Hugoton Royalty Trust Announces Q1 2024 Distribution
Ticker: HGTXU · Form: 8-K · Filed: May 20, 2024 · CIK: 862022
| Field | Detail |
|---|---|
| Company | Hugoton Royalty Trust (HGTXU) |
| Form Type | 8-K |
| Filed Date | May 20, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: distribution, royalty-trust, oil-and-gas
TL;DR
Hugoton Royalty Trust paying out $0.0356/unit on June 14th. Get ready for some cash.
AI Summary
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 unitholders of record as of May 31, 2024. This distribution is based on production and pricing from the Hugoton field for the first quarter of 2024.
Why It Matters
This filing provides unitholders with details on the upcoming cash distribution, directly impacting their investment returns based on the trust's performance.
Risk Assessment
Risk Level: low — This is a routine distribution announcement, not indicating any significant operational or financial changes.
Key Numbers
- $0.035600 — Per Unit Distribution (First quarter 2024 distribution amount.)
- May 31, 2024 — Record Date (Date to determine unitholders eligible for distribution.)
- June 14, 2024 — Payment Date (Date the distribution will be paid.)
Key Players & Entities
- Hugoton Royalty Trust (company) — Registrant
- May 20, 2024 (date) — Date of Report
- June 14, 2024 (date) — Distribution Payment Date
- May 31, 2024 (date) — Record Date
- $0.035600 (dollar_amount) — Per Unit Distribution Amount
- Argent Trust Company (company) — Trustee
FAQ
What is the specific amount of the distribution per unit for the first quarter of 2024?
The distribution is $0.035600 per unit.
When will the unitholders receive this distribution?
The distribution will be paid on June 14, 2024.
Who is eligible to receive this distribution?
Unitholders of record as of May 31, 2024, are eligible.
What period does this distribution cover?
This distribution is for the first quarter of 2024.
Who is the trustee for Hugoton Royalty Trust?
Argent Trust Company is the trustee.
Filing Stats: 483 words · 2 min read · ~2 pages · Grade level 12.2 · Accepted 2024-05-20 15:03:23
Filing Documents
- hgt_8-k_2405_distributio.htm (8-K) — 42KB
- hgtxu-ex99_1.htm (EX-99.1) — 42KB
- 0000950170-24-062300.txt ( ) — 86KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On May 20, 2024, the Registrant issued a news release that it will not declare a monthly cash distribution for the month of May 2024. 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.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit 99.1 News Release dated May 20, 2024 2
SIGNATURES
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: May 20, 2024 By: /s/ NANCY WILLIS Nancy Willis Director of Royalty Trust Services EXXON MOBIL CORPORATION By: /s/ WENDI POWELL Wendi Powell Upstream Controller 3