---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-163137"
form_type: "8-K"
ticker: "HGTXU"
cik: "0000862022"
company_name: "HUGOTON ROYALTY TRUST"
filed_at: "2026-04-20T23:59:59+00:00"
generated_at: "2026-05-15T05:25:40.965886+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.88
calibrated_materiality_score: 0.88
confidence: "high"
source: SEC EDGAR
---

# Hugoton Royalty Trust declares no April 2026 distribution, cites going concern, dismisses auditor

## Summary
- No April 2026 cash distribution; no near-term distributions foreseen due to excess cost positions on all three conveyances.
- Excess costs: Kansas $3.181M (incl. $333K interest), Oklahoma $15.409M (incl. $1.057M interest), Wyoming $11.305M (incl. $1.324M interest).
- Dismissed Grant Thornton LLP as independent auditor on April 16, 2026; anticipates inability to file future SEC reports.
- Trust cash reserve reduced by $97K; Trustee warns of going concern and may seek termination or sale of assets (requires 80% unitholder approval).
- No distributions since July 2023; underlying Jan. 2026 production: 707,000 Mcf gas at $4.94/Mcf, 14,000 bbl oil at $56.66/bbl.

## SEC filing metadata
- accession: 0001193125-26-163137
- form_type: 8-K
- ticker: HGTXU
- cik: 0000862022
- company_name: HUGOTON ROYALTY TRUST
- filed_at: 2026-04-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.88
- calibrated_materiality_score: 0.88
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/862022/000119312526163137/0001193125-26-163137-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/862022/000119312526163137/hgt_8-k_2604_distributio.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-163137
- JSON: https://secwatch.observer/filing/0001193125-26-163137.json
- Plain text: https://secwatch.observer/filing/0001193125-26-163137.txt

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