{"filings":[{"id":1123236,"accession_number":"0001193125-26-275147","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2026-06-18T13:49:12+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust declares no June distribution; going concern doubts persist","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No cash distribution for June 2026; no distributions since July 2023 due to excess costs on all three conveyances.","Cumulative excess costs: Kansas $3.193M, Oklahoma $14.176M, Wyoming $11.582M (including accrued interest).","Trustee has deferred its fee since April 2024; financing unlikely; considering termination or sale of assets.","Trust unable to file Q1 2026 10-Q due to cash constraints; no independent auditor engaged; OTCQB status at risk.","Underlying gas sales 669,000 Mcf at $3.30/Mcf; oil 17,000 Bbls at $80.55 for current month."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":"2026-06-18","daily_digest_url":"/daily/2026-06-18","daily_digest_rank":8},{"id":485199,"accession_number":"0001193125-26-228205","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2026-05-18T14:07:10+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust skips May 2026 distribution; going concern, auditor dismissed","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["No May 2026 cash distribution; no distributions since July 2023 due to excess costs.","Trust has substantial doubt about going concern; cash reserve insufficient for obligations.","Trust exploring termination or sale; no third-party interest; 80% unitholder approval needed.","Grant Thornton dismissed April 16, 2026; no new auditor due to cash constraints; Q1 10-Q late.","Cumulative excess costs: Kansas $3.1M, Oklahoma $14.9M, Wyoming $11.1M (includes interest)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":99263,"accession_number":"0001193125-26-163137","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2026-04-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust declares no April 2026 distribution, cites going concern, dismisses auditor","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No April 2026 cash distribution; no near-term distributions foreseen due to excess cost positions on all three conveyances.","Excess costs: Kansas $3.181M (incl. $333K interest), Oklahoma $15.409M (incl. $1.057M interest), Wyoming $11.305M (incl. $1.324M interest).","Dismissed Grant Thornton LLP as independent auditor on April 16, 2026; anticipates inability to file future SEC reports.","Trust cash reserve reduced by $97K; Trustee warns of going concern and may seek termination or sale of assets (requires 80% unitholder approval).","No distributions since July 2023; underlying Jan. 2026 production: 707,000 Mcf gas at $4.94/Mcf, 14,000 bbl oil at $56.66/bbl."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.88,"calibrated_materiality_score":0.88,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":99262,"accession_number":"0001193125-26-161712","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2026-04-17T23:59:59+00:00","items":["4.01","9.01"],"status":"ready","headline":"Hugoton Royalty Trust dismisses auditor Grant Thornton; cites cash constraints, no replacement sought","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Dismissed Grant Thornton LLP as independent registered public accounting firm on April 16, 2026.","No disagreements or reportable events occurred during the relevant period.","Grant Thornton's 2025 audit report included a going-concern explanatory paragraph.","Trust not currently seeking a new auditor due to cash constraints effectively leaving it without independent audit oversight.","Trust's ability to continue as a going concern previously highlighted by Grant Thornton."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":115145,"accession_number":"0001193125-26-117087","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2026-03-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust declares no March 2026 distribution; going concern doubt","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["No cash distribution for March 2026; no distributions since July 2023 due to excess costs.","Trustee does not foresee near-term distributions; accumulated excess costs on all conveyances.","Substantial doubt about going concern; cash reserve reduced $27k; trustee fee deferred since April 2024.","Out-of-period volumes: 18,000 Bbls and 87,000 Mcf from non-operated OK well; upcoming $1.5M expenses.","Excess costs: KS $3.1M, OK $12.0M, WY $11.3M; trustee exploring termination or sale but unlikely."