PermRock Royalty Trust 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed on December 19, 2022, by PermRock Royalty Trust, a Delaware trust managed by Simmons Bank. The filing reports a cash distribution to record holders of Trust Units as of December 30, 2022, based principally on production during October 2022.
Key Financial Metrics
- Cash Distribution: $981,975.52 total.
- Distribution Per Unit: $0.080716 per Trust Unit.
- Payment Date: January 17, 2023.
- Revenue, Profit, and Margins: The filing text does not provide specific values for revenue, profit, cash flow, or margins beyond the distribution amount.
- Debt and Liquidity: The filing text does not provide specific values for debt or liquidity positions.
Material Changes
The filing does not explicitly state material changes in financial metrics compared to the prior comparable period. It solely announces the specific distribution amount for the current period.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, or specific discussion of risks and contingencies. The distribution is based on historical production data from October 2022.
Investor Verification Checklist
- Verify the record date of December 30, 2022, to confirm eligibility for the distribution.
- Confirm the payment date of January 17, 2023, for cash receipt timing.
- Review the attached press release (Exhibit 99.1) for detailed production data underlying the $0.080716 per unit calculation.
- Check subsequent filings for updates on production volumes and future distribution estimates.