Business Context and Reporting Period
Company: PermRock Royalty Trust
Filing Type: Form 8-K (Current Report)
Date of Report: April 18, 2019
Reporting Period: The filing announces a cash distribution based principally on production during February 2019.
Key Financial Metrics
- Cash Distribution: $0.054990 per Trust Unit.
- Record Date: April 30, 2019.
- Payment Date: May 14, 2019.
- Revenue, Profit, and Margins: The filing text does not provide specific values for revenue, net income, operating margins, or cash flow for the period.
- Debt and Liquidity: The filing text does not provide specific values for debt levels or liquidity metrics.
Material Changes
The filing does not explicitly quantify material changes in financial performance compared to prior periods. It solely reports the declaration of the quarterly distribution amount.
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.
Outlook and Risks: The filing text does not contain forward-looking guidance, risk factors, or discussion of contingencies beyond the distribution announcement.
Investor Verification Checklist
- Verify the record date (April 30, 2019) to confirm eligibility for the $0.054990 per unit distribution.
- Confirm the payment date of May 14, 2019.
- Review the attached press release (Exhibit 99.1) for detailed production data underlying the February 2019 distribution calculation.
- Note that the Trust has no executive officers; all actions are taken by the Trustee, Simmons Bank.