other material
confidence high
sentiment negative
materiality 0.65
HUGOTON ROYALTY TRUST (HGTXU): auditor change — Hugoton Royalty Trust dismisses PwC as auditor; 2023-2024 reports had going-concern note
HUGOTON ROYALTY TRUST
- Effective May 13, 2025, the Trust dismissed PricewaterhouseCoopers as its independent registered public accounting firm.
- PwC's reports for fiscal years 2024 and 2023 contained no adverse opinion but included a going-concern explanatory paragraph.
- No disagreements with PwC on accounting principles, financial statement disclosure, or audit scope during the two most recent fiscal years.
- Trust is currently seeking a new independent auditor and will file a Form 8-K/A when appointed.
- PwC furnished a letter to the SEC, filed as Exhibit 16.1, agreeing with the Trust's disclosures.