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SAN JUAN BASIN ROYALTY TRUST

For the period ended Dec 31, 2023. Filed Apr 1, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Apr 1, 2024

SJT$4.22+16.9%Stored close · as of Nov 10, 2026

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Item 3. LEGAL PROCEEDINGS

ITEM 3.LEGAL PROCEEDINGS

On March 8, 2024, Plaintiff’s First Amended Petition was filed in a lawsuit styledMichael Tollett v. Enterprise Products Partners, LP, Primoris Energy Services Corporation, and Bayou Electrical Services, LLC, **No. 2023-79550 in the 127 th District Court in Harris County, Texas. That amended petition named additional defendants, including among others, Hilcorp San Juan Basin Royalty Trust (sic). The litigation seeks damages for an alleged personal injury. Following discussions between counsel for the Trust and the Plaintiff’s counsel, a proposed Plaintiff’s Motion to Nonsuit without Prejudice (the “Motion”) was agreed upon and filed. The Motion was granted by the court on March 27, 2024, releasing the Trust from the litigation.

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