{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-275147","form_type":"8-K","ticker":"HGTXU","cik":"0000862022","company_name":"HUGOTON ROYALTY TRUST","filed_at":"2026-06-18T13:49:12+00:00","discovered_at":"2026-06-18T13:50:00.389117+00:00","generated_at":"2026-06-18T13:50:03.926695+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Hugoton Royalty Trust declares no June distribution; going concern doubts persist","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-275147","json":"https://secwatch.observer/filing/0001193125-26-275147.json","markdown":"https://secwatch.observer/filing/0001193125-26-275147.md","text":"https://secwatch.observer/filing/0001193125-26-275147.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862022/000119312526275147/0001193125-26-275147-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862022/000119312526275147/hgt_8-k_2606_distributio.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T13:50:03.926695+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"}