Business Context and Reporting Period
Company: PermRock Royalty Trust (Trust)
Filing Type: Form 8-K (Current Report)
Date of Report: March 20, 2020
Reporting Period: The filing announces a cash distribution based principally on production during January 2020.
Key Financial Metrics
- Cash Distribution: $181,895.92 total.
- Distribution Per Unit: $0.014951 per Trust Unit.
- Record Date: March 31, 2020.
- Payment Date: April 14, 2020.
- Revenue, Profit, Margins, Debt, Liquidity: The filing text does not provide clear values for these specific metrics; it focuses solely on the distribution announcement.
Material Changes
The filing does not explicitly detail material changes in operations or financial condition compared to prior periods. It serves as a notification of the quarterly distribution amount derived from January 2020 production.
Guidance, Outlook, and Risks
Management Commentary: The Trust issued a press release (Exhibit 99.1) announcing the distribution. The Trust has no directors or executive officers; Simmons Bank acts as Trustee.
Legal Status: Information in this Form 8-K is deemed "furnished" and not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
Risks/Contingencies: No specific risks or contingencies are detailed in the provided text.
Investor Verification Checklist
- Verify the record date (March 31, 2020) to confirm eligibility for the $0.014951 per unit distribution.
- Confirm the payment date of April 14, 2020.
- Review the attached press release (Exhibit 99.1) for detailed production data underlying the January 2020 distribution.
- Note that the Trust has no executive officers; Simmons Bank serves as the Trustee.