---
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"
generated_at: "2026-05-17T06:10:42.255789+00:00"
event_type: "dividend"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: dividend
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-208482
- JSON: https://secwatch.observer/filing/0001193125-25-208482.json
- Plain text: https://secwatch.observer/filing/0001193125-25-208482.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.