secwatch.observer — SEC 8-K summary
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Issuer:     HUGOTON ROYALTY TRUST (HGTXU)
CIK:        0000862022
Form:       8-K
Filed at:   2025-06-20T23:59:59+00:00
Accession:  0000950170-25-088302
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/862022/000095017025088302/0000950170-25-088302-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/862022/000095017025088302/hgt_8-k_2506_distributio.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-088302

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