Risk factors
San Juan Basin Royalty Trust (SJT) risk factors
Item 1A of every San Juan Basin Royalty Trust 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors26 risks4 new1 dropped4 reworded
The Trust added operational, accounting, and tax risks while updating operator recovery timelines and tax legislation references.
Filed Mar 27, 2026 - FY2024 10-K risk factors23 risks
Distributions depend heavily on volatile oil and gas prices realized by operator Hilcorp. Reserve estimates and asset depletion rates directly impact unit values and returns. Operator bankruptcies, production costs, and regulations heavily restrict operations and cash flows.
Filed Mar 31, 2025