Hugoton Royalty Trust (HGTXU) — SEC Filings

Overview

Hugoton Royalty Trust (HGTXU) is a publicly traded company tracked on ReadTheFiling. The most recent enriched filing is a 10-K filed on Mar 31, 2026: Hugoton Royalty Trust (HGTXU) faces significant going concern doubts, having made no unitholder distributions since July 2023 due to all three of its conveyances being in excess costs. The Trust's expense reserve has been reduced, and it anticipates depleting its cash reserves by the second quarter

Sentiment Summary

Across 41 filings, the sentiment breakdown is: 1 bullish, 5 bearish, 35 neutral. The dominant filing sentiment for Hugoton Royalty Trust is neutral.

Filing Type Overview

Hugoton Royalty Trust (HGTXU) has filed 3 10-K, 29 8-K, 1 10-Q/A, 6 10-Q, 1 8-K/A, 1 SC 13G/A with the SEC between Jan 2024 to Mar 2026.

Filings by Year

2026 · 2025 · 2024

Recent Filings (41)

• Hugoton Royalty Trust Faces Imminent Liquidation Amid Zero Distributions — 10-K · Mar 31, 2026 Risk: high
  Hugoton Royalty Trust (HGTXU) faces significant going concern doubts, having made no unitholder distributions since July 2023 due to all three of its conveyance
• Hugoton Royalty Trust Files 8-K on Financials — 8-K · Dec 19, 2025 Risk: low
  Hugoton Royalty Trust filed an 8-K on December 19, 2025, reporting on its results of operations and financial condition, and including financial statements and
• Hugoton Royalty Trust Files 8-K on Financial Obligation Event — 8-K · Nov 17, 2025 Risk: medium
  On November 17, 2025, Hugoton Royalty Trust filed an 8-K report detailing a triggering event that accelerates or increases a direct financial obligation. The fi
• Hugoton Royalty Trust Faces Going Concern Doubts Amid Zero Distributions — 10-Q/A · Nov 14, 2025 Risk: high
  Hugoton Royalty Trust (HGTXU) filed a 10-Q/A for the period ended September 30, 2025, primarily to correct a technical error in the submission header, changing
• Hugoton Royalty Trust Faces Going Concern Risk Amid Soaring Excess Costs — 10-Q · Nov 13, 2025 Risk: high
  Hugoton Royalty Trust (HGTXU) reported no net profits income for the three and nine months ended September 30, 2025, continuing a trend of zero distributable in
• Hugoton Royalty Trust Files 8-K on Financials — 8-K · Oct 21, 2025 Risk: low
  Hugoton Royalty Trust filed an 8-K on October 21, 2025, reporting results of operations and financial condition, along with financial statements and exhibits. T
• Hugoton Royalty Trust Files 8-K on Financials — 8-K · Sep 19, 2025 Risk: low
  Hugoton Royalty Trust filed an 8-K on September 19, 2025, reporting on its results of operations and financial condition. The filing includes financial statemen
• Hugoton Royalty Trust Relists on OTCQB — 8-K · Aug 22, 2025 Risk: medium
  Hugoton Royalty Trust announced on August 21, 2025, that its common units will be relisted on the OTC Markets Group's OTCQB Venture Market, effective August 22,
• Hugoton Royalty Trust Files 8-K on Financials — 8-K · Aug 19, 2025 Risk: low
  Hugoton Royalty Trust filed an 8-K on August 19, 2025, reporting results of operations and financial condition, along with financial statements and exhibits. Th
• Hugoton Royalty Trust Faces Delisting, Zero Distributions Amid Liquidity Crisis — 10-Q · Aug 13, 2025 Risk: high
  Hugoton Royalty Trust (HGTXU) reported no net profits income for the three and six months ended June 30, 2025, and 2024, continuing a trend of zero distribution
• Hugoton Royalty Trust Faces Headwinds Amidst Plummeting Gas Prices — 10-Q · Jul 28, 2025 Risk: high
  Hugoton Royalty Trust (HGTXU) reported a significant decline in revenue and net income for the quarter ended March 31, 2025, primarily due to decreased natural
• Hugoton Royalty Trust Amends Financial Filing — 8-K/A · Jul 24, 2025 Risk: low
  Hugoton Royalty Trust filed an 8-K/A on July 24, 2025, to amend its previous filing regarding the results of operations and financial condition as of July 21, 2
• Hugoton Royalty Trust Files 8-K with Financials — 8-K · Jul 21, 2025 Risk: low
  Hugoton Royalty Trust filed an 8-K on July 21, 2025, reporting financial statements and exhibits. The filing details the trust's operations and financial status
• Hugoton Royalty Trust Files 8-K on Financials — 8-K · Jun 20, 2025 Risk: low
  Hugoton Royalty Trust filed an 8-K on June 20, 2025, reporting on its results of operations and financial condition. The filing includes financial statements an
• Hugoton Royalty Trust Appoints New Auditor — 8-K · Jun 17, 2025 Risk: low
  Hugoton Royalty Trust announced on June 17, 2025, a change in its certifying accountant. The Trust has appointed BKD, LLP as its new independent registered publ
• Hugoton Royalty Trust Announces Q1 2025 Distribution — 8-K · May 19, 2025 Risk: low
  Hugoton Royalty Trust announced its first quarter 2025 distribution on May 19, 2025. The trust will distribute $0.045000 per unit on June 13, 2025, to unitholde
• Hugoton Royalty Trust Changes Auditors — 8-K · May 16, 2025 Risk: low
  Hugoton Royalty Trust announced on May 13, 2025, the dismissal of its independent registered public accounting firm, Weaver and Tidwell, L.L.P. The trust has ap
• Hugoton Royalty Trust Files 8-K with Material Agreement — 8-K · May 1, 2025 Risk: medium
  On April 30, 2025, Hugoton Royalty Trust filed an 8-K report detailing a material definitive agreement. The filing also includes other events and financial stat
• Hugoton Royalty Trust Files 8-K with Financials — 8-K · Apr 17, 2025 Risk: low
