{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-038357","form_type":"8-K","ticker":"HGTXU","cik":"0000862022","company_name":"HUGOTON ROYALTY TRUST","filed_at":"2024-02-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.076704+00:00","generated_at":"2026-06-06T00:33:38.339429+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Hugoton Royalty Trust skips February 2024 distribution; excess costs persist across all conveyances","bullets":["No cash distribution declared for Feb 2024 due to excess costs on all three net profits interests.","Cash reserve reduced by $26k for expenses; reserve will be replenished before future distributions.","Underlying sales: 788,000 Mcf gas at $3.75/Mcf and 23,000 Bbl oil at $75.58/Bbl.","Excess costs: Kansas $972k, Oklahoma $711k, Wyoming $1,804k; Oklahoma may face additional ~$14.6M Chieftain charge.","Development costs of $9.1M underlying ($7.3M net) charged for three non-operated wells in Major County, Oklahoma."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-038357","json":"https://secwatch.observer/filing/0001193125-24-038357.json","markdown":"https://secwatch.observer/filing/0001193125-24-038357.md","text":"https://secwatch.observer/filing/0001193125-24-038357.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862022/000119312524038357/0001193125-24-038357-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862022/000119312524038357/d774383d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T00:33:38.339429+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"}