{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-016083","form_type":"8-K","ticker":"HGTXU","cik":"0000862022","company_name":"HUGOTON ROYALTY TRUST","filed_at":"2026-01-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.842915+00:00","generated_at":"2026-05-16T09:40:32.458138+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Hugoton Royalty Trust declares no January 2026 cash distribution; excess costs persist","bullets":["No monthly cash distribution for January 2026 due to excess costs on all three net profits interests.","Cumulative excess costs: Kansas $2,909,000 (incl. $283k interest), Oklahoma $13,517,000 ($841k interest), Wyoming $11,413,000 ($1,137k interest).","Underlying October production: 739,000 Mcf gas at $3.33/Mcf, 19,000 Bbl oil at $60.11/Bbl.","Mach Natural Resources incurred $5,052k development costs, $1,722k production expense, $938k overhead in current royalty calculation.","Trustee does not foresee any distributions in the near term; cash reserve reduced by $7,000 for Trust expenses."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-016083","json":"https://secwatch.observer/filing/0001193125-26-016083.json","markdown":"https://secwatch.observer/filing/0001193125-26-016083.md","text":"https://secwatch.observer/filing/0001193125-26-016083.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862022/000119312526016083/0001193125-26-016083-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862022/000119312526016083/hgt_8-k_2601_distributio.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T09:40:32.458138+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"}