PermRock Royalty Trust - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by PermRock Royalty Trust on April 20, 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 April 30, 2021. The distribution is based principally on production activity during February 2021.
Key Financial Metrics
- Cash Distribution: $543,064.02 total.
- Distribution Per Unit: $0.044638 per Trust Unit.
- Payment Date: May 14, 2021.
- Record Date: April 30, 2021.
The filing does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity beyond the distribution amount.
Material Changes
The filing does not provide comparative financial data or explicitly state material changes versus prior periods. The distribution amount reflects production levels for February 2021.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, or specific discussion of risks and contingencies. The document notes that the information is "furnished" and not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
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 commodity prices driving the February 2021 distribution.
- Confirm the record date (April 30, 2021) and payment date (May 14, 2021) for dividend eligibility.
- Check subsequent filings for updates on production trends or changes in the Trust's asset base.