Business Context and Reporting Period
Company: PermRock Royalty Trust
Filing Type: Form 8-K (Current Report)
Date of Report: July 19, 2019
Reporting Period: The filing announces a cash distribution based principally on production during the month of May 2019.
Key Financial Metrics
- Cash Distribution: $852,107.41 total.
- Distribution Per Unit: $0.070041 per Trust Unit.
- Record Date: July 31, 2019.
- Payment Date: August 14, 2019.
- Revenue/Profit/Cash Flow: The filing text does not provide specific revenue, profit, 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 quantify material changes in financial condition versus the prior comparable period. It solely reports the declaration of the specific distribution amount for the May 2019 production cycle.
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.
Outlook/Guidance: 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 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 commodity prices driving the May 2019 distribution.
- Confirm the record date (July 31, 2019) and payment date (August 14, 2019) for dividend eligibility.
- Check subsequent filings for the actual payment confirmation and any changes in production estimates.