Stocks · Energy · Oil & Gas Exploration & Production

San Juan Basin Royalty Trust SJT

$3.69 -1.86% Close, Oct 5, 2026 · NYSE · Market cap $175.2M

Weak trendExpensive vs sector

Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.

Three things to know

  1. Revenue over the last four quarters was $1,049, down 90.7% from a year earlier, accelerating from -99.8% a quarter earlier.
  2. Operating margin narrowed to -74517.4% from -6521.6% a year earlier.
  3. The stock is in a downtrend: below its 200-day average, with the 50-day average below the 200-day.

PromtFinance scores

Each score is a percentile within the Energy sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 6, 2026.

Growth5Very weak

How fast revenue, earnings and cash flow are growing.

  • Revenue growth (TTM, YoY)Bottom 1%
  • Revenue growth, 3-year CAGRBottom 1%
  • Revenue growth accelerationTop 33%
Quality46Neutral

Returns on capital, margins, earnings quality and balance-sheet strength.

  • Return on invested capitalBottom 2%
  • Gross marginTop 2%
  • Operating marginBottom 1%
  • Accruals (lower is better)Top 3%
Value7Very weak

How cheap the shares are relative to earnings, cash flow and their own history.

  • Earnings yieldBottom 27%
  • Free-cash-flow yieldBottom 32%
  • EBITDA / enterprise valueBottom 10%
  • Sales / enterprise valueBottom 1%
Momentum17Very weak

Strength and persistence of the price trend, including versus the S&P 500.

  • 12-month return excluding last monthBottom 5%
  • 6-month returnBottom 19%
  • 1-year return vs S&P 500Bottom 7%
  • Distance from 52-week highBottom 15%
  • Trend checklist (0–4)Top 37%
Revisions—Not enough data

Earnings surprises and analyst sentiment (estimate-revision history is being collected).

Stability33Weak

Low volatility, shallow drawdowns, low market sensitivity and modest leverage.

  • Volatility, 60 days (lower is better)Bottom 25%
  • Maximum drawdown, 3 yearsBottom 19%
  • Beta vs S&P 500 (lower is better)Top 20%

What changed

Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).

MeasureBeforeNow
Revenue growth (YoY)-99.8%-90.7%↑
Gross margin100.0%100.0%→
Operating margin-6521.6%-74517.4%↓

Fundamental momentum

MeasureNow (TTM)Year / quarter beforeSector rank
Revenue growth (TTM, YoY)-90.7%-99.8%↑Bottom 1%
Gross margin100.0%100.0%→Top 2%
Operating margin-74517.4%-6521.6%↓Bottom 1%
Net margin-74517.4%-1523.8%↓—
Free-cash-flow margin0.0%——
Return on invested capital-29.1%—Bottom 2%
Revenue growth, 3-year CAGR-94.7%—Bottom 1%

Quality of earnings and balance sheet

Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
-29.1%
Stock-based compensation / revenueA cost to shareholders through dilution.
0.0%

Shareholder returns

Dividend yield (dividends paid, TTM)
0.00%
Net buyback yield (TTM)
0.00%
Shareholder yield
0.00%
Share count change, 1 year
+0.0%
Share count change, 3-year CAGR
+0.0%

Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.

Based on the four quarters through Jun 30, 2026 (filed Aug 13, 2026).

Earnings and expectations

Earnings momentum

Average 2-day reaction, last 8
-0.3%
Positive 20 days after report
5 of 8

How the stock reacted to recent reports

Report dateEPS surprise2 days5 days20 days60 days
Aug 13, 2026—-1.4%-3.9%+8.5%—
May 14, 2026—-1.4%-3.0%-17.9%-39.4%
Mar 27, 2026—-1.0%-8.0%-18.4%-42.9%
Nov 13, 2025—+2.1%-5.9%-6.4%-10.9%
Aug 13, 2025—-2.6%-1.2%+0.9%+4.0%
May 15, 2025—-0.9%+7.1%+3.0%-8.1%
Mar 31, 2025—-0.2%-9.9%+10.6%+2.0%
Nov 14, 2024—+2.8%-1.5%+6.4%+7.5%

Returns from the close before each report. Past reactions do not determine future ones.

