Business Context and Reporting Period
Company: PermRock Royalty Trust
Filing Type: Form 8-K (Current Report)
Date of Report: May 20, 2019
Reporting Period: The filing announces a cash distribution based principally on production during the month of March 2019.
Key Financial Metrics
Cash Distribution: $0.090091 per Trust Unit.
Record Date: May 31, 2019.
Payment Date: June 14, 2019.
Revenue, Profit, Margins, Debt, and Liquidity: The filing text does not provide specific values for revenue, net income, operating margins, debt levels, or liquidity ratios. It focuses solely on the distribution announcement.
Material Changes
The filing does not explicitly detail material changes in financial condition compared to prior periods, other than the declaration of the specific distribution amount for the March 2019 production period.
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: No specific risks or contingencies are detailed in the text of this Form 8-K.
Unusual Items: None reported in this filing.
Investor Verification Checklist
- Verify the record date of May 31, 2019, to confirm eligibility for the $0.090091 per unit distribution.
- Confirm the payment date of June 14, 2019, for cash receipt.
- Review the attached press release (Exhibit 99.1) for detailed production data underlying the March 2019 distribution.
- Note that the Trust has no executive officers; all actions are taken by Simmons Bank as Trustee.