Business Context and Reporting Period
This Form 8-K is a current report filed by PermRock Royalty Trust on September 20, 2022. The Trust, managed by Simmons Bank as Trustee, reported a cash distribution to record holders of its trust units as of September 30, 2022.
Key Financial Metrics
- Cash Distribution: $1,132,255.37 total.
- Distribution Per Unit: $0.093069 per Trust Unit.
- Payment Date: October 17, 2022.
- Underlying Production Period: Principally based on production during July 2022.
- Revenue, Profit, and Debt: The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity beyond the distribution amount.
Material Changes
The filing does not explicitly state material changes in financial condition compared to prior periods. It solely announces the quarterly distribution amount derived from July 2022 production.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, or specific discussion of risks and contingencies. The document notes that the information is "furnished" and not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
Investor Verification Checklist
- Verify the exact number of Trust Units outstanding to confirm the total distribution calculation.
- Review the attached press release (Exhibit 99.1) for details on July 2022 production volumes and commodity prices.
- Confirm the record date of September 30, 2022, and payment date of October 17, 2022, for dividend eligibility.
- Check subsequent filings for any updates on production trends or trust termination events.