dividend
confidence high
sentiment negative
materiality 0.65
Hugoton Royalty Trust suspends December 2024 cash distribution; excess costs persist
HUGOTON ROYALTY TRUST
- 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.