{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-117087","form_type":"8-K","ticker":"HGTXU","cik":"0000862022","company_name":"HUGOTON ROYALTY TRUST","filed_at":"2026-03-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.843454+00:00","generated_at":"2026-05-15T09:33:25.818599+00:00","sec_items":["2.02","9.01"],"event_type":"dividend","sentiment":"negative","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"Hugoton Royalty Trust declares no March 2026 distribution; going concern doubt","bullets":["No cash distribution for March 2026; no distributions since July 2023 due to excess costs.","Trustee does not foresee near-term distributions; accumulated excess costs on all conveyances.","Substantial doubt about going concern; cash reserve reduced $27k; trustee fee deferred since April 2024.","Out-of-period volumes: 18,000 Bbls and 87,000 Mcf from non-operated OK well; upcoming $1.5M expenses.","Excess costs: KS $3.1M, OK $12.0M, WY $11.3M; trustee exploring termination or sale but unlikely."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-117087","json":"https://secwatch.observer/filing/0001193125-26-117087.json","markdown":"https://secwatch.observer/filing/0001193125-26-117087.md","text":"https://secwatch.observer/filing/0001193125-26-117087.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862022/000119312526117087/0001193125-26-117087-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862022/000119312526117087/hgt_8-k_2603_distributio.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T09:33:25.818599+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"}