PermRock Royalty Trust - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed on October 19, 2018, by PermRock Royalty Trust, a Delaware trust managed by Simmons Bank as Trustee. The filing reports on a cash distribution to record holders of Trust Units as of October 31, 2018, based principally on production during August 2018.
Key Financial Metrics
- Cash Distribution: $1,409,766.02 in aggregate.
- Distribution Per Unit: $0.115880 per Trust Unit.
- Payment Date: November 15, 2018.
- Revenue, Profit, and Margins: The filing text does not provide specific values for revenue, net income, operating margins, or cash flow beyond the distribution amount.
- 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 for the period ending August 2018.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, or specific discussion of risks and contingencies. It strictly reports the distribution event. The Trust has no directors or executive officers; operations are managed by the Trustee.
Key Facts for Investor Verification
- Verify the record date of October 31, 2018, to confirm eligibility for the $0.115880 per unit distribution.
- Confirm the payment date of November 15, 2018, for the aggregate distribution of $1,409,766.02.
- Note that the distribution is based on production from August 2018, indicating a lag between production and payout.
- Review the attached press release (Exhibit 99.1) for any additional context not included in the 8-K text.