---
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"
generated_at: "2026-05-21T02:35:59.397203+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Hugoton Royalty Trust declares no May distribution; auditor dismissed, 10-Q late

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-074114
- JSON: https://secwatch.observer/filing/0000950170-25-074114.json
- Plain text: https://secwatch.observer/filing/0000950170-25-074114.txt

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