{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-326082","form_type":"8-K","ticker":"HGTXU","cik":"0000862022","company_name":"HUGOTON ROYALTY TRUST","filed_at":"2025-12-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.389414+00:00","generated_at":"2026-05-16T12:40:56.966504+00:00","sec_items":["2.02","9.01"],"event_type":"dividend","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Hugoton Royalty Trust declares no cash distribution for December 2025 due to excess costs","bullets":["No distribution declared for December 2025 because all three conveyances are in excess cost positions.","Cash reserve reduced by $63,000 for Trust expenses; reserve must be replenished before future distributions.","Current-month underlying sales: 710,000 Mcf gas at $3.31, 15,000 Bbls oil at $61.71.","Cumulative excess costs: Kansas $2.751M (incl. $267K interest), Oklahoma $8.635M ($791K), Wyoming $11.222M ($1.072M).","Excess costs rose $70K in Kansas and $247K in Wyoming; $184K recovered in Oklahoma; Trustee expects no near-term distributions."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-326082","json":"https://secwatch.observer/filing/0001193125-25-326082.json","markdown":"https://secwatch.observer/filing/0001193125-25-326082.md","text":"https://secwatch.observer/filing/0001193125-25-326082.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862022/000119312525326082/0001193125-25-326082-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862022/000119312525326082/hgt_8-k_2512_distributio.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:40:56.966504+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"}