PermRock Royalty Trust - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed on January 21, 2022, by PermRock Royalty Trust (the "Trust"), a Delaware trust managed by Simmons Bank as Trustee. The filing reports on a cash distribution to record holders of Trust Units as of January 31, 2022, based principally on production during November 2021.
Key Financial Metrics
- Cash Distribution: $858,608.63 total.
- Distribution Per Unit: $0.070575 per Trust Unit.
- Payment Date: February 14, 2022.
- Revenue, Profit, and Margins: The filing text does not provide specific revenue, profit, margin, debt, or liquidity figures for the period.
Material Changes
The filing does not explicitly detail material changes in financial condition compared to prior periods, other than the announcement of the specific distribution amount derived from November 2021 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 disclosure that the information is "furnished" and not "filed" for purposes of Section 18 of the Exchange Act.
Investor Verification Checklist
- Verify the record date of January 31, 2022, to confirm eligibility for the distribution.
- Confirm the payment date of February 14, 2022, for cash receipt.
- Review the attached press release (Exhibit 99.1) for detailed production data underlying the November 2021 distribution.
- Note that the Trust has no directors or executive officers; Simmons Bank acts as Trustee.