---
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"
generated_at: "2026-05-26T18:24:24.517489+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-022379
- JSON: https://secwatch.observer/filing/0000950170-25-022379.json
- Plain text: https://secwatch.observer/filing/0000950170-25-022379.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.