Business Context and Reporting Period
This Form 8-K Current Report was filed by NXG Cushing Midstream Energy Fund (NYSE: SRV) on July 13, 2026, covering events that occurred on July 10, 2026. The Fund is a Delaware corporation focused on midstream energy investments.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The report focuses exclusively on a corporate action regarding a new securities offering.
Material Changes and Corporate Actions
- Entry into Material Definitive Agreement: On July 10, 2026, the Fund entered into a Distribution Agreement with Foreside Fund Services, LLC to offer and sell up to 1,500,000 common shares of beneficial interest.
- Offering Structure: The shares will be sold "at the market" pursuant to Rule 415 under the Securities Act of 1933. The minimum sale price is defined as the current net asset value per share plus the distributor's commission.
- Sub-Placement Agent: Foreside Fund Services, LLC has engaged UBS Securities LLC as a sub-placement agent for the offering.
- Commencement: The Fund officially commenced the offering on July 10, 2026, under an effective shelf registration statement (File No. 333-286482).
Guidance, Outlook, and Risks
The filing does not provide specific financial guidance, management commentary on future performance, or a discussion of general business risks. The primary contingency noted is the execution of the Distribution Agreement and the associated legal opinions regarding the legality of the shares.
Key Facts for Investor Verification
- Verify the total number of shares authorized for sale (1,500,000) and the current issuance status.
- Review the full text of the Distribution Agreement (Exhibit 1.1) and Sub-Placement Agent Agreement (Exhibit 1.2) for specific commission rates and termination clauses.
- Confirm the impact of this offering on the Fund's net asset value (NAV) and potential dilution to existing shareholders.
- Check the prospectus supplement dated July 10, 2026, for detailed terms of the "at the market" offering.