{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-395289","form_type":"8-K","ticker":"HGTXU","cik":"0000862022","company_name":"HUGOTON ROYALTY TRUST","filed_at":"2026-09-18T16:12:16+00:00","discovered_at":"2026-09-18T16:13:31.327011+00:00","generated_at":"2026-09-18T16:13:37.116724+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 skips September 2026 distribution; cites excess costs and going-concern doubt","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-395289","json":"https://secwatch.observer/filing/0001193125-26-395289.json","markdown":"https://secwatch.observer/filing/0001193125-26-395289.md","text":"https://secwatch.observer/filing/0001193125-26-395289.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862022/000119312526395289/0001193125-26-395289-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862022/000119312526395289/hgt_8-k_2609_distributio.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-09-18T16:13:37.116724+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"}