HUGOTON ROYALTY TRUST (HGTXU) Form 8-K — Oct 20, 2026
Hugoton Royalty Trust (OTCPK: HGTXU) declared no cash distribution for October 2026 due to excess cost positions on all three of its net profits interest conveyances (Kansas, Oklahoma, Wyoming). The Trustee does not foresee any distributions in the near term. The Trust disclosed substantial doubt about its ability to continue as a going concern, having made no unitholder distributions since July 2023. Cumulative excess costs total roughly $32 million across the three conveyances, and the Trustee has deferred its own fees since April 2024 to conserve cash.
Key figures
- Mach overhead
- 907000
- Cash reserve change
- -4000
- Mach development costs
- 55000
- Current month gas price
- 3.37
- Current month oil price
- 81.43
- Mach production expense
- 1518000
- Kansas excess costs total
- 3471000
- Wyoming excess costs total
- 13613000
- Advance distributions total
- 1000000
- Oklahoma excess costs total
- 15068000
- Current month gas volume mcf
- 665000
- Current month oil volume bbls
- 14000
AI analysis
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