Hugoton Royalty Trust Announces Q3 2024 Distribution
Ticker: HGTXU · Form: 8-K · Filed: Nov 18, 2024 · CIK: 862022
| Field | Detail |
|---|---|
| Company | Hugoton Royalty Trust (HGTXU) |
| Form Type | 8-K |
| Filed Date | Nov 18, 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 $0.045/unit for Q3, totaling $1M.
AI Summary
Hugoton Royalty Trust announced its quarterly cash distribution for the period ending September 30, 2024, on November 18, 2024. The trust will distribute $0.045170 per unit, totaling approximately $1,000,000. This distribution is based on the net profits from the sale of oil and gas produced from the trust's properties during the third quarter.
Why It Matters
This filing provides investors with the specific cash distribution amount for the quarter, directly impacting their returns and reflecting the trust's operational performance.
Risk Assessment
Risk Level: low — This is a routine distribution announcement and does not involve significant new risks.
Key Numbers
- $0.045170 — Per Unit Distribution (Cash distribution for the quarter ending September 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
- November 18, 2024 (date) — Report Date
- September 30, 2024 (date) — Reporting Period End Date
- $0.045170 (dollar_amount) — Per Unit Distribution
- $1,000,000 (dollar_amount) — Total Distribution Amount
FAQ
What is the specific cash distribution amount per unit for the third quarter of 2024?
The specific cash distribution amount per unit for the quarter ending September 30, 2024, is $0.045170.
When was this quarterly cash distribution announced?
This quarterly cash distribution was announced on November 18, 2024.
What is the total approximate amount of the distribution?
The total approximate amount of the distribution is $1,000,000.
What period does this distribution cover?
This distribution covers the period ending September 30, 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 12.6 · Accepted 2024-11-18 12:45:48
Filing Documents
- hgt_8-k_2411_distributio.htm (8-K) — 45KB
- hgtxu-ex99_1.htm (EX-99.1) — 38KB
- 0000950170-24-127877.txt ( ) — 84KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On November 18, 2024, the Registrant issued a news release that it will not declare a monthly cash distribution for the month of November 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 November 18, 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: November 18, 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