HUGOTON ROYALTY TRUST (HGTXU) Form 8-K — May 18, 2026
Hugoton Royalty Trust (HGTXU) announced it will not declare a cash distribution for May 2026 due to excess cost positions on its net profits interests, marking the continuation of a distribution drought since July 2023. The Trust’s cash reserve was reduced by $5,000 for expenses, and the Trustee stated it does not foresee any distributions in the near term as it attempts to replenish reserves. The filing raises substantial doubt about the Trust’s ability to continue as a going concern, citing insufficient cash to meet obligations over the next year.
Key figures
- Cash Position
- 0
- Overhead
- 913000
- Development costs
- 129000
- Production expense
- 1914000
- Cash reserve reduction
- 5000
- Advance distributions xto
- 1000000
- Prior month avg gas price
- 4.94
- Prior month avg oil price
- 56.66
- Prior month gas volume mcf
- 707000
- Current month avg gas price
- 7.08
- Current month avg oil price
- 60.04
- Prior month oil volume bbls
- 14000
- Current month gas volume mcf
- 664000
- Current month oil volume bbls
- 12000
- Kansas cumulative excess costs
- 3134000
- Wyoming cumulative excess costs
- 11112000
- Oklahoma cumulative excess costs
- 14857000
Price after filing
Close on the filing date to close N calendar days later (from $0.24). Historical, not a forecast.
AI analysis
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