PermRock Royalty Trust - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed on March 21, 2022, by PermRock Royalty Trust, a Delaware trust managed by Simmons Bank. The filing reports on a cash distribution to record holders of Trust Units as of March 31, 2022, based principally on production during January 2022.
Key Financial Metrics
- Cash Distribution: $863,622.84 total.
- Distribution Per Unit: $0.070988 per Trust Unit.
- Payment Date: April 14, 2022.
- Revenue, Profit, and Margins: The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity beyond the distribution amount.
Material Changes
The filing does not explicitly compare the current distribution to prior periods or detail material changes in financial condition versus the prior comparable period.
Outlook, Risks, and Management Commentary
The filing references a press release (Exhibit 99.1) for further details but contains no specific management commentary, forward-looking guidance, identified risks, or contingencies within the provided text. The Trust has no directors or executive officers; Simmons Bank acts as Trustee.
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 January 2022.
- Confirm the record date of March 31, 2022, and payment date of April 14, 2022, for dividend eligibility.
- Check subsequent filings for any updates on production trends or changes in the Trust's asset base.