Hugoton Royalty Trust Declares No October 2026 Cash Distribution

Hugoton Royalty Trust (HGTXU) said it will not make a cash distribution to unitholders for October 2026 because all three net-profits-interest conveyances remain in excess-cost positions. The Trust’s cash reserve decreased by $4,000 to pay expenses.

The Trust said it does not foresee distributions in the near term and disclosed substantial doubt about its ability to continue as a going concern because of insufficient cash to meet obligations over the one-year period following issuance of year-end financial statements.

• No unitholder distributions have been made since July 2023.
• Underlying cumulative excess costs totaled $3.471 million in Kansas, $15.068 million in Oklahoma, and $13.613 million in Wyoming.
• For the current distribution month, attributable sales volumes were 665,000 Mcf of gas and 14,000 barrels of oil, with average prices of $3.37 per Mcf and $81.43 per barrel.
• Mach reported $55,000 in development costs, $1.518 million in production expense, and $907,000 in overhead for the current month’s royalty calculation.
• The Trust said its units were removed from OTCQB on July 17, 2026 and now trade on the Expert Market on an unsolicited-quotes-only basis.

$HGTXU Hedge Fund Activity

We have seen 0 institutional investors add shares of $HGTXU stock to their portfolio, and 0 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• PINNACLE HOLDINGS, LLC added 0 shares (+0.0%) to their portfolio in Q2 2026, for an estimated $0

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