Business Context and Reporting Period
This Form 8-K is a current report filed by PermRock Royalty Trust on November 18, 2019. The Trust, organized under Delaware law, is managed by Simmons Bank as Trustee. The filing primarily addresses the declaration of a cash distribution to holders of Trust Units.
Key Financial Metrics
- Cash Distribution: Total amount of $454,168.47.
- Distribution Per Unit: $0.037331 per Trust Unit.
- Record Date: November 29, 2019.
- Payment Date: December 13, 2019.
- Underlying Basis: Distribution is based principally on production during September 2019.
The filing text does not provide clear values for total revenue, net profit, operating cash flow, margins, debt levels, or liquidity ratios for the period.
Material Changes
The filing does not explicitly quantify material changes in financial performance compared to prior periods. It reports the specific distribution amount derived from September 2019 production but does not include comparative production volumes or distribution amounts from previous months or years.
Guidance, Outlook, and Risks
The document contains no forward-looking guidance, management commentary on future outlook, or discussion of specific risks and contingencies. The filing is strictly a notification of the distribution event. The Trust has no directors or executive officers, as it is managed solely by the Trustee.
Investor Verification Checklist
- Verify the number of Trust Units outstanding to confirm the total distribution calculation.
- Review the attached Press Release (Exhibit 99.1) for details on September 2019 production volumes and pricing.
- Confirm the record date (November 29, 2019) to ensure eligibility for the December 13, 2019 payment.
- Check subsequent filings for actual production data and distribution amounts for October and November 2019 to assess trends.