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Hugoton Royalty Trust skips Jan. distribution & updates on XTO settlement amount

  • Southwest Bank, as Trustee of the Hugoton Royalty Trust (NYSE:HGT-OLD) today declared there would not be a cash distribution to the holders of its units of beneficial interest for the month of Jan. 2018.
  • XTO Energy informed the Trustee on Jan. 17, 2018, that it believes that the portion of the settlement that relates to the Trust is as much as $20M.
  • The settlement requires final approval by a judge, which is expected to occur in late Q118.
  • Shares -38% AH
  • Press Release

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