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.95,"calibrated_materiality_score":0.95,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":115144,"accession_number":"0001193125-26-053624","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2026-02-17T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust skips February 2026 distribution, flags going concern doubts; no distributions since July 2023","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No cash distribution for February 2026 due to excess cost positions on all three conveyances; cash reserve reduced $63k for expenses.","Trustee does not foresee any distributions in near term; no distributions have been paid since July 2023.","Going concern substantial doubt: insufficient cash to meet obligations over next year; trustee deferred its own fee since April 2024.","Trustee explored financing and third-party asset sale interest without success; may seek termination or sale requiring 80% unitholder approval.","Excess costs: Kansas $3.034M (incl. $300k interest), Oklahoma $13.458M ($918k interest), Wyoming $11.466M ($1.202M interest)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":115143,"accession_number":"0001193125-26-016083","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2026-01-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust declares no January 2026 cash distribution; excess costs persist","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No monthly cash distribution for January 2026 due to excess costs on all three net profits interests.","Cumulative excess costs: Kansas $2,909,000 (incl. $283k interest), Oklahoma $13,517,000 ($841k interest), Wyoming $11,413,000 ($1,137k interest).","Underlying October production: 739,000 Mcf gas at $3.33/Mcf, 19,000 Bbl oil at $60.11/Bbl.","Mach Natural Resources incurred $5,052k development costs, $1,722k production expense, $938k overhead in current royalty calculation.","Trustee does not foresee any distributions in the near term; cash reserve reduced by $7,000 for Trust expenses."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131554,"accession_number":"0001193125-25-326082","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2025-12-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust declares no cash distribution for December 2025 due to excess costs","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["No distribution declared for December 2025 because all three conveyances are in excess cost positions.","Cash reserve reduced by $63,000 for Trust expenses; reserve must be replenished before future distributions.","Current-month underlying sales: 710,000 Mcf gas at $3.31, 15,000 Bbls oil at $61.71.","Cumulative excess costs: Kansas $2.751M (incl. $267K interest), Oklahoma $8.635M ($791K), Wyoming $11.222M ($1.072M).","Excess costs rose $70K in Kansas and $247K in Wyoming; $184K recovered in Oklahoma; Trustee expects no near-term distributions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131553,"accession_number":"0001193125-25-284037","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2025-11-17T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust skips November 2025 distribution; excess costs persist on all three net profits interests","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No cash distribution for November 2025; Trustee does not foresee any in near term.","Gas sales 736,000 Mcf at $3.46/Mcf, oil 13,000 bbls at $62.06/bbl in current month.","Kansas excess costs $2,665,000 (incl. $251K interest); Oklahoma $8,767,000 ($739K interest); Wyoming $10,911,000 ($1,007K interest).","Development costs $3,000, production expense $1,493,000, overhead $926,000 from operator Mach Natural Resources.","Cash reserve reduced by $5,000 for trust expenses; will be replenished before future distributions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131552,"accession_number":"0001193125-25-244651","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2025-10-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust skips October 2025 cash distribution due to excess cost positions","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No monthly cash distribution for October 2025; excess cost on all three net profits interests.","Cash reserve reduced by $47,000 for Trust expenses; reserve to be replenished before future distributions.","Current month underlying volumes: 757,000 Mcf gas at $3.63, 19,000 Bbls oil at $63.52.","Cumulative excess costs: Kansas $2,548k (incl. $236k interest), Oklahoma $8,749k ($687k), Wyoming $10,767k ($941k).","Advance of $1,000,000 from XTO Energy may be recouped from future distributable net profits."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":148129,"accession_number":"0001193125-25-208482","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2025-09-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust declares no September 2025 cash distribution due to excess costs","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["No monthly cash distribution for September 2025; cash reserve reduced by $29,000 for trust expenses.","Kansas excess costs: $2,555,000 (incl. $220,000 interest); Oklahoma: $8,530,000 (incl. $633,000); Wyoming: $10,646,000 (incl. $873,000).","Underlying sales: 623,000 Mcf gas at $3.24/Mcf, 11,000 Bbl oil at $67.50/Bbl for current month.","Mach Natural Resources reported $210,000 development, $1,754,000 production, and $936,000 overhead costs in royalty calculation.","Trustee must replenish cash reserve from future net profits before declaring any distributions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":148128,"accession_number":"0000950170-25-110863","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2025-08-22T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Hugoton Royalty Trust relisted on OTCQB after filing delayed Q1 and Q2 10-Qs","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Trust units relisted on OTCQB effective August 21, 2025 under ticker HGTXU.","Units had moved to OTC Pink due to failure to timely file Q1 10-Q.","Both Q1 and Q2 10-Qs filed on July 28 and August 13, 2025, respectively.","Trust now current in SEC filing obligations, regaining OTCQB compliance."