PermRock Royalty Trust - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by PermRock Royalty Trust on September 20, 2021. The Trust, managed by Simmons Bank as Trustee, reported a cash distribution to record holders of its Trust Units as of September 30, 2021. The distribution is based principally on production activity during the month of July 2021.
Key Financial Metrics
- Cash Distribution: $609,618.80 total.
- Distribution Per Unit: $0.050109 per Trust Unit.
- Payment Date: October 15, 2021.
- Record Date: September 30, 2021.
The filing does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity beyond the distribution amount.
Material Changes
The filing does not provide comparative financial data or explicitly state material changes versus prior periods. The distribution amount reflects production levels for July 2021.
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.
Key Facts for Investor Verification
- Verify the exact number of Trust Units outstanding to confirm the per-unit calculation.
- Confirm the payment date of October 15, 2021, for the declared distribution.
- Review the attached press release (Exhibit 99.1) for additional context on July 2021 production volumes.
- Note that the Trust has no directors or executive officers; Simmons Bank acts as Trustee.