{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-208482","form_type":"8-K","ticker":"HGTXU","cik":"0000862022","company_name":"HUGOTON ROYALTY TRUST","filed_at":"2025-09-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.513575+00:00","generated_at":"2026-05-17T06:10:42.255789+00:00","sec_items":["2.02","9.01"],"event_type":"dividend","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Hugoton Royalty Trust declares no September 2025 cash distribution due to excess costs","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-208482","json":"https://secwatch.observer/filing/0001193125-25-208482.json","markdown":"https://secwatch.observer/filing/0001193125-25-208482.md","text":"https://secwatch.observer/filing/0001193125-25-208482.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862022/000119312525208482/0001193125-25-208482-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862022/000119312525208482/hgt_8-k_2509_distributio.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:10:42.255789+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"}