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San Juan Basin Royalty Trust (SJT)

Energy | Oil & Gas E&P | Dallas, United States | NYSE
4.29 USD -0.29 (-6.332%) ⇩ (Oct. 15, 2026, 4 p.m. EDT)
Short-term:★☆☆☆☆Long-term:⯪☆☆☆☆Dividends:☆☆☆☆☆
Hot Take ↕ | Oct. 10, 2026, 8:58 a.m. EDT

The San Juan Basin Royalty Trust is in a terminal decline, offering no safety margin for investors. The company has suspended cash distributions, leaving shareholders with nothing but a shrinking asset base and a negative payout ratio that erodes capital. Fundamentally, the business is broken with negative operating margins and a massive debt load relative to its tiny equity base. While the price has recently ticked up slightly, this is a dead cat bounce in a stock that has lost nearly half its value over the last decade. The options market confirms this pessimism, with traders placing heavy bets on further downside. There is no recovery story here; the trust is bleeding value daily.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.141944
AutoETS0.141947
MSTL0.147023
AutoTheta0.220655

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 22%
H-stat 175.12
Ljung-Box p 0.000
Jarque-Bera p 0.089
Excess Kurtosis -0.58
Attribute Value
Sector Energy
Ex Dividend Date 2024-04-28
Last Dividend Date 2024-04-28
Debt to Equity Ratio 54.495
Market Cap 199,951,728
Beta 0.70
Website https://www.sjbrt.com

As of Oct. 10, 2026, 8:58 a.m. EDT: Speculators are positioning for continued weakness with heavy put volume relative to calls. The October expiration shows significant open interest in the $5.00 strike for both sides, but the January 2027 data reveals a stark divergence: massive call volume at the $5.00 strike versus negligible put volume there, while deep out-of-the-money puts ($2.50) dominate the open interest profile for longer-dated expirations. This suggests traders are betting on a slow grind lower rather than a sudden crash, with the $5.00 level acting as a psychological barrier where buyers are scarce.

Dividend Data

Dividend History
Date Dividend Yield %
2024-04-29 0.023 0.527523
2024-03-27 0.041 0.773585
2024-02-28 0.030 0.539568
2024-01-30 0.016 0.323232
2023-12-28 0.012 0.233918
2023-11-29 0.017 0.247813
2023-10-30 0.049 0.685315
2023-09-28 0.054 0.767045
2023-08-30 0.021 0.303907
2023-07-28 0.010 0.127877
2023-06-29 0.017 0.228188
2023-05-30 0.053 0.656753
2023-04-27 0.104 1.313131
2023-03-30 0.410 4.039409
2023-02-27 0.250 2.260398
2023-01-30 0.112 1.099117
2022-12-29 0.096 0.837696
2022-11-29 0.172 1.476395
2022-10-28 0.349 3.336520
2022-09-29 0.124 1.299790
2022-08-30 0.183 1.400153
2022-07-28 0.145 1.167472
2022-06-29 0.112 1.187699
2022-05-27 0.092 0.713178
2022-04-28 0.083 0.788224
2022-03-30 0.119 1.344633
2022-02-25 0.086 1.228571
2022-01-28 0.103 1.537313
2021-12-30 0.112 1.863561
