secwatch.observer — SEC 8-K summary
======================================

Issuer:     NORTH EUROPEAN OIL ROYALTY TRUST (NRT)
CIK:        0000072633
Form:       8-K
Filed at:   2022-02-11T23:59:59+00:00
Accession:  0000072633-22-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72633/000007263322000003/0000072633-22-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72633/000007263322000003/ek021122.htm
  HTML page:      https://secwatch.observer/filing/0000072633-22-000003

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