Hugoton Royalty Trust declares no April cash distribution due to excess costs on all net profits interests

HUGOTON ROYALTY TRUST

No cash distribution for April 2025; cash reserve reduced by $103,000 for Trust expenses.
Underlying February volumes: 738,000 Mcf gas at $4.08/Mcf and 29,000 Bbl oil at $68.34/Bbl.
Cumulative excess costs: Kansas $1,742,000, Oklahoma $4,863,000, Wyoming $8,334,000 (incl. interest).
$14.8M underlying ($11.9M net) development costs charged for six non-operated wells; $4.4M additional anticipated for three more.
Excess costs increased $2,612,000 on Oklahoma and $102,000 on Wyoming; $21,000 recovered on Kansas.

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