  Hugoton Royalty Trust filed an 8-K on April 17, 2025, reporting financial statements and exhibits. The filing details the trust's operations and financial condi
• Hugoton Royalty Trust Files 2024 Annual Report — 10-K · Mar 31, 2025 Risk: low
  Hugoton Royalty Trust filed its annual 10-K report for the fiscal year ended December 31, 2024. The trust, incorporated in Texas with EIN 586379215, is managed
• Hugoton Royalty Trust Announces March Distribution — 8-K · Mar 21, 2025 Risk: low
  Hugoton Royalty Trust announced its March 2025 monthly distribution on March 21, 2025. The distribution is based on the net profits attributable to the Trust's
• Hugoton Royalty Trust Announces February Distribution — 8-K · Feb 18, 2025 Risk: low
  Hugoton Royalty Trust announced its February 2025 monthly distribution on February 18, 2025. The trust will distribute $0.035000 per unit to unitholders of reco
• Hugoton Royalty Trust Files 8-K on Financials — 8-K · Jan 21, 2025 Risk: low
  Hugoton Royalty Trust filed an 8-K on January 21, 2025, reporting results of operations and financial condition, along with financial statements and exhibits. T
• Hugoton Royalty Trust Announces Q3 2024 Distribution — 8-K · Dec 20, 2024 Risk: low
  Hugoton Royalty Trust announced a quarterly distribution of $0.035 per unit on December 20, 2024. This distribution is for the period ending September 30, 2024,
• Hugoton Royalty Trust Announces Q3 2024 Distribution — 8-K · Nov 18, 2024 Risk: low
  Hugoton Royalty Trust announced its quarterly cash distribution for the period ending September 30, 2024, on November 18, 2024. The trust will distribute $0.045
• Hugoton Royalty Trust Files Q3 2024 10-Q — 10-Q · Nov 13, 2024 Risk: low
  Hugoton Royalty Trust filed its 10-Q for the quarterly period ended September 30, 2024. The filing details the trust's financial performance and operational sta
• Hugoton Royalty Trust Files 8-K on Financials — 8-K · Oct 21, 2024 Risk: low
  Hugoton Royalty Trust filed an 8-K on October 21, 2024, reporting on its results of operations and financial condition, and filing financial statements and exhi
• Hugoton Royalty Trust Files 8-K on Financials — 8-K · Sep 20, 2024 Risk: low
  On September 20, 2024, Hugoton Royalty Trust filed an 8-K report. The filing primarily concerns the trust's results of operations and financial condition, and i
• Hugoton Royalty Trust Announces Q2 2024 Distribution — 8-K · Aug 20, 2024 Risk: low
  Hugoton Royalty Trust announced its quarterly cash distribution for the period ending June 30, 2024, on August 20, 2024. The trust will distribute $0.035658 per
• Hugoton Royalty Trust Files Q2 2024 10-Q — 10-Q · Aug 13, 2024 Risk: low
  Hugoton Royalty Trust filed its 10-Q for the quarterly period ended June 30, 2024. The filing details its financial performance and operational status. The trus
• Hugoton Royalty Trust Files 8-K with Financial Updates — 8-K · Jul 19, 2024 Risk: low
  On July 19, 2024, Hugoton Royalty Trust filed an 8-K report detailing its financial results and operations. The filing includes financial statements and exhibit
• Hugoton Royalty Trust Enters Material Definitive Agreement — 8-K · Jun 21, 2024 Risk: medium
  On June 18, 2024, Hugoton Royalty Trust entered into a material definitive agreement related to a settlement. The filing also includes financial statements and
• Hugoton Royalty Trust Files 8-K with Financials — 8-K · Jun 17, 2024 Risk: low
  On June 17, 2024, Hugoton Royalty Trust filed an 8-K report detailing its financial results and operations. The filing includes financial statements and exhibit
• Hugoton Royalty Trust Announces Q1 2024 Distribution — 8-K · May 20, 2024 Risk: low
  Hugoton Royalty Trust announced its first quarter 2024 distribution on May 20, 2024. The trust will distribute $0.035600 per unit on June 14, 2024, to unitholde
• Hugoton Royalty Trust Files Quarterly Report on Form 10-Q — 10-Q · May 14, 2024 Risk: low
  HUGOTON ROYALTY TRUST (HGTXU) filed a Quarterly Report (10-Q) with the SEC on May 14, 2024. Hugoton Royalty Trust filed a Form 10-Q for the quarterly period end
• Hugoton Royalty Trust Files 8-K on Financials — 8-K · Apr 19, 2024 Risk: low
  Hugoton Royalty Trust filed an 8-K on April 19, 2024, reporting on its results of operations and financial condition. The filing includes financial statements a
• Hugoton Royalty Trust Files 2023 Annual Report on Form 10-K — 10-K · Apr 1, 2024 Risk: low
  HUGOTON ROYALTY TRUST (HGTXU) filed a Annual Report (10-K) with the SEC on April 1, 2024. Hugoton Royalty Trust filed its annual report for the fiscal year ende
• Hugoton Royalty Trust Files 8-K — 8-K · Mar 18, 2024 Risk: low
  Hugoton Royalty Trust filed an 8-K on March 18, 2024, to report on its results of operations and financial condition, and to file financial statements and exhib
• Hugoton Royalty Trust Files 8-K on Operations and Financial Condition — 8-K · Feb 16, 2024 Risk: low
  Hugoton Royalty Trust filed an 8-K on February 16, 2024, reporting on its results of operations and financial condition. The filing indicates that Argent Trust
• Heck Boosts Hugoton Royalty Trust Stake to 15.56% — SC 13G/A · Jan 19, 2024
  Christopher John Heck, a U.S. citizen, has increased his beneficial ownership in Hugoton Royalty Trust (HGTXU) to 6,220,500 Common Trust Units, representing 15.
• Hugoton Royalty Trust Changes Trustee to Argent Trust Company — 8-K · Jan 19, 2024
  Hugoton Royalty Trust filed an 8-K on January 19, 2024, to update its trustee information. Argent Trust Company has replaced Simmons Bank Trustee as the new tru

