PermRock Royalty Trust 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed on November 19, 2021, by PermRock Royalty 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 November 30, 2021, based principally on production during September 2021.
Key Financial Metrics
- Cash Distribution: $760,847.69 total.
- Distribution Per Unit: $0.062540 per Trust Unit.
- Payment Date: December 14, 2021.
- 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 compare the current distribution to prior periods or detail material changes in financial condition versus the prior comparable period. It solely announces the specific distribution amount for the period ending September 2021.
Outlook, Risks, and Management Commentary
The filing references a press release (Exhibit 99.1) for further details but contains no forward-looking guidance, management commentary on future risks, or discussion of contingencies within the text provided. The Trust has no directors or executive officers; operations are managed by the Trustee.
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 production volumes and pricing assumptions for September 2021.
- Confirm the record date (November 30, 2021) and payment date (December 14, 2021) for dividend eligibility.
- Check subsequent filings for any changes in the Trust's underlying asset base or production rates.