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":148127,"accession_number":"0000950170-25-109979","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2025-08-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust declares no August 2025 cash distribution; excess costs remain","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No monthly cash distribution for August 2025 due to excess cost positions on Kansas, Oklahoma, and Wyoming conveyances.","Cash reserve reduced by $42,000 for Trust expenses; replenishment required before future distributions.","Underlying June production: 580,000 Mcf gas at $3.25/Mcf and 10,000 Bbls oil at $56.69/Bbl.","Cumulative excess costs: Kansas $2.424M (incl. $204K interest), Oklahoma $7.694M ($584K interest), Wyoming $10.413M ($807K interest).","Trust regained SEC compliance by filing Q1 and Q2 2025 Form 10-Q reports."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":148125,"accession_number":"0000950170-25-098239","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K/A","filed_at":"2025-07-24T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust declares no July cash distribution; corrects production month and Kansas excess costs","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No cash distribution for July 2025 due to excess costs on all three net profits interests.","Underlying May production: gas 51,000 Mcf at $5.11/Mcf, oil 5,000 bbl at $60.55/bbl.","Cumulative excess costs: Kansas $2,316K (+$273K revised), Oklahoma $7,302K, Wyoming $10,206K.","Overhead transition to Mach caused one-time dual charges; expected to normalize by August.","Trust engaged Grant Thornton as new auditor; Q1 10-Q still delayed; seeking OTCQB relisting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":148126,"accession_number":"0000950170-25-097105","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2025-07-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust Declares No July 2025 Cash Distribution Due to Excess Costs","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Cash reserve reduced by $31,000 for expenses; no July distribution to unitholders.","Excess costs: Kansas $2,316,000, Oklahoma $7,302,000, Wyoming $10,206,000 including accrued interest.","Mach charged $5,000 development, $968,000 production expense, and $1,526,000 overhead for July calculation.","Trust appointed Grant Thornton as new auditor; Q1 10-Q delayed; OTCQB listing moved to OTC Pink.","Underlying gas sales 51,000 Mcf at $5.11/Mcf and oil 5,000 bbls at $60.55/bbl for current month."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":166886,"accession_number":"0000950170-25-088302","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2025-06-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust declares no June 2025 cash distribution; excess costs mount on all three net profits interests","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No monthly distribution for June 2025; cash reserve reduced by $17,000 for Trust expenses.","Underlying gas sales 719,000 Mcf at $3.31/Mcf; oil 16,000 Bbls at $61.82/Bbl.","Kansas excess costs +$164K to $2.031M cumulative; Oklahoma +$713K to $5.910M; Wyoming +$406K to $9.171M.","Mach deducted $1.922M production expense and $1.996M overhead in royalty calculation; no new development costs booked.","Grant Thornton appointed as new independent auditor effective for fiscal year 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":166885,"accession_number":"0000950170-25-087382","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2025-06-17T23:59:59+00:00","items":["4.01"],"status":"ready","headline":"Hugoton Royalty Trust engages Grant Thornton as new independent auditor for FY2025","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Engagement approved on June 17, 2025; effective for fiscal year ending Dec 31, 2025.","No prior consultations with Grant Thornton on accounting principles, audit opinions, or disagreements existed during 2023-2024.","No reportable events or disagreements as defined by Regulation S-K occurred prior to engagement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":166884,"accession_number":"0000950170-25-074114","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2025-05-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust declares no May distribution; auditor dismissed, 10-Q late","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No cash distribution for May 2025 due to excess cost positions on all three conveyances; cash reserve reduced by $23k.","XTO provided second advance distribution to fund filing obligations; XTO divested interests to Mach Natural Resources, effective April 30.","Cumulative excess costs: Kansas $1.855M, Oklahoma $5.163M, Wyoming $8.710M (all include accrued interest).","Trust dismissed auditor PwC on May 13 and is seeking a new auditor; 10-Q for March 31 will be late.","Trust has substantial doubt about ability