Hugoton Royalty Trust declares no February cash distribution; excess costs remain on all conveyances

HUGOTON ROYALTY TRUST

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.

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