Hugoton Royalty Trust skips March 2025 cash distribution; excess costs remain high

HUGOTON ROYALTY TRUST

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.

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