Why These Energy Stocks are Losing This Week

5. San Juan Basin Royalty Trust (NYSE:SJT

Share Price Decline Between June 18 – June 25: 14.13%

San Juan Basin Royalty Trust (NYSE:SJT) operates as an express trust that holds a 75% net overriding royalty interest in oil and natural gas properties in the San Juan Basin of northwestern New Mexico, distributing monthly royalty income to unit holders.

The share price of San Juan Basin Royalty Trust (NYSE:SJT) declined after the company announced that it would not declare a monthly cash distribution to unitholders for June 2025, due to the application of net proceeds of $294,238 on excess production costs of approximately $14.77 million. The excess production costs accrued as a result of Hilcorp drilling two new horizontal wells in 2024.

San Juan Basin Royalty Trust (NYSE:SJT) revealed that it will not receive royalty income until the excess costs are paid in full. The Trust clarified to its investors that no cash distributions will be made until future net proceeds are sufficient to pay its liabilities and replenish cash reserves.