2021-11-29 0.150 2.167630
2021-10-28 0.068 0.982659
2021-09-29 0.037 0.731225
2021-07-29 0.085 1.612903
2021-06-29 0.018 0.351563
2021-05-27 0.040 0.718133
2021-04-29 0.096 1.991701
2021-03-30 0.053 1.302211
2021-02-25 0.055 1.303318
2021-01-28 0.059 1.625344
2020-12-30 0.006 0.226415
2020-11-27 0.027 0.685279
2020-10-29 0.014 0.466667
2020-05-28 0.004 0.133779
2020-04-29 0.008 0.312500
2020-03-30 0.032 1.576355
2020-02-27 0.037 1.561182
2020-01-30 0.030 1.200000
2019-12-30 0.002 0.086957
2019-05-30 0.027 0.665025
2019-04-29 0.016 0.345572
2019-03-28 0.044 0.797101
2019-02-27 0.057 1.165644
2019-01-30 0.028 0.593220
2018-12-28 0.024 0.462428
2018-11-29 0.037 0.691589
2018-10-30 0.075 1.479290
2018-08-30 0.032 0.538721
2018-07-30 0.029 0.484140
2018-05-30 0.015 0.227273
2018-04-27 0.039 0.558739
2018-03-28 0.031 0.382244
2018-02-27 0.036 0.408163
2018-01-30 0.067 0.717345
2017-12-28 0.073 0.874251
2017-11-29 0.072 0.858164
2017-10-30 0.073 0.959264
2017-09-28 0.217 2.750317
2017-08-29 0.041 0.607407
2017-07-27 0.061 0.899705
2017-06-28 0.039 0.566038
2017-05-26 0.038 0.519126
2017-04-26 0.052 0.716253
2017-03-29 0.071 1.017192
2017-02-24 0.063 0.947368
2017-01-27 0.040 0.514801
2016-12-28 0.063 0.926471
2016-11-28 0.049 0.799347
2016-10-27 0.053 0.825545
2016-09-28 0.040 0.661157
2016-08-29 0.018 0.282575
2016-07-27 0.028 0.421687
2016-06-28 0.003 0.041152
2016-05-26 0.003 0.044843
2016-04-27 0.004 0.060976
2016-03-29 0.004 0.080321
2016-02-25 0.018 0.360000
2016-01-27 0.016 0.331950
2015-12-29 0.028 0.587002
2015-11-25 0.017 0.309654
2015-10-28 0.037 0.463079
2015-09-28 0.053 0.588889
2015-08-27 0.029 0.275665
2015-07-29 0.026 0.232143
2015-06-26 0.030 0.276498
2015-03-27 0.027 0.221493
2015-02-25 0.070 0.471380
2015-01-28 0.049 0.348259
2014-12-29 0.082 0.586972
2014-11-25 0.082 0.470723
2014-10-29 0.101 0.580126
2014-09-26 0.114 0.600000
2014-08-27 0.105 0.561798
2014-07-29 0.118 0.664789
2014-06-26 0.138 0.709147
2014-05-28 0.140 0.744681
2014-04-28 0.103 0.556757
2014-03-27 0.119 0.677291
2014-02-26 0.087 0.497143
2014-01-29 0.096 0.549513
2013-12-27 0.096 0.574850
2013-11-26 0.110 0.660264
2013-10-29 0.097 0.579450
2013-09-26 0.095 0.584256
2013-08-28 0.090 0.527241
2013-07-29 0.104 0.632988
2013-06-26 0.081 0.513959
2013-05-29 0.038 0.240811
2013-02-26 0.027 0.165037
2013-01-29 0.046 0.299284
2012-12-27 0.027 0.210117
2012-11-28 0.001 0.007722
2012-09-26 0.011 0.081241
2012-08-29 0.036 0.264123
2012-07-27 0.052 0.321782
2012-06-27 0.071 0.481356
2012-05-29 0.069 0.431790
2012-04-26 0.083 0.509515
2012-03-28 0.086 0.428714
2012-02-27 0.109 0.584764
2012-01-27 0.119 0.602532
2011-12-28 0.149 0.648955
2011-11-28 0.135 0.570101
2011-10-27 0.122 0.495130
2011-09-28 0.133 0.580786
2011-08-29 0.116 0.470016
2011-07-27 0.130 0.534979
2011-06-28 0.124 0.522325
2011-05-26 0.131 0.547201
