Business Context and Reporting Period
This Form 8-K is a current report filed by PermRock Royalty Trust on June 19, 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 June 29, 2018.
Key Financial Metrics
- Cash Distribution: $1,383,687.62 in aggregate.
- Distribution Per Unit: $0.113736 per Trust Unit.
- Payment Date: July 16, 2018.
- Underlying Period: Production during April 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 compare the current distribution to prior periods or detail material changes in financial condition versus the previous comparable period. It solely announces the specific distribution amount based on April 2018 production.
Guidance, Outlook, and Risks
The document contains no forward-looking guidance, management commentary on future outlook, or discussion of specific risks and contingencies. It is a routine announcement of a distribution event. 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 record date of June 29, 2018, to confirm eligibility for the distribution.
- Confirm the payment date of July 16, 2018, for cash flow planning.
- Review the attached press release (Exhibit 99.1) for any additional context regarding the April 2018 production volumes.
- Check subsequent filings for the Trust's total unit count to validate the per-unit calculation.