Business Context and Reporting Period
Company: PermRock Royalty Trust
Filing Type: Form 8-K (Current Report)
Date of Report: August 21, 2018
Reporting Period: The filing announces a cash distribution based principally on production during the month of June 2018.
Key Financial Metrics
- Cash Distribution: $1,126,088.54 in aggregate.
- Distribution Per Unit: $0.092562 per Trust Unit.
- Record Date: August 31, 2018.
- Payment Date: September 17, 2018.
- Revenue, Profit, Margins, Debt, Liquidity: The filing text does not provide clear values for these specific metrics; it focuses solely on the distribution announcement.
Material Changes
This filing reports the declaration of a monthly cash distribution. No comparative financial data or material changes in operations versus prior periods are detailed in the text of this specific 8-K.
Guidance, Outlook, and Risks
Management Commentary: The Trust issued a press release (Exhibit 99.1) announcing the distribution. The Trust has no directors or executive officers; Simmons Bank acts as Trustee.
Outlook/Guidance: The filing text does not provide forward-looking guidance or outlook.
Risks/Contingencies: No specific risks or contingencies are detailed in the text of this filing.
Investor Verification Checklist
- Verify the exact number of Trust Units outstanding to confirm the per-unit calculation.
- Review the attached Press Release (Exhibit 99.1) for details on production volumes and pricing assumptions for June 2018.
- Confirm the record date (August 31, 2018) and payment date (September 17, 2018) for dividend eligibility.
- Check subsequent filings for the actual payment confirmation and any changes to the distribution amount.