Business Context and Reporting Period
Company: PermRock Royalty Trust
Filing Type: Form 8-K (Current Report)
Date of Report: February 18, 2020
Reporting Period: The filing announces a cash distribution based principally on production during the month of December 2019.
Key Financial Metrics
Cash Distribution: $621,858.66 total ($0.051115 per Trust Unit)
Record Date: February 28, 2020
Payment Date: March 13, 2020
Revenue, Profit, Margins, Debt, and Liquidity: The filing text does not provide clear values for these specific metrics; it focuses solely on the distribution announcement.
Material Changes
This filing reports the declaration of a quarterly cash distribution. No comparative financial data or material changes in operations versus prior periods are detailed in the text of this specific 8-K.
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 serves as the Trustee.
Risks and Contingencies: The filing text does not provide specific risk factors or 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 February 28, 2020, to confirm eligibility for the $0.051115 per unit distribution.
- Confirm the payment date of March 13, 2020, for cash receipt.
- Review the attached press release (Exhibit 99.1) for detailed production data underlying the December 2019 distribution.
- Note that the Trust has no executive officers; all actions are taken by Simmons Bank as Trustee.