{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-055217","form_type":"8-K","ticker":"HGTXU","cik":"0000862022","company_name":"HUGOTON ROYALTY TRUST","filed_at":"2025-04-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.498934+00:00","generated_at":"2026-05-23T12:45:31.227884+00:00","sec_items":["2.02","9.01"],"event_type":"dividend","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Hugoton Royalty Trust declares no April cash distribution due to excess costs on all net profits interests","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-055217","json":"https://secwatch.observer/filing/0000950170-25-055217.json","markdown":"https://secwatch.observer/filing/0000950170-25-055217.md","text":"https://secwatch.observer/filing/0000950170-25-055217.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862022/000095017025055217/0000950170-25-055217-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862022/000095017025055217/hgt_8-k_2504_distributio.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T12:45:31.227884+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"}