PermRock Royalty Trust - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by PermRock Royalty Trust on May 4, 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 May 15, 2018, payable on May 30, 2018.
Key Financial Metrics
- Total Distribution Amount: $4,269,035
- Distribution Per Unit: $0.350906
- Production Period Covered: January and February 2018
- Revenue, Profit, Cash Flow, Margins, Debt, and Liquidity: The filing text does not provide specific values for these metrics beyond the distribution amount.
Material Changes
The filing does not explicitly detail material changes in financial condition compared to prior periods, as it primarily announces the quarterly distribution based on production volumes from January and February 2018.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, or specific discussion of risks and contingencies. It strictly reports the distribution event and references an attached press release (Exhibit 99.1) for further details.
Key Facts for Investor Verification
- Verify the record date (May 15, 2018) and payment date (May 30, 2018) for the distribution.
- Confirm the total number of Trust Units outstanding to validate the per-unit calculation of $0.350906.
- Review the attached press release (Exhibit 99.1) for details on production volumes and commodity prices driving the distribution.
- Note that the Trust has no directors or executive officers; Simmons Bank acts as the Trustee.