Business Context and Reporting Period
This Form 8-K is a current report filed by PermRock Royalty Trust on February 15, 2019. The filing primarily announces a cash distribution to record holders of Trust Units based on production activity during December 2018.
Key Financial Metrics
- Cash Distribution: $0.040955 per Trust Unit.
- Record Date: February 28, 2019.
- Payment Date: March 14, 2019.
- Underlying Period: Production during December 2018.
- 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 derived from the preceding month's production.
Guidance, Outlook, and Risks
Management Commentary: The Trust, managed by Simmons Bank as Trustee, confirmed the distribution amount is based principally on December 2018 production. The filing notes that the Trust has no directors or executive officers.
Risks and Contingencies: No specific risks, contingencies, or forward-looking guidance are detailed in this specific 8-K text beyond the standard distribution announcement.
Investor Verification Checklist
- Verify the record date (February 28, 2019) to confirm eligibility for the $0.040955 per unit distribution.
- Confirm the payment date of March 14, 2019.
- Review the attached press release (Exhibit 99.1) for detailed production volumes or price assumptions underlying the distribution calculation.
- Note that this filing is deemed "furnished" and not "filed" for purposes of Section 18 of the Exchange Act.