Hugoton Royalty Trust Announces Q2 2024 Distribution
Ticker: HGTXU · Form: 8-K · Filed: Aug 20, 2024 · CIK: 862022
| Field | Detail |
|---|---|
| Company | Hugoton Royalty Trust (HGTXU) |
| Form Type | 8-K |
| Filed Date | Aug 20, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: distribution, oil and gas, royalty trust
TL;DR
Hugoton Royalty Trust is paying out $0.035658/unit on Aug 20, 2024, totaling $1M.
AI Summary
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 unit, totaling approximately $1,000,000. This distribution reflects the net profits from the sale of oil and gas produced from the trust's properties.
Why It Matters
This announcement provides investors with the latest cash payout from the trust's underlying oil and gas assets, directly impacting their realized returns.
Risk Assessment
Risk Level: low — This is a routine distribution announcement with no new material risks introduced.
Key Numbers
- $0.035658 — Per Unit Distribution (Cash payout to unitholders for the period ending June 30, 2024.)
- $1,000,000 — Total Distribution (Aggregate amount to be distributed to unitholders.)
Key Players & Entities
- Hugoton Royalty Trust (company) — Registrant
- Argent Trust Company (company) — Trustee
- August 20, 2024 (date) — Date of Report
- June 30, 2024 (date) — Period End Date for Distribution
- $0.035658 (dollar_amount) — Per Unit Distribution Amount
- $1,000,000 (dollar_amount) — Total Distribution Amount
FAQ
What is the specific amount of cash distribution per unit?
The cash distribution per unit is $0.035658.
What is the total approximate amount of the cash distribution?
The total approximate amount of the cash distribution is $1,000,000.
For what period is this distribution being made?
This distribution is for the period ending June 30, 2024.
On what date was this distribution announced?
The distribution was announced on August 20, 2024.
Who is the trustee for Hugoton Royalty Trust?
The trustee for Hugoton Royalty Trust is Argent Trust Company.
Filing Stats: 485 words · 2 min read · ~2 pages · Grade level 12.5 · Accepted 2024-08-20 11:16:00
Filing Documents
- hgt_8-k_2408_distributio.htm (8-K) — 43KB
- hgtxu-ex99_1.htm (EX-99.1) — 44KB
- 0000950170-24-098918.txt ( ) — 89KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On August 20, 2024, the Registrant issued a news release that it will not declare a monthly cash distribution for the month of August 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 August 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: August 20, 2024 By: /s/ NANCY WILLIS Nancy Willis Director of Royalty Trust Services EXXON MOBIL CORPORATION By: /s/ KRISTY WALKER Kristy Walker Unconventional Finance General Manager 3