2011-04-27 0.083 0.330414
2011-03-29 0.095 0.350037
2011-02-24 0.138 0.557801
2011-01-27 0.086 0.363483
2010-12-29 0.109 0.450413
2010-11-26 0.108 0.441899
2010-10-27 0.133 0.549814
2010-09-28 0.166 0.678105
2010-08-27 0.101 0.447298
2010-07-28 0.138 0.530769
2010-06-28 0.115 0.449922
2010-05-26 0.203 0.921889
2010-04-28 0.147 0.611990
2010-03-29 0.180 0.869145
2010-02-24 0.144 0.701071
2010-01-27 0.138 0.690691
2009-12-29 0.111 0.636103
2009-11-25 0.054 0.296703
2009-10-28 0.101 0.585507
2009-09-28 0.053 0.293466
2009-08-27 0.061 0.412162
2009-07-29 0.035 0.263356
2009-06-26 0.006 0.041899
2009-05-27 0.026 0.155595
2009-04-28 0.006 0.043197
2009-03-27 0.052 0.353742
2009-02-25 0.099 0.638298
2009-01-28 0.041 0.188073
2008-12-29 0.156 0.576923
2008-11-25 0.211 0.721121
2008-10-29 0.291 0.782048
2008-09-26 0.450 1.168224
2008-08-27 0.349 0.812762
2008-07-29 0.322 0.852077
2008-06-26 0.299 0.653552
2008-05-28 0.272 0.643787
2008-04-28 0.181 0.452726
2008-03-27 0.081 0.219631
2008-02-27 0.236 0.610292
2008-01-29 0.223 0.638968
2007-12-27 0.192 0.575540
2007-11-28 0.174 0.505814
2007-10-29 0.193 0.529783
2007-09-26 0.241 0.718974
2007-08-29 0.256 0.801252
2007-07-27 0.305 0.955813
2007-06-27 0.205 0.642835
2007-05-29 0.198 0.614334
2007-04-26 0.151 0.475142
2007-03-28 0.116 0.370725
2007-02-26 0.217 0.678549
2007-01-29 0.182 0.564516
2006-12-27 0.098 0.294737
2006-11-28 0.211 0.551634
2006-10-27 0.257 0.684603
2006-09-27 0.226 0.643508
2006-08-29 0.219 0.567064
2006-07-27 0.222 0.573347
2006-06-28 0.185 0.481896
2006-05-26 0.233 0.630070
2006-04-26 0.181 0.457649
2006-03-29 0.331 0.787720
2006-02-24 0.338 0.820388
2006-01-27 0.415 0.922222
2005-12-28 0.409 0.950942
2005-11-28 0.335 0.781979
2005-10-27 0.244 0.585132
2005-09-28 0.196 0.400082
2005-08-29 0.217 0.489510
2005-07-27 0.280 0.622222
2005-06-28 0.262 0.620853
2005-05-26 0.264 0.742616
2005-04-27 0.215 0.570898
2005-03-29 0.299 0.851852
2005-02-24 0.237 0.663680
2005-01-27 0.296 0.959481
2004-12-29 0.215 0.724394
2004-11-26 0.199 0.645266
2004-10-27 0.214 0.677001
2004-09-28 0.227 0.741830
2004-08-27 0.238 0.862319
2004-07-28 0.273 0.995261
2004-06-28 0.191 0.796165
2004-05-26 0.180 0.782609
2004-04-28 0.165 0.781250
2004-03-29 0.196 0.968379
2004-02-25 0.133 0.681004
2004-01-28 0.115 0.577020
2003-12-29 0.149 0.688540
2003-11-25 0.167 0.860381
2003-10-29 0.144 0.777958
2003-09-26 0.192 1.080473
2003-08-27 0.173 0.967562
2003-07-29 0.145 0.892308
2003-06-26 0.128 0.711111
2003-05-28 0.264 1.507710
2003-04-28 0.158 1.058981
2003-03-27 0.199 1.369580
2003-02-26 0.118 0.780423
2003-01-29 0.101 0.726096
2002-12-27 0.089 0.647273
2002-11-26 0.044 0.334855
2002-10-29 0.116 0.930233
2002-09-26 0.104 0.894239
2002-08-28 0.078 0.672414
2002-07-29 0.082 0.796116
2002-06-26 0.085 0.761649
2002-05-29 0.099 0.900819
2002-03-26 0.065 0.547138