Earnings history

Report dateEPSEstimateSurpriseRevenue
Aug 13, 2026-$0.00——$184
May 14, 2026-$0.01——$279
Mar 27, 2026-$0.01——$201
Nov 13, 2025-$0.00——$385
Aug 13, 2025-$0.00——$2,985
May 15, 2025-$0.00——$8,238
Mar 31, 2025-$0.11——$12,949
Nov 14, 2024-$0.00——-$67,949

Valuation in context

MultipleNow5-year median5-year percentileSector rank (cheapness)
EV / Sales167959.52×——Bottom 1%
Free-cash-flow yield0.00%——Bottom 32%
Earnings yield-0.46%——Bottom 27%

P/E over the past five years

Range 3.6× – 277.4× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.

Technical state

Trend checklist

  • ✓ Price above 20-day average
  • ✓ Price above 50-day average
  • ✗ Price above 200-day average
  • ✗ 50-day average above 200-day
  • ✓ MACD histogram positive

Trend quality

Days above the 50-day average
25
Days above the 200-day average
0
50-day average slope (20 days)
+7.1%
200-day average slope (20 days)
-5.6%
Distance from 50-day average
+25.7%
Distance from 200-day average
-11.3%
RSI (14)
68.5
Relative volume
0.96×

Risk and drawdowns

Volatility, 60 days (annualized)
54.8%
Volatility vs own 5-year history
83th percentile · High for this stock
Beta vs S&P 500 (2 years, weekly)
0.16
Correlation with S&P 500
0.05
Current drawdown from 1-year high
-43.0%
Maximum drawdown, 3 years
-68.5%

Largest declines in the past six years

From peakTo lowDeclineLengthRecovery
Aug 18, 2022Aug 3, 2026-84.0%991 daysNot yet recovered
Jun 8, 2022Jul 6, 2022-40.4%18 days30 days (Aug 17, 2022)
Nov 24, 2020Dec 29, 2020-35.1%23 days32 days (Feb 16, 2021)
May 17, 2021Aug 23, 2021-33.2%68 days42 days (Oct 21, 2021)
Nov 24, 2021Dec 3, 2021-24.6%6 days75 days (Mar 23, 2022)

Declines of 10% or more from a closing high, measured on daily closes.

Financial statements

Market cap
$175.2M
EPS, diluted (TTM)
-$0.02
Revenue (TTM)
$1,049
52-week range
$2.37 – $6.61
FY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$37.6M$79.0M$53.4M$6.9M$11,887
Gross profit$37.6M$79.0M$53.4M$6.9M$11,887
Operating income$36.0M$77.5M$51.6M$5.1M-$387,808
Net income$36.0M$77.6M$51.6M$5.2M-$387,808
EPS (diluted)$0.77$1.66$1.11$0.11-$0.01
Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Revenue-$12,949$12,949$8,238$2,985$385$279$201$184
Net income-$18,463$18,463-$8,238-$162,783-$111,352-$113,673-$362,706-$193,957
EPS (diluted)$0.00-$0.00$0.00-$0.00-$0.00-$0.00-$0.01-$0.00
FY 2021FY 2022FY 2023FY 2024FY 2025
Operating cash flow$2.9M$77.6M$0$0$0
Capital expenditure$0$0$0$0$0
Free cash flow$2.9M$77.6M$0$0$0
Dividends paid$0$0$0$0$0
Net share buybacks$0$0$0$0$0

Cash outflows are shown as negative numbers.

Cash and short-term investments
$4,019
Total assets
$2.7M
Total liabilities
$948,490
Total debt
$944,471
Net debt
$940,452
Shareholders’ equity
$1.7M

As of Jun 30, 2026 (filed Aug 13, 2026).

Dividends

Ex-dateAmountPaid
Apr 29, 2024$0.02May 14, 2024
Mar 27, 2024$0.04Apr 12, 2024
Feb 28, 2024$0.03Mar 14, 2024
Jan 30, 2024$0.02Feb 14, 2024
Dec 28, 2023$0.01Jan 16, 2024
Nov 29, 2023$0.02Dec 14, 2023
Oct 30, 2023$0.05Nov 14, 2023
Sep 28, 2023$0.05Oct 16, 2023

Short interest

Shares sold short
1,328,385
Days to cover
7.98
Change vs previous report
+2.9%

FINRA short interest, settlement date Sep 15, 2026.