Business Context and Reporting Period
Company: PermRock Royalty Trust
Filing Type: Form 8-K (Current Report)
Date of Report: August 20, 2019
Reporting Period: The filing announces a cash distribution based principally on production during the month of June 2019.
Key Financial Metrics
This filing focuses on a specific distribution event rather than comprehensive financial statements. Key figures include:
- Total Cash Distribution: $852,441.52
- Distribution Per Trust Unit: $0.070069
- Record Date: August 30, 2019
- Payment Date: September 16, 2019
Note: The filing text does not provide clear values for total revenue, net profit, operating cash flow, margins, debt levels, or liquidity ratios for the period.
Material Changes
The filing does not explicitly detail material changes in financial condition compared to prior periods, as it serves primarily to announce the quarterly distribution amount derived from June 2019 production.
Guidance, Outlook, and Risks
Management Commentary: The Trust issued a press release (Exhibit 99.1) announcing the distribution. The Trust is managed by Simmons Bank as Trustee and has no directors or executive officers.
Risks and Contingencies: The filing states that the information is "furnished" and not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, limiting liability. No specific new risks or contingencies are detailed in this excerpt.
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 June 2019 distribution.
- Confirm the record date (August 30, 2019) and payment date (September 16, 2019) for dividend eligibility.
- Check subsequent filings for the Trust's full quarterly financial statements to assess overall revenue and liquidity trends.