- Hugoton Royalty Trust **will not declare a monthly cash distribution for September 2025**.  **[862022_0001193125-25-208482_hgt_8-k_2509_distributio.htm:0]** **[862022_0001193125-25-208482_hgtxu-ex99_1.htm:0]** 
- This decision is due to **excess cost positions** on all three of the Trust's conveyances of net profits interests.  **[862022_0001193125-25-208482_hgtxu-ex99_1.htm:0]** 
- The Trust's cash reserve was reduced by **$29,000** for expenses, and the Trustee anticipates **replenishing this reserve** from future net profits income before declaring any future distributions.  **[862022_0001193125-25-208482_hgtxu-ex99_1.htm:0]** 
- For the current month, excess costs increased by **$115,000** on Kansas properties, **$787,000** on Oklahoma properties, and **$166,000** on Wyoming properties.  **[862022_0001193125-25-208482_hgtxu-ex99_1.htm:0]** **[862022_0001193125-25-208482_hgtxu-ex99_1.htm:1]** 
- Cumulative excess costs remaining, including accrued interest, total **$2,555,000** for Kansas, **$8,530,000** for Oklahoma, and **$10,646,000** for Wyoming.  **[862022_0001193125-25-208482_hgtxu-ex99_1.htm:0]** **[862022_0001193125-25-208482_hgtxu-ex99_1.htm:1]**

HUGOTON ROYALTY TRUST (HGTXU)