Hugoton Royalty Trust declares no June 2025 cash distribution; excess costs mount on all three net profits interests

HUGOTON ROYALTY TRUST

No monthly distribution for June 2025; cash reserve reduced by $17,000 for Trust expenses.
Underlying gas sales 719,000 Mcf at $3.31/Mcf; oil 16,000 Bbls at $61.82/Bbl.
Kansas excess costs +$164K to $2.031M cumulative; Oklahoma +$713K to $5.910M; Wyoming +$406K to $9.171M.
Mach deducted $1.922M production expense and $1.996M overhead in royalty calculation; no new development costs booked.
Grant Thornton appointed as new independent auditor effective for fiscal year 2025.

item 2.02item 9.01

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