secwatch.observer — SEC 8-K summary
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Issuer:     NORTH EUROPEAN OIL ROYALTY TRUST (NRT)
CIK:        0000072633
Form:       8-K
Filed at:   2021-11-15T23:59:59+00:00
Accession:  0000072633-21-000023
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NRT reports Q4 FY2021 net income up 495.79% to $1.30M; distribution $0.14 per unit
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- Q4 FY2021 royalty income $1.44M (+312.48% YoY), net income $1.30M (+495.79%), distributions $0.14/unit (+600%).
- FY2021 royalty income $4.60M (+13.64%), net income $3.98M (+21%), distributions $0.47/unit (+46.88%).
- Negative adjustments reduced Q4 royalty income by $157,538 vs $254,369 in Q4 2020.
- Gas prices up ~20% under Mobil and OEG agreements; gas sales down 3-8% offset by EUR strengthening.
- Annual meeting Feb 16, 2022; $0.14 distribution payable Nov 24 to record Nov 12.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72633/000007263321000023/0000072633-21-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72633/000007263321000023/ek111521.htm
  HTML page:      https://secwatch.observer/filing/0000072633-21-000023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer