---
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"
generated_at: "2026-05-16T09:40:32.458138+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hugoton Royalty Trust declares no January 2026 cash distribution; excess costs persist

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-016083
- JSON: https://secwatch.observer/filing/0001193125-26-016083.json
- Plain text: https://secwatch.observer/filing/0001193125-26-016083.txt

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