San Juan Basin Royalty posts 3Q profit

FORT WORTH, Texas (AP) _ San Juan Basin Royalty Trust (SJT) on Thursday reported third-quarter profit of $14.8 million.

On a per-share basis, the Fort Worth, Texas-based company said it had net income of 32 cents.

The oil and gas royalty company posted revenue of $15.1 million in the period.

San Juan Basin Royalty shares have increased 16 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.67, a rise of 29 percent in the last 12 months.


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