{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-074114","form_type":"8-K","ticker":"HGTXU","cik":"0000862022","company_name":"HUGOTON ROYALTY TRUST","filed_at":"2025-05-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.499747+00:00","generated_at":"2026-05-21T02:35:59.397203+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Hugoton Royalty Trust declares no May distribution; auditor dismissed, 10-Q late","bullets":["No cash distribution for May 2025 due to excess cost positions on all three conveyances; cash reserve reduced by $23k.","XTO provided second advance distribution to fund filing obligations; XTO divested interests to Mach Natural Resources, effective April 30.","Cumulative excess costs: Kansas $1.855M, Oklahoma $5.163M, Wyoming $8.710M (all include accrued interest).","Trust dismissed auditor PwC on May 13 and is seeking a new auditor; 10-Q for March 31 will be late.","Trust has substantial doubt about ability to continue as going concern; cash reserve expected depleted in Q2 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-074114","json":"https://secwatch.observer/filing/0000950170-25-074114.json","markdown":"https://secwatch.observer/filing/0000950170-25-074114.md","text":"https://secwatch.observer/filing/0000950170-25-074114.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862022/000095017025074114/0000950170-25-074114-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862022/000095017025074114/hgt_8-k_2505_distributio.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T02:35:59.397203+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"}