secwatch.observer — SEC 8-K summary
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Issuer:     HUGOTON ROYALTY TRUST (HGTXU)
CIK:        0000862022
Form:       8-K
Filed at:   2025-04-17T23:59:59+00:00
Accession:  0000950170-25-055217
Event type: dividend
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/862022/000095017025055217/0000950170-25-055217-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/862022/000095017025055217/hgt_8-k_2504_distributio.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-055217

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