{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-309836","form_type":"8-K","ticker":"HGTXU","cik":"0000862022","company_name":"HUGOTON ROYALTY TRUST","filed_at":"2026-07-21T15:49:40+00:00","discovered_at":"2026-07-21T15:50:00.415939+00:00","generated_at":"2026-07-21T15:50:12.369534+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 May 2026 distribution; units moved to Expert Market; going concern doubt","bullets":["No cash distribution for May 2026 due to excess costs on all three conveyances; no distributions since July 2023.","Trust units removed from OTCQB and now trade on Expert Market (unsolicited quotes only) as of July 17, 2026.","Cumulative excess costs: Kansas $3.237M, Oklahoma $14.044M, Wyoming $12.188M (including accrued interest).","Trustee does not foresee any distributions in near term; going concern doubt; may seek termination or sale of assets.","Trust has not filed Q1 2026 10-Q; no auditor engaged due to cash constraints; unitholders could lose entire investment."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-309836","json":"https://secwatch.observer/filing/0001193125-26-309836.json","markdown":"https://secwatch.observer/filing/0001193125-26-309836.md","text":"https://secwatch.observer/filing/0001193125-26-309836.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862022/000119312526309836/0001193125-26-309836-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862022/000119312526309836/hgt_8-k_2607_distributio.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-21T15:50:12.369534+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"}