2001-11-28 0.024 0.233010
2001-10-29 0.038 0.330148
2001-09-26 0.069 0.684524
2001-08-29 0.109 0.827011
2001-07-27 0.116 0.836941
2001-06-27 0.167 1.307752
2001-05-29 0.173 1.054235
2001-04-26 0.224 1.251397
2001-03-28 0.399 2.560976
2001-02-26 0.263 1.853418
2001-01-29 0.137 1.014815
2000-12-27 0.150 1.200000
2000-11-28 0.101 0.892818
2000-10-27 0.102 0.922034
2000-09-27 0.159 1.346032
2000-08-29 0.140 1.341317
2000-07-27 0.123 1.269677
2000-06-28 0.165 1.692308
2000-05-26 0.050 0.512821
2000-04-26 0.067 0.714667
2000-03-29 0.060 0.619355
2000-02-25 0.063 0.650323
2000-01-27 0.090 0.900000
1999-12-29 0.083 0.814724
1999-11-26 0.092 0.968421
1999-10-27 0.068 0.715789
1999-09-28 0.056 0.630986
1999-08-27 0.042 0.494118
1999-07-28 0.068 0.856693
1999-06-28 0.031 0.387500
1999-05-26 0.045 0.600000
1999-04-28 0.047 0.621488
1999-03-29 0.045 0.679245
1999-02-24 0.048 0.853333
1999-01-27 0.052 0.857732
1998-12-29 0.052 0.990476
1998-11-25 0.032 0.550538
1998-10-28 0.062 1.022680
1998-09-28 0.047 0.671429
1998-08-27 0.037 0.623158
1998-07-29 0.071 1.005310
1998-06-26 0.041 0.542149
1998-05-27 0.056 0.700000
1998-04-28 0.039 0.476336
1998-03-27 0.075 0.909091
1998-02-25 0.081 0.900000
1998-01-28 0.095 1.078014
1997-12-29 0.109 1.186395
1997-11-25 0.083 0.867974
1997-10-29 0.066 0.664151
1997-09-26 0.067 0.678481
1997-08-27 0.077 0.861538
1997-07-29 0.072 0.828777
1997-06-26 0.068 0.836923
1997-05-28 0.045 0.580645
1997-04-28 0.076 1.030508
1997-03-26 0.153 2.006557
1997-02-26 0.137 1.767742
1997-01-29 0.101 1.188235
1996-12-27 0.067 0.788235
1996-11-26 0.048 0.619355
1996-10-29 0.059 0.874074
1996-09-26 0.454 7.264000
1996-08-28 0.009 0.138462
1996-07-29 0.021 0.305455
1996-06-26 0.006 0.097959
1996-05-29 0.022 0.359184
1996-04-26 0.032 0.512000
1996-03-27 0.024 0.369231
1996-02-27 0.025 0.400000
1996-01-29 0.025 0.400000
1995-12-27 0.009 0.146939
1995-11-28 0.010 0.153846
1995-10-27 0.007 0.114286
1995-09-27 0.028 0.407273
1995-08-29 0.032 0.501961
1995-07-27 0.017 0.261538
1995-06-28 0.029 0.483333
1995-05-24 0.042 0.646154
1995-04-24 0.031 0.467925
1995-03-27 0.035 0.491228
1995-02-22 0.038 0.573585
1995-01-25 0.039 0.624000
1994-12-23 0.041 0.669388
1994-11-23 0.029 0.429630
1994-10-25 0.049 0.675862
1994-09-26 0.026 0.340984
1994-08-25 0.013 0.176271
1994-07-25 0.041 0.482353
1994-06-24 0.058 0.662857
1994-05-24 0.064 0.752941
1994-04-25 0.062 0.751515
1994-03-25 0.061 0.728358
1994-02-22 0.045 0.473684
1994-01-25 0.040 0.432432
1993-12-27 0.065 0.675325
1993-11-23 0.085 0.871795
1993-10-25 0.094 0.884706
1993-09-24 0.077 0.789744
1993-08-25 0.035 0.354430
1993-07-26 0.080 0.914286
1993-06-24 0.059 0.637838
1993-05-24 0.052 0.585915
1993-04-26 0.048 0.526027
1993-03-25 0.067 0.754930
1993-02-22 0.075 0.983607
1993-01-25 0.059 0.828070
1992-12-24 0.046 0.645614
1992-11-23 0.045 0.620690
