Business Context and Reporting Period
Company: PermRock Royalty Trust
Filing Type: Form 8-K (Current Report)
Date of Report: October 21, 2019
Reporting Period: The filing announces a cash distribution based principally on production during the month of August 2019.
Key Financial Metrics
- Cash Distribution: $496,082.10 total.
- Distribution Per Unit: $0.040777 per Trust Unit.
- Record Date: October 31, 2019.
- Payment Date: November 15, 2019.
- Revenue, Profit, Margins, Debt, Liquidity: The filing text does not provide clear values for these specific 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. It reports the execution of a quarterly distribution cycle based on August 2019 production volumes.
Guidance, Outlook, and Risks
Management Commentary: The Trust issued a press release (Exhibit 99.1) announcing the distribution. The Trust has no directors or executive officers; Simmons Bank serves as the Trustee.
Risks and Contingencies: The filing text does not provide specific risk factors or contingencies beyond the standard disclosure that the information is "furnished" and not "filed" for purposes of Section 18 of the Exchange Act.
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 detailed production data for August 2019.
- Confirm the record date (October 31, 2019) and payment date (November 15, 2019) for dividend eligibility.
- Check subsequent filings for the actual payment execution and any changes in production volumes for September 2019.