PermRock Royalty Trust - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed on March 19, 2019, by PermRock Royalty Trust, a Delaware trust managed by Simmons Bank as Trustee. The report announces a cash distribution to record holders of Trust Units as of March 29, 2019, based principally on production during January 2019.
Key Financial Metrics
- Cash Distribution: $0.041582 per Trust Unit.
- Payment Date: April 12, 2019.
- Record Date: March 29, 2019.
- Revenue, Profit, and Margins: The filing text does not provide specific values for total revenue, net profit, 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 detail material changes in financial condition compared to prior periods, other than the announcement of the specific distribution amount derived from January 2019 production.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, or specific discussion of risks and contingencies beyond the standard disclosure that the information is "furnished" and not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
Investor Verification Checklist
- Verify the record date of March 29, 2019, to confirm eligibility for the distribution.
- Confirm the payment date of April 12, 2019, for cash receipt.
- Review the attached press release (Exhibit 99.1) for detailed production data underlying the $0.041582 per unit distribution.
- Note that the Trust has no directors or executive officers; Simmons Bank acts as Trustee.