Business Context and Reporting Period
This Form 8-K is a current report filed by PermRock Royalty Trust on February 17, 2022. The Trust, organized under Delaware law with Simmons Bank as Trustee, reported a cash distribution to record holders of its trust units as of February 28, 2022.
Key Financial Metrics
- Cash Distribution: $804,658.60 total.
- Distribution per Unit: $0.066141 per Trust Unit.
- Payment Date: March 14, 2022.
- Underlying Basis: Production during December 2021.
- Other Metrics: The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity beyond the distribution amount.
Material Changes
The filing does not explicitly compare the current distribution to prior periods or quantify material changes in financial condition. It solely announces the specific distribution amount based on December 2021 production.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, or discussion of specific 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 record date of February 28, 2022, to confirm eligibility for the distribution.
- Confirm the payment date of March 14, 2022, for cash receipt timing.
- Review the attached press release (Exhibit 99.1) for detailed production data underlying the December 2021 distribution.
- Check the number of outstanding Trust Units to validate the per-unit calculation of $0.066141.