HUGOTON ROYALTY TRUST 8-K

What Happened

• Hugoton Royalty Trust (HGTXU) filed an 8‑K reporting that on April 16, 2026 the Trustee, Argent Trust Company, recommended and approved dismissal of Grant Thornton LLP (GT) as the Trust’s independent registered public accounting firm. GT’s audit report for the year ended December 31, 2025 did not contain an adverse opinion or disclaimer and was not otherwise qualified, except it included an explanatory paragraph about substantial doubt regarding the Trust’s ability to continue as a going concern. The Trust received a letter from GT (filed as Exhibit 16.1) and, citing cash constraints, is not currently seeking to engage a new independent auditor.

Key Details

• Dismissal date: April 16, 2026; Trustee: Argent Trust Company.
• GT’s report covered the year ended December 31, 2025 and included a going‑concern explanatory paragraph.
• No disagreements with GT on accounting, disclosure, or audit scope during the fiscal year or subsequent interim period were reported.
• A letter from Grant Thornton dated April 17, 2026 was filed as Exhibit 16.1; the Trust asked GT to confirm the 8‑K disclosures and received the letter.

Why It Matters

• An auditor dismissal and a prior going‑concern disclosure are material to investors: the going‑concern paragraph signals financial uncertainty at the Trust, and lack of a current auditor may affect future audited filings or investor confidence.
• The filing states there were no audit disagreements or other reportable events, which reduces the likelihood of disputed accounting issues. Investors should monitor future filings for appointment of a new auditor and any updates on the Trust’s financial condition.