PermRock Royalty Trust - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by PermRock Royalty Trust on July 20, 2018. The Trust, organized under Delaware law with Simmons Bank as Trustee, reported a cash distribution to record holders of its Trust Units as of July 31, 2018.
Key Financial Metrics
- Cash Distribution: $1,572,278.93 in aggregate.
- Distribution Per Unit: $0.129238 per Trust Unit.
- Payment Date: August 14, 2018.
- Production Basis: Distribution calculated principally upon production during May 2018.
- Revenue, Profit, and Debt: The filing text does not provide specific values for revenue, net income, operating margins, debt levels, or liquidity ratios beyond the distribution amount.
Material Changes
The filing does not explicitly detail material changes in financial condition compared to prior periods, as it focuses solely on the announcement of the specific monthly distribution.
Guidance, Outlook, and Risks
The document contains no forward-looking guidance, management commentary on future outlook, or specific discussion of risks and contingencies. It serves strictly as a notification of the distribution event.
Investor Verification Checklist
- Verify the record date of July 31, 2018, to confirm eligibility for the distribution.
- Confirm the payment date of August 14, 2018, for cash receipt timing.
- Review the attached press release (Exhibit 99.1) for detailed production data underlying the May 2018 calculation.
- Check the number of outstanding Trust Units to validate the per-unit calculation against the aggregate distribution.