to continue as going concern; cash reserve expected depleted in Q2 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":166883,"accession_number":"0000950170-25-073455","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2025-05-16T23:59:59+00:00","items":["4.01","9.01"],"status":"ready","headline":"Hugoton Royalty Trust dismisses PwC as auditor; 2023-2024 reports had going-concern note","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Effective May 13, 2025, the Trust dismissed PricewaterhouseCoopers as its independent registered public accounting firm.","PwC's reports for fiscal years 2024 and 2023 contained no adverse opinion but included a going-concern explanatory paragraph.","No disagreements with PwC on accounting principles, financial statement disclosure, or audit scope during the two most recent fiscal years.","Trust is currently seeking a new independent auditor and will file a Form 8-K/A when appointed.","PwC furnished a letter to the SEC, filed as Exhibit 16.1, agreeing with the Trust's disclosures."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":166882,"accession_number":"0000950170-25-061886","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2025-05-01T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"Hugoton Royalty Trust gets $500K advance from XTO; XTO divests assets to Mach Natural Resources","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Trust entered second advance distribution agreement with XTO for $500,000 to fund near-term reporting obligations and replenish cash reserve.","XTO closed divestment of its interest in trust assets to Mach Natural Resources LP on April 30, 2025.","Mach assumed XTO's obligations under the trust indenture and operatorship of the underlying properties.","Advance bears interest at conveyance rate; XTO can recoup by withholding future distributions, subject to $250K cash floor.","Trust previously disclosed potential going concern; this advance is intended to provide short-term liquidity."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":166881,"accession_number":"0000950170-25-055217","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2025-04-17T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust declares no April cash distribution due to excess costs on all net profits interests","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["No cash distribution for April 2025; cash reserve reduced by $103,000 for Trust expenses.","Underlying February volumes: 738,000 Mcf gas at $4.08/Mcf and 29,000 Bbl oil at $68.34/Bbl.","Cumulative excess costs: Kansas $1,742,000, Oklahoma $4,863,000, Wyoming $8,334,000 (incl. interest).","$14.8M underlying ($11.9M net) development costs charged for six non-operated wells; $4.4M additional anticipated for three more.","Excess costs increased $2,612,000 on Oklahoma and $102,000 on Wyoming; $21,000 recovered on Kansas."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":184283,"accession_number":"0000950170-25-043050","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2025-03-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust skips March 2025 cash distribution; excess costs remain high","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No cash distribution for March 2025 due to excess cost positions on all three net profits interest conveyances.","Cumulative excess costs: Kansas $1.753M, Oklahoma $2.237M, Wyoming $8.179M (including accrued interest).","Underlying gas sales 554K Mcf at $4.68/Mcf; oil sales 12K Bbl at $69.34/Bbl (January production).","$10.5M in development costs charged for six non-operated wells in Oklahoma ($8.4M net to Trust).","Cash reserve reduced by $28K for expenses; replenishment required before future distributions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":184282,"accession_number":"0000950170-25-022379","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2025-02-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust declares no February cash distribution; excess costs remain on all conveyances","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No cash distribution for February 2025 due to excess cost positions on all three net profits interests.","Cash reserve reduced by $88,000 for Trust expenses; will be replenished before future distributions.","Underlying sales: 672,000 Mcf gas at $3.83/Mcf, 15,000 Bbls oil at $66.06/Bbl (produced Dec 2024).","Cumulative excess costs: Kansas $1.71M, Oklahoma $2.51M, Wyoming $8.107M (includes accrued interest).","Development costs for six non-operated wells in Major County, OK: $10.5M charged; two additional wells anticipated $5.7M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":184281,"accession_number":"0000950170-25-007061","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2025-01-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust skips January 2025 distribution; excess costs rise across all interests","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No cash distribution for January 2025; cash reserve reduced by $12,000 for expenses.","Cumulative excess costs: Kansas $1.7M, Oklahoma $2.5M, Wyoming $8.0M; all increased vs. prior month.","Current-month sales: 734,000 Mcf gas at $2.81/Mcf, 12,000 Bbl oil at $66.93/Bbl; volumes down from prior month.","Development costs of $10.4M gross ($8.3M net to Trust) for four non-operated wells in Major County, OK.","XTO Energy deducted $1.77M production expense and $944K overhead in current royalty calculation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":200883,"accession_number":"0000950170-24-139008","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2024-12-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust suspends December 2024 cash distribution; excess costs persist","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["No December 2024 cash distribution due to excess cost positions on all three conveyances.","Cash reserve reduced by $15,000 for Trust expenses; replenishment before future distributions.","Kansas excess costs $1,377,000 ($114K interest); Oklahoma $1,477,000 ($383K interest); Wyoming $7,799,000 ($377K interest).","Development costs of $10.4M ($8.3M net to Trust) for four non-operated wells in Oklahoma.","Underlying Oct production: 791,000 Mcf gas at $2.67/Mcf; 18,000 Bbls oil at $69.27/Bbl."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":200882,"accession_number":"0000950170-24-127877","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2024-11-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust skips Nov 2024 distribution; excess costs top $10.4M","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["No cash distribution for November 2024 due to excess cost positions on all three conveyances.","Cash reserve reduced by $4,000 for trust expenses; replenishment required before future distributions.","Current month gas sales 648,000 Mcf at $2.68/Mcf vs prior 719,000 Mcf at $4.09/Mcf.","Cumulative excess costs: Kansas $1.24M, Oklahoma $1.79M, Wyoming $7.33M.","Four non-operated wells in OK incurred $10.4M development costs ($8.3M net to Trust)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":200881,"accession_number":"0000950170-24-115902","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2024-10-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust declares no October 2024 cash distribution due to excess costs","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No cash distribution for October 2024; cash reserve reduced by $89,000 for expenses.","Cumulative excess costs: Kansas $1.5M, Oklahoma $1.1M, Wyoming $6.8M (incl. interest).","Underlying gas sales 719,000 Mcf at $4.09/Mcf; oil 24,000 Bbl at $75.13.","XTO Energy charged $10.2M ($8.2M net to Trust) in development costs for four non-operated wells.","Avg gas price inflated by out-of-period plant revenue; excluding it, avg gas would be $1.97/Mcf."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":216877,"accession_number":"0000950170-24-108263","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2024-09-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust skips September 2024 monthly cash distribution due to excess costs","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["No distribution declared for September 2024; cash reserve reduced by $42,000 for expenses.","Excess costs on Kansas conveyances: $1,420,000 (incl. $86,000 interest); Oklahoma: $2,847,000 (incl. $344,000 interest).","Wyoming excess costs: $6,263,000 (incl. $240,000 interest); Oklahoma partially recovered $289,000 but no proceeds remained.","Four non-operated wells in Major County, OK: cumulative development costs $10.2M underlying ($8.1M net to Trust).","Underlying July production sales: gas 737,000 Mcf at $2.80/Mcf; oil 15,000 bbls at $75.57/bbl."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":216876,"accession_number":"0000950170-24-098918","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2024-08-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust skips August cash distribution; cumulative excess costs exceed $10M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No August 2024 distribution due to excess cost positions on all three net profits conveyances.","Cumulative excess costs: Kansas $1.384M, Oklahoma $3.113M, Wyoming $5.832M (incl. interest).","Settlement with XTO values Chieftain claim at $18.1M to XTO, overhead claims at $17.3M to Trust, net $830K to XTO.","Trust reduced cash reserve by $91K for expenses; expects to replenish before future distributions.","Underlying sales: 650K Mcf gas at $2.40/Mcf, 20K Bbl oil at $74.93/Bbl (June production)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":216875,"accession_number":"0000950170-24-084836","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2024-07-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust skips July 2024 distribution, settles arbitration with XTO","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No July 2024 cash distribution to unitholders due to excess cost positions on all three conveyances; cash reserve reduced by $34K.","Underlying sales volumes: 747,000 Mcf gas at $2.00/Mcf, 17,000 Bbls oil at $77.16/Bbl (May production).","Cumulative excess costs: Kansas $1.393M, Oklahoma $3.074M, Wyoming $5.058M (incl. interest).","Arbitration settlement: Chieftain claim ($18.1M) offset by overhead claims ($17.275M); net $830K charged as production cost; XTO provides $500K advance.","Development costs for four non-operated