{"filing":{"accession_number":"0001193125-26-426824","cik":"0000319655","ticker":"SJT","company_name":"SAN JUAN BASIN ROYALTY TRUST","form":"8-K","filing_date":"2026-10-20","report_date":"2026-10-20","primary_document":"october_2026_8-k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/319655/000119312526426824/october_2026_8-k.htm"},"events":[{"id":36483,"run_id":33638,"accession_number":"0001193125-26-426824","anchor_item_number":"2.02","event_type":"dividend_distribution","event_domain":"financial","is_material":true,"confidence":0.92,"summary":"The Trust announced it will not declare a monthly cash distribution for October 2026 due to excess production costs and low natural gas pricing. While framed as a non-declaration, this is a material disclosure about the Trust's distribution policy—the primary mechanism by which it returns value to unitholders. The press release details the cumulative excess production costs ($12.4M gross), the conditions that must be met before distributions resume, and the underlying operational and financial constraints. For a royalty trust whose principal purpose is distributing cash to unitholders, suspension of distributions is a material event affecting investor returns.","company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","filing_date":"2026-10-20","form":"8-K","submitted_at":null,"items":[{"id":40911,"accession_number":"0001193125-26-426824","item_number":"2.02","item_title":"Results of Operations and Financial Condition.","event_type":"dividend_distribution","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"The Trust announced it will not declare a monthly cash distribution for October 2026 due to excess production costs and low natural gas pricing. While framed as a non-declaration, this is a material disclosure about the Trust's distribution policy—the primary mechanism by which it returns value to unitholders. The press release details the cumulative excess production costs ($12.4M gross), the conditions that must be met before distributions resume, and the underlying operational and financial constraints. For a royalty trust whose principal purpose is distributing cash to unitholders, suspension of distributions is a material event affecting investor returns.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-20T21:02:35.293447+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":40911,"accession_number":"0001193125-26-426824","item_number":"2.02","item_title":"Results of Operations and Financial Condition.","event_type":"dividend_distribution","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"The Trust announced it will not declare a monthly cash distribution for October 2026 due to excess production costs and low natural gas pricing. While framed as a non-declaration, this is a material disclosure about the Trust's distribution policy—the primary mechanism by which it returns value to unitholders. The press release details the cumulative excess production costs ($12.4M gross), the conditions that must be met before distributions resume, and the underlying operational and financial constraints. For a royalty trust whose principal purpose is distributing cash to unitholders, suspension of distributions is a material event affecting investor returns.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-20T21:02:35.293447+00:00","company_name":"SAN JUAN BASIN ROYALTY TRUST","ticker":"SJT","filing_date":"2026-10-20"}]}