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Upturn AI Summary - About
San Juan Basin Royalty Trust(SJT)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for SJT
09/25/2026: SJT (1-star) has a low Upturn Star Rating. Not recommended to BUY.
San Juan Basin Royalty Trust is a pass-through entity that distributes net profits from natural gas production in New Mexico to its unit holders. The trust's main strength is its direct exposure to regional gas production without the burden of corporate taxes or operational costs. The primary investment story relies on commodity price cycles, where rising gas prices lead to increased distributions. However, the trust faces significant risks, including unpredictable commodity price volatility, the natural depletion of aging reserves, and limited control over the operator's cost management. This stock may suit income-focused investors who understand the risks of variable, non-guaranteed payouts and the finite life of the underlying assets.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | The trust is a depleting asset and does not offer long-term capital appreciation or business growth. |
| Momentum investor | Mixed fit | Momentum investors may trade the trust during periods of rising natural gas prices, but it is not a traditional momentum play. |
| Value investor | Mixed fit | While the trust can appear cheap based on current distributions, the declining reserve base makes valuation highly complex. |
| Dividend investor | Strong fit | The trust is specifically designed for income-focused investors, though payouts are variable and risky. |
| Low-risk investor | Weak fit | High sensitivity to commodity price volatility makes this unsuitable for conservative, low-risk capital. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | Distributions are directly linked to market prices for natural gas, leading to large fluctuations in income. |
| Valuation risk | Medium / high | Accurately valuing a depleting asset with uncertain future production is challenging for investors. |
| Competition risk (commodity price dependence) | Medium | The trust relies on external market forces rather than its own competitive actions to drive returns. |
| Business quality | Medium | The trust is a passive entity with no control over the quality or efficiency of its underlying assets. |
| Dividend income | High | Distributions can be cut or suspended if costs exceed revenues or if production falls. |
| Execution risk | Medium | The trust relies entirely on the operator to manage production effectively, which is beyond the trust's control. |
Price Behavior
Steep Decline
The stock price has dropped sharply with strong downward pressure.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit -49.94% | Avg. Invested days 21 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/25/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 144.49M USD | Price to earnings Ratio - | 1Y Target Price 20.5 |
Price to earnings Ratio - | 1Y Target Price 20.5 | ||
Volume (30-day avg) 267.5K shares | Beta 0.64 | 52 Weeks Range 2.37 - 6.61 | Updated Date 09/27/2026 |
52 Weeks Range 2.37 - 6.61 | Updated Date 09/27/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.02 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Natural Gas Royalty Interests | Production revenue from properties in the San Juan Basin, net of development and operating costs. | You receive a share of the profits from gas production, which means your income changes whenever gas prices or production volumes move. |
Valuation
Trailing PE - | Forward PE 11.59 | Enterprise Value 145.43M | Price to Sales(TTM) 10.97 |
Enterprise Value 145.43M | Price to Sales(TTM) 10.97 | ||
Enterprise Value to Revenue 160.17 | Enterprise Value to EBITDA 13.13 | Shares Outstanding 46.61M | Shares Floating 39.11M |
Shares Outstanding 46.61M | Shares Floating 39.11M | ||
Percent Insiders - | Percent Institutions 37.6 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About San Juan Basin Royalty Trust
Exchange NYSE | Headquarters Dallas, TX, United States | ||
IPO Launch date 1987-10-29 | CEO - | ||
Sector Energy | Industry Oil & Gas E&P | Full time employees - | Website https://www.sjbrt.com |
Full time employees - | Website https://www.sjbrt.com | ||
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.
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