Business Context and Reporting Period
Company: PermRock Royalty Trust
Filing Type: Form 8-K (Current Report)
Date of Report: September 20, 2019
Reporting Period: The filing announces a cash distribution based principally on production during the month of July 2019.
Key Financial Metrics
- Cash Distribution: $851,777.05 total.
- Distribution Per Unit: $0.070014 per Trust Unit.
- Record Date: September 30, 2019.
- Payment Date: October 15, 2019.
- Revenue/Profit/Cash Flow: The filing text does not provide specific revenue, net income, or operating cash flow figures for the period; it only discloses the resulting distribution amount.
- Debt/Liquidity: The filing text does not provide data on debt levels or liquidity positions.
Material Changes
The filing does not explicitly compare the current distribution to prior periods or state whether this represents a material increase or decrease versus the prior comparable period.
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.
Guidance/Outlook: No forward-looking guidance or outlook is provided in this specific filing.
Risks/Contingencies: No specific risks or contingencies are detailed in the text of this Form 8-K.
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 production volumes and pricing that drove the July 2019 distribution.
- Compare the $0.070014 per unit distribution against historical distributions to assess performance trends.
- Confirm the record date (September 30, 2019) and payment date (October 15, 2019) for dividend capture purposes.