key Numbers
- 001-08032 — Commission File Number (Identifies the Trust's filing with the SEC.)
- 75-6279898 — IRS Employer Identification No. (The Trust's tax identification number.)
Key Players & Entities
- San Juan Basin Royalty Trust (company) — Registrant
- December 20, 2024 (date) — Date of Report
- Texas (location) — State of Incorporation
- Argent Trust Company (company) — Trustee
- Dallas, Texas (location) — Principal Executive Offices
FAQ
What specific financial obligation has been accelerated or increased for San Juan Basin Royalty Trust?
The filing indicates a triggering event that accelerates or increases a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific details of the obligation are not provided in this summary.
When was this 8-K filing submitted?
The 8-K filing was submitted on December 20, 2024.
Who is the trustee for the San Juan Basin Royalty Trust?
Argent Trust Company is the Trustee for the San Juan Basin Royalty Trust.
What is the business address of the San Juan Basin Royalty Trust?
The business address is C/O Argent Trust Company, 3838 Oak Lawn Ave., Ste 1720, Dallas, Texas 75219.
What is the SIC code for San Juan Basin Royalty Trust?
The Standard Industrial Classification (SIC) code is 6792 for Oil Royalty Traders.
Filing Stats: 501 words · 2 min read · ~2 pages · Grade level 12.7 · Accepted 2024-12-20 11:08:15
Filing Documents
- copy_of_sjt_december_202.htm (8-K) — 35KB
- sjt-ex99_1.htm (EX-99.1) — 14KB
- 0000950170-24-138865.txt ( ) — 51KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On December 20, 2024, the San Juan Basin Royalty Trust (the Trust) issued a press release, a copy of which is attached hereto as Exhibit 99.1, announcing that it would not declare a monthly cash distribution to the holders of its units of beneficial interest (Units) for December 2024 due to continued lower natural gas prices and increased production and capital costs that exceeded proceeds during the production month of October 2024. In accordance with general instruction B.2 to Form 8-K, the information in this Form 8-K shall be deemed “furnished” and not “filed” with the Securities and Exchange Commission for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. Exhibit No. Description 99.1 Press Release dated December 20, 2024
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. By: ARGENT TRUST COMPANY, AS TRUSTEE FOR THE SAN JUAN BASIN ROYALTY TRUST (Registrant) Date: December 20, 2024 By: /S/ NANCY WILLIS Nancy Willis Director of Royalty Trust Services