wells in Major County, OK total $10.0M underlying ($8.0M net to Trust)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":236618,"accession_number":"0000950170-24-076259","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2024-06-21T23:59:59+00:00","items":["9.01"],"status":"ready","headline":"Hugoton Royalty Trust settles arbitration with XTO; net $830K due XTO, $500K advance","summary_kind":"llm","event_type":"litigation","confidence":"high","bullets":["Chieftain claim valued at $18.1M (to XTO) offset by Overhead Claims of $17.3M (to Trust); net $830,381 to XTO as production cost.","XTO provides $500,000 one-time advance distribution to Trust, repayable from future net profits subject to $250K cash floor.","XTO agrees to modify overhead accounting: no overhead on non-producing wells; uses contract rate for 100%-owned wells, effective June 1, 2024.","Arbitration dismissed with prejudice; each party bears its own costs.","Outstanding non-arbitrated audit exceptions to be addressed within 90 days."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":236617,"accession_number":"0000950170-24-074059","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2024-06-17T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust declares no June 2024 distribution; excess costs remain","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["No June 2024 cash distribution; all three conveyances in excess cost positions.","Underlying sales: 724,000 Mcf gas at $2.16/Mcf; 19,000 Bbl oil at $77.86/Bbl.","Excess costs: Kansas +$109k to $1.311M; Oklahoma +$438k to $2.120M; Wyoming +$709k to $4.570M.","Chieftain arbitration: panel ruled ~$14.6M net to Trust may be charged as excess cost under Oklahoma conveyance.","Development costs for four non-operated wells in Oklahoma total $7.9M net to Trust; two completed in Q2 2023, others by Q1 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":236616,"accession_number":"0000950170-24-062300","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2024-05-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust declares no May 2024 cash distribution due to excess costs","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No May 2024 distribution; cash reserve reduced by $21k for expenses.","Kansas excess costs up $127k to $1.193M; Oklahoma up $128k to $1.669M.","Wyoming excess costs up $1.183M to $3.834M; includes $102k accrued interest.","Four non-operated wells in OK: $7.5M net development costs charged to Trust.","Arbitration panel rules ~$14.6M of Chieftain settlement chargeable as cost, likely halting OK distributions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":236615,"accession_number":"0000950170-24-045829","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2024-04-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust declares no April 2024 cash distribution due to excess costs","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No monthly cash distribution for April 2024; cash reserve reduced by $84,000 for trust expenses.","Underlying volumes: 500,000 Mcf gas at $3.45/Mcf, 11,000 Bbls oil at $72.91/Bbl for current month.","Excess costs rose on all three conveyances: Kansas +$29,000 (cum. $1,059K), Oklahoma +$402K ($1,531K), Wyoming +$454K ($2,633K).","Development costs for four non-operated Oklahoma wells total $7.5M net to Trust; fourth well completed Q1 2024.","Arbitration panel: Trust must pay share of $48M Chieftain settlement; estimated $14.6M net chargeable as excess cost."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":254247,"accession_number":"0001193125-24-069960","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2024-03-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust declares no March 2024 cash distribution; excess costs remain high","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["No March 2024 distribution due to excess cost positions on all three conveyances; cash reserve reduced by $179,000.","Excess costs: Kansas +$45K to $1.023M, Oklahoma +$404K to $1.12M, Wyoming +$347K to $2.163M.","Oklahoma excess costs include potential $14.6M from Chieftain arbitration (portion of $48M settlement allocable to Trust).","Underlying sales volumes declined: gas 604,000 Mcf (from 788,000), oil 14,000 Bbls (from 23,000); average prices lower.","Development costs: $9.3M underlying ($7.5M net) charged for three non-operated wells; fourth well estimated $1.3M underlying cost."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":254246,"accession_number":"0001193125-24-038357","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2024-02-16T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust skips February 2024 distribution; excess costs persist across all conveyances","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No cash distribution declared for Feb 2024 due to excess costs on all three net profits interests.","Cash reserve reduced by $26k for expenses; reserve will be replenished before future distributions.","Underlying sales: 788,000 Mcf gas at $3.75/Mcf and 23,000 Bbl oil at $75.58/Bbl.","Excess costs: Kansas $972k, Oklahoma $711k, Wyoming $1,804k; Oklahoma may face additional ~$14.6M Chieftain charge.","Development costs of $9.1M underlying ($7.3M net) charged for three non-operated wells in Major County, Oklahoma."