---
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"
generated_at: "2026-05-23T12:45:31.227884+00:00"
event_type: "dividend"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: dividend
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-055217
- JSON: https://secwatch.observer/filing/0000950170-25-055217.json
- Plain text: https://secwatch.observer/filing/0000950170-25-055217.txt

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