Business Context and Reporting Period
PermRock Royalty Trust (PRT) filed a Form 8-K on January 21, 2025. The Trust, administered by Argent Trust Company, holds beneficial interests in oil and gas royalties. This report specifically addresses the declaration of a cash distribution based on production activity during November 2024.
Key Financial Metrics
- Cash Distribution: Total amount of $489,995.26.
- Distribution Per Unit: $0.040276 per Trust Unit.
- Record Date: January 31, 2025.
- Payment Date: February 14, 2025.
- Underlying Period: Production during November 2024.
The filing does not provide aggregate revenue, profit, cash flow, margins, debt, or liquidity figures for the Trust.
Material Changes
The filing does not contain comparative financial data or explicit commentary on material changes versus prior periods. It solely announces the specific distribution amount for the November 2024 production cycle.
Guidance, Outlook, and Risks
The document contains no forward-looking guidance, management outlook, or discussion of risks and contingencies. It is a procedural announcement of a distribution event. The filing notes that the information is "furnished" and not "filed" for purposes of Section 18 of the Exchange Act.
Investor Verification Checklist
- Verify the number of Trust Units held as of the January 31, 2025 record date to confirm eligibility for the $0.040276 per unit distribution.
- Confirm the payment date of February 14, 2025, for cash receipt timing.
- Review the attached press release (Exhibit 99.1) for any additional context regarding the November 2024 production volumes not detailed in the 8-K text.