Risk Profile

Risk Assessment: Of HGTXU's 39 recent filings, 5 were flagged as high-risk, 4 as medium-risk, and 30 as low-risk. The overall risk profile suggests relatively low risk with generally favorable filings.

Key Executives

• Texas
• Kansas
• Oklahoma
• Dallas

Industry Context

The oil and gas royalty trust sector is characterized by its dependence on commodity prices and production volumes. Trusts like Hugoton are passive entities that hold interests in producing properties and distribute income to unitholders. The industry faces ongoing challenges related to price volatility, regulatory changes, and the increasing costs of exploration and production.

Top Tags

financial-reporting (11) · operations (8) · royalty-trust (7) · distribution (7) · Royalty Trust (5) · Energy Sector (5) · 8-k (5) · trust (5) · oil-royalty (5) · Going Concern (4)

Key Numbers

• Market Value of Non-Affiliate Units: $16.0M — As of June 30, 2025, indicating limited market capitalization.
• Units Outstanding: 40M — As of March 31, 2026, representing the total beneficial interests.
• No Distributions Period: 32 months — Length of time without unitholder distributions as of March 31, 2026, highlighting severe financial distress.
• Anticipated Cash Depletion: Q2 2026 — Expected timeframe for the Trust's cash reserves to be completely depleted, raising going concern doubts.
• Total Advance Distributions: $1.0M — Sum of two $500,000 advances from XTO Energy in 2024 and Q2 2025 to provide liquidity.
• Net Profits Interest: 80% — Percentage of net proceeds the Trust is entitled to receive from underlying properties.
• Unitholder Approval Threshold: 80% — Required percentage of outstanding units for any material asset sale or Trust termination.
• SEC File Number: 001-10476 — Identifies the specific filing for Hugoton Royalty Trust
• IRS Employer Identification No.: 58-6379215 — Tax identification number for Hugoton Royalty Trust
• Distributable income per unit: $0.00 — for the three and nine months ended September 30, 2025 and 2024, indicating no unitholder distributions
• Cash and short-term investments: $360,188 — as of September 30, 2025, an increase from $233,736 at December 31, 2024, partially due to advance distributions
• Cumulative excess costs: $9,778,257 — remaining at December 31, 2024, across Kansas, Oklahoma, and Wyoming conveyances, hindering future net proceeds
• Total advance distributions: $1,000,000 — received from XTO Energy ($500,000 in Q2 2024 and $500,000 in Q2 2025) to replenish the expense reserve
• Units of beneficial interest: 40,000,000 — authorized and outstanding as of November 13, 2025
• Administration expense: $383,046 — for the nine months ended September 30, 2025, a decrease from $513,801 in the prior year

Related Companies

HGT · XOM

Frequently Asked Questions