Business Context and Reporting Period
Company: PermRock Royalty Trust
Filing Type: Form 8-K (Current Report)
Date of Report: January 18, 2019
Reporting Period: The filing announces a cash distribution based principally on production during the month of November 2018.
Key Financial Metrics
- Cash Distribution: $0.087678 per Trust Unit.
- Record Date: January 31, 2019.
- Payment Date: February 14, 2019.
- Revenue, Profit, Margins, Debt, Liquidity: The filing text does not provide clear values for these specific metrics; it focuses solely on the distribution announcement.
Material Changes
The filing does not explicitly detail material changes in financial condition compared to prior periods. It serves as a notification of the quarterly distribution amount derived from November 2018 production levels.
Guidance, Outlook, and Risks
Management Commentary: The Trust issued a press release (Exhibit 99.1) to announce the distribution. The Trust has no directors or executive officers; Simmons Bank acts as Trustee.
Risks and Contingencies: No specific risks or contingencies are detailed in this excerpt. The filing notes 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 exact distribution amount of $0.087678 per unit against the attached press release (Exhibit 99.1).
- Confirm the record date (January 31, 2019) to ensure eligibility for the February 14, 2019 payment.
- Review the underlying November 2018 production data referenced as the basis for the distribution.
- Check for any subsequent filings regarding the Trust's termination or asset sales, as royalty trusts often have finite lifespans.