---
schema_version: "secwatch.filing_event.v1"
accession: "0000072633-22-000003"
form_type: "8-K"
ticker: "NRT"
cik: "0000072633"
company_name: "NORTH EUROPEAN OIL ROYALTY TRUST"
filed_at: "2022-02-11T23:59:59+00:00"
generated_at: "2026-06-27T08:55:37.535386+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# North European Oil Royalty Trust Q1 net income surges 2,003% to $2.35M

## Summary
- Total royalty income $2.55M, +798% YoY, driven by higher gas prices and sales.
- Net income $2.35M, up from $112K; distribution declared $0.25/unit vs $0.04 YoY.
- Mobil gas prices +156%, sales +27% vs Q1 2021; exchange rate -7%.
- Trust expenses rose 13.6% to $195K due to timing of German accountant audit and fees.
- $0.25/unit distribution payable Feb 23, 2022 to holders of record Feb 11, 2022.

## SEC filing metadata
- accession: 0000072633-22-000003
- form_type: 8-K
- ticker: NRT
- cik: 0000072633
- company_name: NORTH EUROPEAN OIL ROYALTY TRUST
- filed_at: 2022-02-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/72633/000007263322000003/0000072633-22-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72633/000007263322000003/ek021122.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000072633-22-000003
- JSON: https://secwatch.observer/filing/0000072633-22-000003.json
- Plain text: https://secwatch.observer/filing/0000072633-22-000003.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.