PermRock Royalty Trust - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by PermRock Royalty Trust on June 18, 2021. The Trust, organized under Delaware law with Simmons Bank as Trustee, reported a cash distribution to record holders of its Trust Units as of June 30, 2021. The distribution is based principally on production during the month of April 2021.
Key Financial Metrics
- Cash Distribution: $738,342.39 total.
- Distribution Per Unit: $0.060690 per Trust Unit.
- Payment Date: July 14, 2021.
- Record Date: June 30, 2021.
- Revenue, Profit, and Debt: 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 state material changes in financial condition compared to prior periods. It solely announces the quarterly distribution amount derived from April 2021 production.
Outlook, Risks, and Management Commentary
The Trust has no directors or executive officers; Simmons Bank acts as Trustee. The filing notes that the information is "furnished" and not "filed" for purposes of Section 18 of the Exchange Act. No specific guidance, outlook, or risk factors are detailed in this specific 8-K text, other than the standard reliance on production volumes for distributions.
Investor Verification Checklist
- Verify the exact number of Trust Units outstanding to confirm the total distribution calculation.
- Review the attached Press Release (Exhibit 99.1) for details on April 2021 production volumes and commodity prices.
- Confirm the payment date of July 14, 2021, for cash receipt planning.
- Check subsequent filings for updates on production trends affecting future distributions.