secwatch.observer — SEC 8-K summary
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Issuer:     HUGOTON ROYALTY TRUST (HGTXU)
CIK:        0000862022
Form:       8-K
Filed at:   2025-11-17T23:59:59+00:00
Accession:  0001193125-25-284037
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hugoton Royalty Trust skips November 2025 distribution; excess costs persist on all three net profits interests
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/862022/000119312525284037/0001193125-25-284037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/862022/000119312525284037/hgt_8-k_2511_distributio.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-284037

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