---
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"
generated_at: "2026-05-16T12:40:56.966504+00:00"
event_type: "dividend"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: dividend
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-326082
- JSON: https://secwatch.observer/filing/0001193125-25-326082.json
- Plain text: https://secwatch.observer/filing/0001193125-25-326082.txt

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