Business Context and Reporting Period
This Form 8-K is a current report filed by PermRock Royalty Trust on September 18, 2018. The Trust, organized under Delaware law with Simmons Bank as Trustee, reported a cash distribution to record holders of its trust units.
Key Financial Metrics
- Cash Distribution: $1,595,841.08 in aggregate.
- Distribution Per Unit: $0.131175 per Trust Unit.
- Record Date: September 28, 2018.
- Payment Date: October 15, 2018.
- Underlying Production Period: Principally based on production during July 2018.
- Revenue, Profit, and Debt: The filing text does not provide specific values for revenue, net profit, operating margins, total debt, or liquidity ratios beyond the distribution amount.
Material Changes
The filing does not explicitly quantify material changes in financial condition compared to prior periods. It solely announces the declaration of the quarterly distribution based on July 2018 production volumes.
Guidance, Outlook, and Risks
Management Commentary: The Trustee announced the distribution amount derived from production revenues. The filing notes that the Trust has no directors or executive officers; Simmons Bank acts as the Trustee.
Risks and Contingencies: No specific risks or contingencies are detailed in this specific 8-K text. The document states that the information is "furnished" and not "filed" for purposes of Section 18 of the Exchange Act.
Investor Verification Checklist
- Verify the exact number of Trust Units outstanding to confirm the total distribution calculation.
- Review the attached Press Release (Exhibit 99.1) for details on production volumes and commodity prices for July 2018.
- Confirm the record date (September 28, 2018) to ensure eligibility for the October 15, 2018 payment.
- Check subsequent filings for the actual payment confirmation and any changes in production estimates.