PermRock Royalty Trust 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed on August 20, 2021, by PermRock Royalty Trust, a Delaware trust managed by Simmons Bank. The filing reports a cash distribution to holders of Trust Units based on production activity during June 2021.
Key Financial Metrics
- Cash Distribution: $756,619.34 total.
- Distribution Per Unit: $0.062192 per Trust Unit.
- Record Date: August 31, 2021.
- Payment Date: September 15, 2021.
- Underlying Period: Production during June 2021.
The filing text does not provide clear values for total revenue, net profit, operating cash flow, margins, debt levels, or liquidity ratios beyond the specific distribution amount.
Material Changes
The filing does not explicitly compare the current distribution to prior periods or quantify material changes in financial condition versus the prior comparable period.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, or discussion of specific risks and contingencies. It strictly reports the declaration of the distribution.
Investor Verification Checklist
- Verify the number of Trust Units outstanding to confirm the total distribution calculation.
- Review the attached press release (Exhibit 99.1) for details on June 2021 production volumes and commodity prices.
- Confirm the record date (August 31, 2021) and payment date (September 15, 2021) for dividend eligibility.
- Check subsequent filings for any changes to the distribution amount or payment schedule.