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":254245,"accession_number":"0001193125-24-011107","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2024-01-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust declares no cash distribution for January 2024 due to excess costs","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No monthly cash distribution for January 2024; cash reserve reduced by $19,000 for trust expenses.","Underlying sales volumes: 676,000 Mcf gas at $3.97/Mcf, 12,000 Bbls oil at $77.57/Bbl (November production).","Cumulative excess costs: Kansas $837K, Oklahoma $1.819M, Wyoming $2.228M; plus ~$14.6M net from Chieftain arbitration.","Development costs of $9.1M ($7.3M net to Trust) charged for three non-operated wells in Oklahoma."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":271731,"accession_number":"0001193125-23-297459","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2023-12-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust declares no December cash distribution; excess costs on all three conveyances","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No monthly cash distribution for December 2023 due to excess cost positions on Kansas, Oklahoma, and Wyoming net profits interests.","Kansas cumulative excess costs $515K ($17K interest); Oklahoma $1.619M ($224K interest); Wyoming $1.746M ($27K interest).","Development costs for three non-operated wells total $9.1M underlying ($7.3M net to Trust); two wells completed Q2 2023.","Arbitration award: ~$14.6M net to Trust from Chieftain settlement may be charged as production cost; likely no Oklahoma distributions during recovery.","Trust cash reserve reduced by $106K for expenses; future distributions require replenishment before any payout."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":271730,"accession_number":"0001193125-23-279617","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2023-11-17T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust declares no November cash distribution on excess cost positions","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["No cash distribution declared for November 2023 due to excess costs on all three conveyances.","Cash reserve reduced by $74,000 for trust expenses.","Underlying gas sales 877,000 Mcf at $3.00/Mcf; oil 58,000 Bbls at $74.53/Bbl.","Development costs of $9.0M underlying ($7.2M net to trust) for three non-operated wells in Oklahoma.","Arbitration: $14.6M net to trust from Chieftain settlement can be charged as production cost; likely no distributions from Oklahoma."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":271729,"accession_number":"0001193125-23-259915","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2023-10-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust declares no October 2023 cash distribution due to excess costs","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No October cash distribution; all three conveyances (Kansas, Oklahoma, Wyoming) in excess cost positions.","Cumulative excess costs: Kansas $402K, Oklahoma $6.891M (incl. ~$14.6M Chieftain charge pending), Wyoming $796K.","Arbitration panel ruled up to $14.6M net from Chieftain settlement may be charged as production cost to Oklahoma.","Development costs of $7.2M net charged for three non-operated wells in Major County, Oklahoma.","August production: gas 751,000 Mcf at $3.58/Mcf, oil 12,000 Bbls at $77.47/Bbl."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":288581,"accession_number":"0001193125-23-237463","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2023-09-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust declares no September 2023 distribution due to excess costs; arbitration update","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No cash distribution for September 2023; all three conveyances in excess cost positions.","Trust cash reserve reduced by $152,000 for expense payments.","Underlying sales: 778,000 Mcf gas at $3.16/Mcf, 15,000 bbl oil at $72.95/bbl.","Cumulative excess costs: KS $378k, OK $6.914M, WY $809k; potential $14.6M Chieftain charge.","Final arbitration hearing on remaining net proceeds dispute scheduled November 8, 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":288580,"accession_number":"0001193125-23-216783","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2023-08-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust declares no August 2023 cash distribution; excess costs remain high","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["No cash distribution for August 2023 due to excess cost positions on all three conveyances; cash reserve reduced by $158,000 for expenses.","Underlying gas sales 729,000 Mcf at $2.51/Mcf; oil 12,000 bbls at $68.03/bbl (June production).","Cumulative excess costs: Kansas $492K, Oklahoma $7.064M, Wyoming $639K; Oklahoma likely to grow with ~$14.6M Chieftain charge.","Development costs of $8.7M ($6.9M net to Trust) charged for three non-operated wells in Major County, Oklahoma.","Arbitration final hearing on disputed net proceeds for 2014-2019 & 2021 scheduled for Nov 8, 