Hugoton Royalty Trust skips October 2025 cash distribution due to excess cost positions

HUGOTON ROYALTY TRUST

No monthly cash distribution for October 2025; excess cost on all three net profits interests.
Cash reserve reduced by $47,000 for Trust expenses; reserve to be replenished before future distributions.
Current month underlying volumes: 757,000 Mcf gas at $3.63, 19,000 Bbls oil at $63.52.
Cumulative excess costs: Kansas $2,548k (incl. $236k interest), Oklahoma $8,749k ($687k), Wyoming $10,767k ($941k).
Advance of $1,000,000 from XTO Energy may be recouped from future distributable net profits.

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