---
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"
generated_at: "2026-08-21T14:57:05.220895+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Hugoton Royalty Trust skips August distribution; going-concern doubt, OTCQB removal

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-360252
- JSON: https://secwatch.observer/filing/0001193125-26-360252.json
- Plain text: https://secwatch.observer/filing/0001193125-26-360252.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.