1992-10-26 0.039 0.520000
1992-09-24 0.025 0.322581
1992-08-25 0.033 0.463158
1992-07-27 0.038 0.542857
1992-06-24 0.290 4.296296
1992-05-22 0.023 0.347170
1992-04-24 0.038 0.633333
1992-03-25 0.048 0.834783
1992-02-24 0.036 0.685714
1992-01-27 0.037 0.721951
1991-12-24 0.018 0.351220
1991-11-22 0.020 0.347826
1991-08-26 0.001 0.018182
1991-07-25 0.011 0.191304
1991-06-24 0.246 4.187234
1991-05-24 0.028 0.486957
1991-04-24 0.003 0.050000
1991-03-22 0.049 0.816667
1991-02-22 0.047 0.854545
1991-01-25 0.030 0.600000
1990-12-24 0.010 0.177778
1990-06-25 0.232 3.256140
1990-04-24 0.021 0.284746
1990-03-26 0.029 0.393220
1990-02-22 0.031 0.400000
1990-01-25 0.028 0.379661
1989-12-22 0.006 0.078689
1989-07-25 0.002 0.023188
1989-06-26 0.005 0.065574
1989-05-24 0.025 0.289855
1989-04-24 0.055 0.611111
1989-03-27 0.028 0.329412
1989-02-22 0.022 0.262687
1989-01-25 0.028 0.344615
1988-12-23 0.017 0.226667
1988-07-25 0.095 1.407407
1988-05-24 0.042 0.600000
1988-04-25 0.048 0.650847
1988-03-25 0.070 0.949153
1988-02-23 0.038 0.498361
1988-01-25 0.026 0.330159
1987-12-24 0.017 0.222951
1987-11-23 0.024 0.320000
1987-10-26 0.032 0.426667
1987-09-24 0.028 0.311111
1987-08-25 0.025 0.266667
1987-07-27 0.029 0.322222
1987-06-24 0.040 0.444444
1987-05-22 0.034 0.418462
1987-04-24 0.036 0.505263
1987-03-25 0.043 0.513433
1987-02-23 0.032 0.382090
1987-01-26 0.042 0.533333
1986-12-24 0.028 0.367213
Additional Data
dividendYield 0.0
exDividendDate 2024-04-29
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
lastDividendValue 0.023
lastDividendDate 2024-04-29
dividendDate 2024-05-14

Info Dump

Attribute Value
52 Week Change -0.21428573
Address1 3,838 Oak Lawn Avenue
Address2 Suite 1720
All Time High 51.45
All Time Low 1.39
Ask 4.75
Ask Size 400
Average Daily Volume10 Day 534,830
Average Daily Volume3 Month 320,426
Average Volume 320,426
Average Volume10Days 534,830
Beta 0.696
Bid 4.1
Bid Size 300
Book Value 0.037
City Dallas
Country United States
Crypto Tradeable 0
Currency USD
Current Price 4.29
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 4.73
Day Low 4.19
Debt To Equity 54.495
Dividend Date 1,715,644,800
Dividend Yield 0.0
Earnings Timestamp End 1,755,518,400
Earnings Timestamp Start 1,754,996,340
Ebitda Margins 0.0
Enterprise To Revenue 191,508.28
Enterprise Value 200,892,192
Eps Trailing Twelve Months -0.02
Esg Populated 0
Ex Dividend Date 1,714,348,800
Exchange NYQ
Exchange Data Delayed By 20
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 3.1838
Fifty Day Average Change 1.1062
Fifty Day Average Change Percent 0.34744644
Fifty Two Week Change Percent -21.428574
Fifty Two Week High 6.55
Fifty Two Week High Change -2.2600002
Fifty Two Week High Change Percent -0.3450382
Fifty Two Week Low 2.37
Fifty Two Week Low Change 1.9200001
Fifty Two Week Low Change Percent 0.81012666
