Hugoton Royalty Trust declares no June distribution; going concern doubts persist

HUGOTON ROYALTY TRUST

No cash distribution for June 2026; no distributions since July 2023 due to excess costs on all three conveyances.
Cumulative excess costs: Kansas $3.193M, Oklahoma $14.176M, Wyoming $11.582M (including accrued interest).
Trustee has deferred its fee since April 2024; financing unlikely; considering termination or sale of assets.
Trust unable to file Q1 2026 10-Q due to cash constraints; no independent auditor engaged; OTCQB status at risk.
Underlying gas sales 669,000 Mcf at $3.30/Mcf; oil 17,000 Bbls at $80.55 for current month.

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