Hugoton Royalty Trust declares no September 2025 cash distribution due to excess costs

HUGOTON ROYALTY TRUST

No monthly cash distribution for September 2025; cash reserve reduced by $29,000 for trust expenses.
Kansas excess costs: $2,555,000 (incl. $220,000 interest); Oklahoma: $8,530,000 (incl. $633,000); Wyoming: $10,646,000 (incl. $873,000).
Underlying sales: 623,000 Mcf gas at $3.24/Mcf, 11,000 Bbl oil at $67.50/Bbl for current month.
Mach Natural Resources reported $210,000 development, $1,754,000 production, and $936,000 overhead costs in royalty calculation.
Trustee must replenish cash reserve from future net profits before declaring any distributions.

item 2.02item 9.01

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