Business Context and Reporting Period
This Form 8-K is a current report filed by PermRock Royalty Trust on January 21, 2020. The filing announces a cash distribution to record holders of Trust Units as of January 31, 2020, based principally on production during November 2019.
Key Financial Metrics
- Cash Distribution: $391,310.04 total.
- Distribution Per Unit: $0.032164 per Trust Unit.
- Payment Date: February 14, 2020.
- Revenue, Profit, Margins, Debt, and Liquidity: The filing text does not provide clear values for these metrics; it focuses solely on the distribution announcement.
Material Changes
The filing does not explicitly detail material changes in financial condition compared to prior periods, as it is a distribution notice rather than a comprehensive financial statement. The distribution amount reflects production levels from November 2019.
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 Securities Exchange Act of 1934.
Investor Verification Checklist
- Verify the record date of January 31, 2020, to confirm eligibility for the distribution.
- Confirm the payment date of February 14, 2020, for cash receipt timing.
- Review the attached press release (Exhibit 99.1) for detailed production data underlying the November 2019 distribution.
- Check the total number of outstanding Trust Units to validate the per-unit calculation.