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Stock impact report

Hugoton Royalty Trust will not pay April distribution [Seeking Alpha]

HUGOTON ROYALTY TRUST (HGT) 
US:NYSE Investor Relations: hgt-hugoton.com
Company Research Source: Seeking Alpha
Hugoton Royalty Trust will not pay April distributionHugoton Royalty Trust (HGT-6.2%) says itwill not pay a cash distribution to unitholders for April due to the excess cost positions on all three of its conveyances of net profits interests.Most prominently, sponsor XTO Energy says higher budgeted development costs in the current month, primarily due to the projected drilling of four horizontal wells in Oklahoma H2 2018, caused costs to exceed revenues by $1.55M on properties underlying the Oklahoma net profits interests.HGTalso did not pay a distribution in March.See all stocks on the move »Now read:Approach Resources: Debt Action » Show less Read more
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