Hugoton Royalty Trust (HGTXU) to skip September 2025 cash distribution

Rhea-AI Filing Summary

Hugoton Royalty Trust reported that it will not declare a monthly cash distribution for September 2025. This means unitholders will not receive a payout for that month, which is notable because distributions are a primary source of return for holders of royalty trust units. The decision was disclosed in a news release dated September 19, 2025, which is attached as an exhibit.

The report is furnished under the results of operations and financial condition section, indicating the decision is tied to recent operating or financial performance, although specific financial figures are not included here.

Positive

• None.

Negative

• Hugoton Royalty Trust will not declare a monthly cash distribution for September 2025, directly reducing expected income for unitholders who depend on regular payouts.

Insights

Income-focused securities analyst

Suspending the September 2025 cash distribution is a negative signal for income-focused unitholders.

The trust states it will not declare a monthly cash distribution for September 2025, which directly affects unitholders who rely on regular cash payouts. For a royalty trust, distributions are typically the main mechanism through which underlying cash flows reach investors, so even a single skipped month can be meaningful.

The disclosure is made under the results of operations and financial condition section, implying that operating or financial factors drove the decision, although no amounts are provided. The attached news release dated September 19, 2025 may offer more context on the drivers and whether this reflects a one-time event or part of a broader pattern.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 19, 2025

HUGOTON ROYALTY TRUST

(Exact name of registrant as specified in its charter)

Texas			001-10476	58-6379215
(State or other jurisdiction of incorporation)			(Commission File Number)	(IRS Employer Identification No.)
Argent Trust Company Trustee 3838 Oak Lawn Ave, Suite 1720
Dallas, Texas				75219-4518
(Address of principal executive offices)				(Zip Code)

Registrant’s telephone number, including area code: (855) 588-7839

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to Section 12(g) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Units of Beneficial Interest		HGTXU		OTCQB

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On September 19, 2025, the Registrant issued a news release that it will not declare a monthly cash distribution for the month of September 2025. A copy of the news release is furnished as Exhibit 99.1.

The information in this Current Report, including the news release attached hereto, is being furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities of that Section.

Item 9.01 Financial Statements and Exhibits.

(d)	Exhibits.
	Exhibit 99.1		News Release dated September 19, 2025

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		HUGOTON ROYALTY TRUST
		By:	ARGENT TRUST COMPANY, TRUSTEE
Date:	September 19, 2025	By:	/s/ NANCY WILLIS
			Nancy Willis
			Director of Royalty Trust Services

FAQ

What did Hugoton Royalty Trust (HGTXU) disclose in this 8-K filing?

The trust disclosed that it will not declare a monthly cash distribution for the month of September 2025 and furnished a related news release dated September 19, 2025 as an exhibit.

Is Hugoton Royalty Trust paying a September 2025 cash distribution to unitholders?

No. Hugoton Royalty Trust stated that it will not declare a monthly cash distribution for the month of September 2025, meaning unitholders will not receive a payout for that month.

When did Hugoton Royalty Trust announce the suspension of the September 2025 distribution?

The trust issued a news release dated September 19, 2025 stating that it will not declare a monthly cash distribution for September 2025. This news release is furnished as Exhibit 99.1.

On what market are Hugoton Royalty Trust units traded and under what symbol?

Units of beneficial interest in Hugoton Royalty Trust are traded on the OTCQB market under the trading symbol HGTXU.

Does this 8-K filing include detailed financial results for Hugoton Royalty Trust?

The filing is made under the results of operations and financial condition section but only states that no September 2025 distribution will be declared and attaches a news release; detailed financial figures are not included in the provided content.

Is the information about the September 2025 distribution considered filed or furnished?

The trust states that the information, including the attached news release, is being furnished under the results of operations and financial condition section and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934.