Business Context and Reporting Period
This Form 8-K is a current report filed by PermRock Royalty Trust on May 18, 2018. The Trust, organized under Delaware law with Simmons Bank as Trustee, reported the declaration of a monthly cash distribution to record holders of its Trust Units.
Key Financial Metrics
- Distribution Amount: $2,018,817.85 in aggregate.
- Distribution Per Unit: $0.165942 per Trust Unit.
- Record Date: May 31, 2018.
- Payment Date: June 14, 2018.
- Underlying Production Period: March 2018.
The filing does not provide specific data on total revenue, net profit, operating cash flow, margins, debt levels, or liquidity ratios beyond the distribution figures.
Material Changes
The filing does not explicitly compare the current distribution to prior periods or quantify material changes in financial condition versus the previous comparable period. It solely announces the specific distribution amount based on March 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 procedural announcement of a distribution event. The filing notes that the information is "furnished" and not "filed" for purposes of Section 18 of the Exchange Act.
Investor Verification Checklist
- Verify the exact number of Trust Units outstanding to confirm the per-unit calculation.
- Review the attached press release (Exhibit 99.1) for details on the March 2018 production volumes and commodity prices driving the distribution.
- Confirm the record date (May 31, 2018) and payment date (June 14, 2018) for settlement purposes.
- Check subsequent filings for the actual payment confirmation and any changes in the Trust's asset base.