8-K filed September 18, 2026, 12:12 PM ET ticker HGTXU CIK 0000862022

other material confidence high sentiment negative materiality 0.90

Hugoton Royalty Trust skips September 2026 distribution; cites excess costs and going-concern doubt

HUGOTON ROYALTY TRUST

No September 2026 cash distribution; no distributions since July 2023 due to excess costs on all three conveyances.
Cumulative excess costs: Kansas $3.408M, Oklahoma $15.154M, Wyoming $13.312M, including accrued interest.
Trust cash reserve down $4,000; trustee fee deferred since April 2024; going-concern doubt raised.
Trust filed Form 12b-25 for Q2 10-Q delay; units moved to Expert Market (unsolicited quotes only).
Trustee may seek termination or sale, but 80% unitholder approval required; no interested parties so far.

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