SAN JUAN BASIN ROYALTY TRUST

For the period ended Jun 30, 2025. Filed Aug 13, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 13, 2025

SJT$3.61+12.5%Stored close · as of Nov 9, 2026

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Contents

Item 6. Exhibits

Exhibit Number	Description
(4)(a)	San Juan Basin Amended and Restated Royalty Trust Indenture, dated December 12, 2007, filed as Exhibit 99.2 to the Trust’s Current Report on Form 8-K filed with the SEC on December 14, 2007, and incorporated herein by reference. *
(4)(b)	Net Overriding Royalty Conveyance from Southland Royalty Company to The Fort Worth National Bank, as Trustee, dated November 1, 1980 (without Schedules), filed as Exhibit 4(b) to the Trust’s Annual Report on Form 10-K filed with the SEC for the year ended December 31, 2006, on March 1, 2007, and incorporated herein by reference. *
(4)(c)	Assignment of Net Overriding Interest (San Juan Basin Royalty Trust), dated September 30, 2002, between Bank One, N.A. and Texas Bank, filed as Exhibit 4(c) to the Trust’s Quarterly Report on Form 10-Q filed with the SEC for the quarter ended September 30, 2002, and incorporated herein by reference. *
(4)(f)	First Amendment to the San Juan Basin Amended and Restated Royalty Trust Indenture, dated February 15, 2024, filed as Exhibit 4(f) to the Trust's Current Report on Form 8-K filed with the SEC on February 15, 2024, and incorporated herein by reference*
10.1	Promissory Note with Texas Bank dated May 21, 2025**
10.2	Collateral Real Estate Mortgage, Security Agreement, Assignment of Production, and Financing Statement with Texas Bank dated May 21, 2025**
31	Certification required by Rule 13a-14(a), dated August 13, 2025, by Nancy Willis, Director of Royalty Trust Services of the Trustee of the Trust**
32	Certification required by Rule 13a-14(b), dated August 13, 2025, by Nancy Willis, Director of Royalty Trust Services of the Trustee of the Trust***

A copy of this exhibit is available to any Unit Holder (free of charge) upon written request to the Trustee, Argent Trust Company, 3838 Oak Lawn Avenue, Suite 1720, Dallas, Texas 75219.

** Filed herewith.

*** Furnished herewith.

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