{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-022379","form_type":"8-K","ticker":"HGTXU","cik":"0000862022","company_name":"HUGOTON ROYALTY TRUST","filed_at":"2025-02-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.538960+00:00","generated_at":"2026-05-26T18:24:24.517489+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Hugoton Royalty Trust declares no February cash distribution; excess costs remain on all conveyances","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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-022379","json":"https://secwatch.observer/filing/0000950170-25-022379.json","markdown":"https://secwatch.observer/filing/0000950170-25-022379.md","text":"https://secwatch.observer/filing/0000950170-25-022379.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862022/000095017025022379/0000950170-25-022379-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862022/000095017025022379/hgt_8-k_2502_distributio.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T18:24:24.517489+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}