{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-360252","form_type":"8-K","ticker":"HGTXU","cik":"0000862022","company_name":"HUGOTON ROYALTY TRUST","filed_at":"2026-08-21T14:56:04+00:00","discovered_at":"2026-08-21T14:57:01.610292+00:00","generated_at":"2026-08-21T14:57:05.220895+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"Hugoton Royalty Trust skips August distribution; going-concern doubt, OTCQB removal","bullets":["No August 2026 cash distribution; no distributions since July 2023 due to excess costs on all three conveyances.","Cumulative excess costs: Kansas $3.289M, Oklahoma $15.058M, Wyoming $12.735M (incl. accrued interest).","Trust filed Form 12b-25 for Q2 10-Q; no auditor engaged due to cash constraints; units removed from OTCQB to Expert Market on July 17, 2026.","Trustee deferred fees since April 2024; financing unlikely; sale or termination requires 80% unitholder approval.","May 2026 underlying sales: 693,000 Mcf gas at $2.80, 13,000 Bbl oil at $100.73."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-360252","json":"https://secwatch.observer/filing/0001193125-26-360252.json","markdown":"https://secwatch.observer/filing/0001193125-26-360252.md","text":"https://secwatch.observer/filing/0001193125-26-360252.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862022/000119312526360252/0001193125-26-360252-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862022/000119312526360252/hgt_8-k_2608_distributio.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-21T14:57:05.220895+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"}