Business Context and Reporting Period
This Form 8-K is a current report filed by PermRock Royalty Trust on June 18, 2019. The filing announces a cash distribution to record holders of Trust Units as of June 28, 2019, payable on July 15, 2019. The distribution is based principally on production during the month of April 2019.
Key Financial Metrics
- Cash Distribution: $880,690.45 total.
- Distribution Per Unit: $0.072391 per Trust Unit.
- Revenue, Profit, and Margins: The filing text does not provide a clear value for total revenue, net income, or operating margins for the period.
- Debt and Liquidity: The filing text does not provide a clear value for debt levels or liquidity positions.
Material Changes
The filing does not explicitly state material changes in financial condition compared to the prior comparable period. It solely reports the declaration of the specific cash distribution amount for the April 2019 production period.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, or discussion of specific risks and contingencies beyond the standard disclosure that the information is "furnished" and not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
Investor Verification Checklist
- Verify the record date (June 28, 2019) and payment date (July 15, 2019) for the declared distribution.
- Confirm the total number of Trust Units outstanding to validate the per-unit calculation of $0.072391.
- Review the attached press release (Exhibit 99.1) for detailed production data underlying the April 2019 distribution.
- Check subsequent filings for full quarterly financial statements, as this 8-K does not contain comprehensive financial data.