PermRock Royalty Trust
For the period ended Nov 13, 2024. Filed Nov 13, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Nov 13, 2024 · Filed Nov 13, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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CONDENSED STATEMENTS OF DISTRIBUTABLE INCOME (UNAUDITED)
| Three MonthsEnded September 30, | Nine MonthsEnded September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net profits income | $1,548,855 | $1,691,590 | $4,503,683 | $5,632,011 |
| Interest income | 15,485 | 15,039 | 45,056 | 43,539 |
| Total revenue | 1,564,340 | 1,706,629 | 4,548,739 | 5,675,550 |
| Expenditures – general and administrative | (223,556) | (240,461) | (735,415) | (769,027) |
| Cash reserves (1) | — | — | — | — |
| Distributable income | $1,340,784 | $1,466,168 | $3,813,324 | $4,906,523 |
| Distributable income per unit (2) | $0.110208 | $0.120516 | $0.313443 | $0.403307 |
(1)
The Trustee is authorized to retain cash from distributions received by the Trust in an amount not to exceed $1.0 million to be used in the event that cash on hand is not sufficient to pay ordinary course administrative expenses and to provide for future liabilities of the Trust.
(2)
Based on 12,165,732 Trust units issued and outstanding as of November 13, 2024.
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