San Juan Basin Royalty Trust (SJT) Cash Flow Statement
Where SJT’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$387,810 −107.6% vs 2024
- Capital expenditures
- $0 0.0% of revenue
- Free cash flow
- −$387,810 −3,262.5% margin
- Returned to shareholders
- —
- Change in cash
- −$387,810
Drawn to scale: where the cash came from and how it was used. Hover for values.
SJT operating cash flow, capex and free cash flow
SJT cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $13.0M2016 | −$387,8102025 | — | |
| Capital expenditures | $02016 | $02025 | — | |
| Free cash flow | $13.0M2016 | −$387,8102025 | — | |
| Free cash flow margin | 74.1%2016 | −3,262.5%2025 | −3,336.6 pts | |
| Operating cash flow / net income | 0.932016 | 0.992024 | +0.05 | |
| Dividends paid | $13.9M2016 | $02025 | −100.0% | |
| Capex / revenue | 0.0%2016 | 0.0%2025 | 0.0 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SJT cash flow by activity
SJT net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
SJT cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −$387,808 | $5.2M | $51.6M | $77.6M | $15.4M | $2.2M | $8.1M | $18.0M | $39.1M | $13.9M |
| Depreciation & amortization | — | — | $722,140 | $722,140 | $1.4M | $328,373 | — | — | — | — |
| Change in working capital | — | — | — | — | — | — | −$392,520 | $1.0M | $1.0M | −$1.0M |
| Other non-cash items | −$2 | −$75,629 | $25.2M | −$722,140 | −$13.9M | −$1.9M | $0 | −$1.7M | −$2.2M | $59,995 |
| Cash from operating activities | −$387,810 | $5.1M | $77.6M | $77.6M | $2.9M | $656,746 | $7.7M | $17.2M | $37.9M | $13.0M |
| Investing activities | ||||||||||
| Capital expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$2.40B | −$399.2M | $0 |
| Acquisitions & other investing | — | — | — | — | — | — | — | $4.79B | $798.5M | — |
| Cash from investing activities | — | — | — | — | — | — | — | $2.40B | $399.2M | — |
| Financing activities | ||||||||||
| Dividends paid | $0 | −$5.2M | −$51.6M | −$77.6M | −$36.0M | −$7.4M | −$8.1M | −$18.0M | −$39.1M | −$13.9M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash from financing activities | $0 | −$5.2M | −$51.6M | −$77.6M | −$36.0M | −$7.4M | −$8.1M | −$18.0M | −$39.1M | −$13.9M |
| Summary | ||||||||||
| Net change in cash | −$387,810 | −$75,630 | $77.6M | $77.6M | $2.9M | $656,746 | −$392,520 | −$732,650 | −$1.2M | −$940,010 |
| Cash at end of period | — | — | $77.6M | $77.6M | $2.9M | $656,746 | $1.7M | $3.7M | $2.7M | $879,240 |
| Free cash flow | −$387,810 | $5.1M | $77.6M | $77.6M | $2.9M | $656,746 | $7.7M | $2.41B | $437.2M | $13.0M |
| Free cash flow margin | −3,262.5% | 73.2% | 145.4% | 98.2% | 7.6% | 7.4% | 77.8% | 12,402.5% | 1,315.3% | 74.1% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 12,313.9% | 1,201.2% | 0.0% |
| Operating cash flow / net income | — | 0.99 | 1.50 | 1.00 | 0.19 | 0.30 | 0.95 | 0.96 | 0.97 | 0.93 |
| Dec '25 | Sep '25 | Jun '25 | Dec '24 | Sep '24 | Sep '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|
| Operating activities | |||||||
| Net income | −$113,673 | −$111,352 | −$162,783 | $5.2M | $5.2M | $3.9M | $8.1M |
| Depreciation & amortization | — | — | — | — | — | $28,873 | $45,442 |
| Other non-cash items | −$274,137 | −$162,788 | $3 | −$75,630 | −$75,630 | −$3.9M | −$8.3M |
| Cash from operating activities | −$387,810 | −$274,140 | −$162,780 | $5.1M | $5.1M | $57,746 | −$145,809 |
| Investing activities | |||||||
| Capital expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing activities | |||||||
| Dividends paid | $0 | $0 | $0 | −$5.2M | −$5.2M | — | −$44.1M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $0 | $0 | $0 | $0 | $0 | — | $0 |
| Cash from financing activities | $0 | $0 | $0 | −$5.2M | −$5.2M | — | −$44.1M |
| Summary | |||||||
| Net change in cash | −$387,810 | −$274,140 | −$162,780 | −$75,630 | −$75,630 | $57,746 | −$145,809 |
| Cash at end of period | — | — | — | — | — | $57,746 | $3.3M |
| Free cash flow | −$387,810 | −$274,140 | −$162,780 | $5.1M | $5.1M | $57,746 | −$145,809 |
| Free cash flow margin | −139,000.0% | −71,205.2% | −5,453.3% | 39,250.9% | — | 1.3% | — |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | — | 0.0% | — |
| Operating cash flow / net income | — | — | — | 0.99 | 0.99 | 0.01 | −0.02 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
SJT cash generation
In fiscal 2025 (ended December 31, 2025), San Juan Basin Royalty generated -$0.4 million of cash from operations (down 107.6%) and spent $0 on capital expenditures, leaving free cash flow of -$0.4 million, −3,262.5% of revenue. Cash and equivalents fell by $0.4 million over the year.
Related: SJT income statement, SJT balance sheet. See the SJT stock overview for the latest quote and news.
SJT cash flow FAQ
What is San Juan Basin Royalty's free cash flow?
San Juan Basin Royalty's free cash flow was -$0.4 million in fiscal 2025: -$0.4 million of operating cash flow minus $0 of capital expenditures It was $5.1 million a year earlier..
How much cash does San Juan Basin Royalty generate from operations?
San Juan Basin Royalty generated -$0.4 million of cash from operating activities in fiscal 2025.