{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-284037","form_type":"8-K","ticker":"HGTXU","cik":"0000862022","company_name":"HUGOTON ROYALTY TRUST","filed_at":"2025-11-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.389129+00:00","generated_at":"2026-05-16T19:32:59.240528+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Hugoton Royalty Trust skips November 2025 distribution; excess costs persist on all three net profits interests","bullets":["No cash distribution for November 2025; Trustee does not foresee any in near term.","Gas sales 736,000 Mcf at $3.46/Mcf, oil 13,000 bbls at $62.06/bbl in current month.","Kansas excess costs $2,665,000 (incl. $251K interest); Oklahoma $8,767,000 ($739K interest); Wyoming $10,911,000 ($1,007K interest).","Development costs $3,000, production expense $1,493,000, overhead $926,000 from operator Mach Natural Resources.","Cash reserve reduced by $5,000 for trust expenses; will be replenished before future distributions."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-284037","json":"https://secwatch.observer/filing/0001193125-25-284037.json","markdown":"https://secwatch.observer/filing/0001193125-25-284037.md","text":"https://secwatch.observer/filing/0001193125-25-284037.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862022/000119312525284037/0001193125-25-284037-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862022/000119312525284037/hgt_8-k_2511_distributio.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T19:32:59.240528+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"}