Business Context and Reporting Period
Company: PermRock Royalty Trust
Filing Type: Form 8-K (Current Report)
Date of Report: December 20, 2019
Reporting Period: The filing announces a cash distribution based principally on production during October 2019.
Key Financial Metrics
This filing reports a specific cash distribution event rather than comprehensive financial statements. Key figures include:
- Total Cash Distribution: $615,376.80
- Distribution Per Unit: $0.050582 per Trust Unit
- Record Date: December 31, 2019
- Payment Date: January 15, 2020
The filing text does not provide clear values for total revenue, net profit, operating cash flow, margins, debt levels, or liquidity ratios 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 reports the declaration of the distribution.
Guidance, Outlook, and Risks
Management Commentary: The Trust issued a press release (Exhibit 99.1) announcing the distribution. The filing notes that the information is "furnished" and not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
Outlook and Risks: The filing text does not contain specific forward-looking guidance, risk factors, contingencies, or unusual items beyond the standard distribution announcement.
Investor Verification Checklist
- Verify the number of Trust Units outstanding to confirm the total distribution calculation ($615,376.80 total / $0.050582 per unit).
- Review the attached Press Release (Exhibit 99.1) for details on production volumes for October 2019.
- Confirm the record date (December 31, 2019) and payment date (January 15, 2020) for dividend eligibility.
- Check subsequent filings for the actual payment execution and any changes in production estimates.