San Juan Basin Royalty Trust declares no cash distribution for Oct 2024

SAN JUAN BASIN ROYALTY TRUST

No cash distribution for Oct 2024; excess production costs of $15.15M gross ($11.36M net) charged to future months.
Aug 2024 revenue $3.59M, production costs $7.23M (including $4.36M capex).
Average gas price $1.79/Mcf in Aug vs $1.94/Mcf in Jun; volumes 1.92M Mcf.
Trust admin expenses $87,522; cash reserves $1.02M after $82,564 draw; plan to replenish to $2.0M.
Trustee continues auditing Hilcorp's costs and pricing; no distributions until net proceeds sufficient.

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