Hugoton Royalty Trust Declares No July 2025 Cash Distribution Due to Excess Costs

HUGOTON ROYALTY TRUST

Cash reserve reduced by $31,000 for expenses; no July distribution to unitholders.
Excess costs: Kansas $2,316,000, Oklahoma $7,302,000, Wyoming $10,206,000 including accrued interest.
Mach charged $5,000 development, $968,000 production expense, and $1,526,000 overhead for July calculation.
Trust appointed Grant Thornton as new auditor; Q1 10-Q delayed; OTCQB listing moved to OTC Pink.
Underlying gas sales 51,000 Mcf at $5.11/Mcf and oil 5,000 bbls at $60.55/bbl for current month.

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