Business Context and Reporting Period
Company: PermRock Royalty Trust
Filing Type: Form 8-K (Current Report)
Date of Report: December 20, 2018
Reporting Period: The filing announces a cash distribution based principally on production during the month of October 2018.
Key Financial Metrics
- Cash Distribution: $0.114594 per Trust Unit.
- Record Date: December 31, 2018.
- Payment Date: January 15, 2019.
- Revenue, Profit, and Margins: The filing text does not provide specific values for total revenue, net income, or operating margins.
- 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 announced the distribution amount via a press release (Exhibit 99.1). The distribution is derived from production revenues, specifically noting October 2018 production as the principal basis.
Risks and Contingencies: No specific risks or contingencies are detailed in this excerpt. The filing notes 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 exact distribution amount of $0.114594 per unit against the attached press release (Exhibit 99.1).
- Confirm the record date (December 31, 2018) and payment date (January 15, 2019) for eligibility.
- Review the full press release to understand the specific production volumes and commodity prices driving the October 2018 distribution.
- Check subsequent filings for the actual payment confirmation and any changes to the distribution schedule.