Fifty Two Week Range 2.37 - 6.55
Financial Currency USD
First Trade Date Milliseconds 341,242,200,000
Five Year Avg Dividend Yield 5.03
Float Shares 39,114,568
Full Exchange Name NYSE
Fullday Change -0.33190012
Fullday Change Percent -7.246727
Fullday Price 4.29
Gmt Off Set Milliseconds -14,400,000
Gross Margins 1.0
Gross Profits 1,049
Has Pre Post Market Data 1
Held Percent Insiders 0.0
Held Percent Institutions 0.37474
Implied Shares Outstanding 46,608,797
Industry Oil & Gas E&P
Industry Disp Oil & Gas E&P
Industry Key oil-gas-e-p
Ir Website http://www.sjbrt.com/Distribution.html
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,714,348,800
Last Dividend Value 0.023
Last Fiscal Year End 1,767,139,200
Long Business Summary San Juan Basin Royalty Trust operates as an express trust in Texas. It 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. The company also owns subject interests consist of working interests, royalty interests, overriding royalty interests, and other contractual rights in 119,000 net-producing acres in San Juan, Rio Arriba, and Sandoval Counties of northwestern New Mexico. San Juan Basin Royalty Trust was incorporated in 1980 and is based in Dallas, Texas.
Long Name San Juan Basin Royalty Trust
Market us_market
Market Cap 199,951,728
Market State PRE
Max Age 86,400
Message Board Id finmb_301710
Most Recent Quarter 1,782,777,600
Net Income To Common -781,688
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 144,487,267
Open 4.6
Operating Margins -1,078.1086
Payout Ratio 1.0
Peg Ratio 0.72
Phone 866 809 4553
Previous Close 4.58
Price Hint 4
Price To Book 115.945946
Price To Sales Trailing12 Months 190,611.75
Profit Margins 0.0
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.29
Regular Market Change Percent -6.33188
Regular Market Day High 4.73
Regular Market Day Low 4.19
Regular Market Day Range 4.19 - 4.73
Regular Market Open 4.6
Regular Market Previous Close 4.58
Regular Market Price 4.29
Regular Market Time 1,792,094,402
Regular Market Volume 517,843
Return On Assets -0.18654
Return On Equity -0.36803
Revenue Growth -0.938
Revenue Per Share 0.0
Sand P52 Week Change 0.16207206
Sector Energy
Sector Disp Energy
Sector Key energy
Shares Outstanding 46,608,796
Shares Percent Shares Out 0.0292
Shares Short 1,359,846
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 1,290,558
Short Name San Juan Basin Royalty Trust
Short Percent Of Float 0.0292
Short Ratio 3.96
Source Interval 15
State TX
Symbol SJT
Total Cash 4,019
Total Cash Per Share 0.0
Total Debt 944,471
Total Revenue 1,049
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps -0.02
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 4.1059
Two Hundred Day Average Change 0.18410015
Two Hundred Day Average Change Percent 0.044837955
Type Disp Equity
Volume 517,843
Website https://www.sjbrt.com
Zip 75,219