{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-053624","form_type":"8-K","ticker":"HGTXU","cik":"0000862022","company_name":"HUGOTON ROYALTY TRUST","filed_at":"2026-02-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.843188+00:00","generated_at":"2026-05-16T02:39:52.504689+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Hugoton Royalty Trust skips February 2026 distribution, flags going concern doubts; no distributions since July 2023","bullets":["No cash distribution for February 2026 due to excess cost positions on all three conveyances; cash reserve reduced $63k for expenses.","Trustee does not foresee any distributions in near term; no distributions have been paid since July 2023.","Going concern substantial doubt: insufficient cash to meet obligations over next year; trustee deferred its own fee since April 2024.","Trustee explored financing and third-party asset sale interest without success; may seek termination or sale requiring 80% unitholder approval.","Excess costs: Kansas $3.034M (incl. $300k interest), Oklahoma $13.458M ($918k interest), Wyoming $11.466M ($1.202M interest)."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-053624","json":"https://secwatch.observer/filing/0001193125-26-053624.json","markdown":"https://secwatch.observer/filing/0001193125-26-053624.md","text":"https://secwatch.observer/filing/0001193125-26-053624.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862022/000119312526053624/0001193125-26-053624-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862022/000119312526053624/hgt_8-k_2602_distributio.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T02:39:52.504689+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"}