secwatch.observer — SEC 8-K summary
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Issuer:     NORTH EUROPEAN OIL ROYALTY TRUST (NRT)
CIK:        0000072633
Form:       8-K
Filed at:   2022-05-02T23:59:59+00:00
Accession:  0000072633-22-000006
Event type: dividend
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

North European Oil Royalty Trust declares Q2 distribution of $0.38/unit, up 171% YoY
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- Quarterly distribution $0.38 per unit (vs $0.14 in Q2 FY2021), payable May 25, 2022 to holders of record May 13, 2022.
- Mobil Agreement gas royalties rose 150.29% to $2.31M on 234% higher gas prices despite 17.2% lower sales volumes.
- OEG Agreement gas royalties rose 227.73% to $1.26M on 234% higher gas prices despite 9.47% lower sales volumes.
- Cumulative 12-month distribution now $0.92 per unit, up 196.77% from $0.31 per unit a year earlier.
- Royalty income under Mobil Sulfur Agreement was $70,618 vs $36,411 in the prior-year quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72633/000007263322000006/0000072633-22-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72633/000007263322000006/ek050222.htm
  HTML page:      https://secwatch.observer/filing/0000072633-22-000006

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