San Juan Basin Royalty Trust Announces No Cash Distribution for October 2026

On October 20, 2026, San Juan Basin Royalty Trust announced there will be no cash distribution for October due to approximately $9.32 million in net excess production costs and low natural gas prices. The Trust will apply all net proceeds toward repaying the deficit, and distributions will resume only after the deficit is cleared, a $2 million reserve is rebuilt, and the line of credit is repaid. Additionally, the Trust is conducting a comprehensive audit of revenues and costs to ensure compliance with agreements.