{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-228205","form_type":"8-K","ticker":"HGTXU","cik":"0000862022","company_name":"HUGOTON ROYALTY TRUST","filed_at":"2026-05-18T14:07:10+00:00","discovered_at":"2026-05-18T14:26:00.288235+00:00","generated_at":"2026-05-18T14:29:21.735596+00:00","sec_items":["2.02","9.01"],"event_type":"other","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Hugoton Royalty Trust skips May 2026 distribution; going concern, auditor dismissed","bullets":["No May 2026 cash distribution; no distributions since July 2023 due to excess costs.","Trust has substantial doubt about going concern; cash reserve insufficient for obligations.","Trust exploring termination or sale; no third-party interest; 80% unitholder approval needed.","Grant Thornton dismissed April 16, 2026; no new auditor due to cash constraints; Q1 10-Q late.","Cumulative excess costs: Kansas $3.1M, Oklahoma $14.9M, Wyoming $11.1M (includes interest)."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-228205","json":"https://secwatch.observer/filing/0001193125-26-228205.json","markdown":"https://secwatch.observer/filing/0001193125-26-228205.md","text":"https://secwatch.observer/filing/0001193125-26-228205.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862022/000119312526228205/0001193125-26-228205-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862022/000119312526228205/hgt_8-k_2605_distributio.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T14:29:21.735596+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"}