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":288579,"accession_number":"0001193125-23-191083","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2023-07-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust declares no July 2023 distribution; excess costs on all conveyances","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No cash distribution for July 2023 due to excess cost positions on all three net profits interests.","Underlying sales: 806,000 Mcf gas at $2.70/Mcf; 19,000 Bbls oil at $74.12/Bbl (May production).","XTO deducted $5.9M development costs, $1.5M production expense, $1.1M overhead in royalty calc.","Cumulative excess costs: Kansas $224K, Oklahoma $6.533M, Wyoming $258K; Oklahoma includes potential $14.6M Chieftain settlement charge.","Chieftain arbitration award: Trust must pay share of $48M settlement (lawyers' $32M excluded); final hearing on remaining disputes Nov 8, 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":309136,"accession_number":"0001193125-23-169942","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2023-06-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust declares $0.000653/unit distribution; arbitration hearing Nov 8, 2023","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Cash distribution of $0.000653/unit, payable July 17, 2023 to holders of record June 30, 2023.","Gas sales volume 863K Mcf at $3.18/Mcf; oil 11K Bbls at $75.94/Bbl. Prior month: gas $4.43/Mcf, oil $71.76/Bbl.","Development costs of $2.4M ($1.9M net) charged for three non-operated wells in Oklahoma.","Excess costs: Kansas $179K ($2K interest), Oklahoma $1.147M; cumulative excess likely to reduce future Okla. distributions.","Arbitration final hearing on remaining net proceeds dispute scheduled Nov 8, 2023; $14.6M net charge from Chieftain settlement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":309135,"accession_number":"0001193125-23-148943","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2023-05-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust declares May cash distribution $0.010003/unit; arbitration update estimates $14.6M charge","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Cash distribution of $0.010003 per unit payable June 14, 2023 to record holders May 31, 2023.","May distribution based on underlying gas sales 662,000 Mcf at $4.43/Mcf and oil sales 13,000 bbls at $71.76/bbl.","Development costs of $1.8M charged to Trust ($1.5M net) for first non-operated well in Oklahoma.","Arbitration panel ruled Trust must pay share of $48M Chieftain settlement; estimated $14.6M net charge to Trust.","Final hearing on remaining net proceeds dispute rescheduled to November 8, 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":309134,"accession_number":"0001193125-23-104674","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2023-04-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust declares $0.012363 per unit cash distribution for April 2023; provides arbitration update","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Cash distribution of $0.012363 per unit payable May 12, 2023 to holders of record April 28, 2023.","Underlying gas sales volume 776,000 Mcf at average price $4.83/Mcf; oil sales 13,000 Bbls at $74.37/Bbl.","Development costs of $1.5 million net to Trust charged for first non-operated well in Major County, Oklahoma.","Arbitration panel ruled $48 million of Chieftain settlement allocable to Trust; estimated $14.6 million net excess cost.","Excess costs of $104,000 on Kansas and $143,000 on Oklahoma net profits interests remain unrecovered."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":309133,"accession_number":"0001193125-23-092355","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2023-04-05T23:59:59+00:00","items":["5.03","9.01"],"status":"ready","headline":"Hugoton Royalty Trust amends indenture to facilitate trustee succession to Argent","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Court order modifies indenture to permit successor trustee with at least $15M in capital, surplus, and undivided profits.","Amendment is in connection with Simmons Bank's planned resignation and nomination of Argent Trust Company as successor.","Change requested by Simmons Bank and a unitholder; approved by Tarrant County District Court on April 4, 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":327898,"accession_number":"0001193125-23-075532","cik":862022,"company_name":"HUGOTON ROYALTY TRUST","ticker":"HGTXU","form_type":"8-K","filed_at":"2023-03-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hugoton Royalty Trust declares $0.120066 March distribution; arbitration ruling may cut future payouts","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Cash distribution of $0.120066/unit payable Apr 14, record Mar 31.","Underlying gas sales 742,000 Mcf at $12.78/Mcf; oil 12,000 Bbls at $76.03.","XTO Energy deducts $17k development, $1.414M production, $1.01M overhead.","Arbitration panel ruled ~$14.6M net to Trust from Chieftain settlement may be charged as excess cost, risking no Oklahoma distributions.","Arbitration on 2014-2019 & 2021 claims recommenced; hearing date pending."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":8800000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}