Business Context and Reporting Period
This Form 8-K is a current report filed by PermRock Royalty Trust on March 18, 2024. The filing announces a cash distribution to record holders of Trust Units as of March 28, 2024, based principally on production during January 2024.
Key Financial Metrics
- Cash Distribution: $279,468.85 total.
- Distribution per Unit: $0.022971 per Trust Unit.
- Payment Date: April 12, 2024.
- Record Date: March 28, 2024.
- Revenue, Profit, Margins, Debt, and Liquidity: The filing text does not provide clear values for these metrics; it focuses solely on the distribution announcement.
Material Changes
The filing does not explicitly state material changes in financial condition compared to prior periods. It reports the specific distribution amount derived from January 2024 production.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, or specific discussion of risks and contingencies beyond the standard distribution announcement. The information is deemed "furnished" and not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
Investor Verification Checklist
- Verify the record date of March 28, 2024, to confirm eligibility for the distribution.
- Confirm the payment date of April 12, 2024, for cash receipt timing.
- Review the attached press release (Exhibit 99.1) for detailed production data underlying the January 2024 distribution.
- Note that the Trust has no directors or executive officers; operations are managed by Argent Trust Company.