HGTXU units see November 2025 monthly cash distribution suspended

Rhea-AI Filing Summary

Hugoton Royalty Trust reported that it issued a news release stating it will not declare a monthly cash distribution for the month of November 2025. This means unitholders of HGTXU will not receive a cash payout for that month, interrupting the trust’s usual pattern of monthly distributions. The notice is provided under a current report on results of operations and financial condition, with the full news release furnished as an exhibit.

Positive

• None.

Negative

• No November 2025 cash distribution, eliminating unitholder income from the trust for that month.

Insights

Income securities analyst

Hugoton halts its November 2025 monthly cash distribution, removing expected income for that month.

Hugoton Royalty Trust stated that it will not declare a monthly cash distribution for November 2025, indicating that distributable cash for that period is insufficient to support a payout. For an income-focused vehicle like a royalty trust, a skipped month directly reduces cash flow to unitholders who may rely on these regular distributions.

The disclosure is limited to the November 2025 distribution and does not describe reasons or future implications beyond that month. The financial impact on investors aligns with the missed payment itself, and any broader trend or recovery would need to be evaluated based on subsequent reports and distributions.

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): November 17, 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 November 17, 2025, the Registrant issued a news release that it will not declare a monthly cash distribution for the month of November 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 November 17, 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:	November 17, 2025	By:	/s/ NANCY WILLIS
			Nancy Willis
			Director of Royalty Trust Services

FAQ

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

The trust announced, via a news release, that it will not declare a monthly cash distribution for the month of November 2025, so no payout will be made for that period.

Will Hugoton Royalty Trust pay a monthly cash distribution for November 2025?

No. The trust disclosed that it will not declare a monthly cash distribution for the month of November 2025, meaning unitholders will not receive a cash payment for that month.

How was the decision about the November 2025 distribution communicated to HGTXU investors?

The decision was communicated through a news release dated November 17, 2025, which was furnished as Exhibit 99.1 to a current report on results of operations and financial condition.

Does the filing explain why Hugoton is skipping the November 2025 distribution?

The excerpt only states that no monthly cash distribution will be declared for November 2025 and does not provide an explanation or detailed financial figures related to that decision.

Is the news release about Hugoton’s November 2025 distribution considered filed or furnished?

The news release is being furnished under Item 2.02 and is expressly stated as not being deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.

What security of Hugoton Royalty Trust is publicly traded and under which symbol?

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