PermRock Royalty Trust - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed on July 19, 2022, by PermRock Royalty Trust (the "Trust"), a Delaware trust managed by Simmons Bank as Trustee. The filing reports on a cash distribution to record holders of Trust Units as of July 29, 2022, based principally on production during May 2022.
Key Financial Metrics
- Cash Distribution: $1,103,463.10 total.
- Distribution Per Unit: $0.090702 per Trust Unit.
- Payment Date: August 12, 2022.
- Revenue, Profit, Margins, Debt, and Liquidity: The filing text does not provide specific values for revenue, net income, operating margins, debt levels, or liquidity ratios. It focuses solely on the distribution amount derived from production royalties.
Material Changes
The filing does not explicitly compare the current distribution to prior periods or detail material changes in financial condition versus the prior comparable period. It serves as a notification of the specific distribution amount for the May 2022 production cycle.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, or specific discussion of risks and contingencies beyond the standard disclosure that the information is "furnished" and not "filed" for purposes of Section 18 of the Exchange Act. No unusual items were reported in this specific filing.
Investor Verification Checklist
- Verify the record date of July 29, 2022, to confirm eligibility for the $0.090702 per unit distribution.
- Confirm the payment date of August 12, 2022, for cash receipt.
- Review the attached press release (Exhibit 99.1) for detailed production data underlying the May 2022 distribution.
- Note that the Trust has no directors or executive officers; Simmons Bank acts as the Trustee.