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

Issuer:     NORTH EUROPEAN OIL ROYALTY TRUST (NRT)
CIK:        0000072633
Form:       8-K
Filed at:   2022-05-16T23:59:59+00:00
Accession:  0000072633-22-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

North European Oil Royalty Trust Q2 net income jumps 197% to $3.56M; distribution $0.38/unit
--------------------------------------------------------------------------------

- Net income of $3.56M vs $1.20M YoY; distribution $0.38/unit, up 171% from $0.14.
- Total royalty income $3.77M, +169% on higher gas prices under Mobil and OEG agreements.
- Gas prices surged ~234% under both agreements despite 9-17% lower sales volumes.
- Six-month net income $5.91M ($0.63/unit), up 351% vs $1.31M ($0.18/unit) prior year.
- Distribution of $0.38/unit payable May 25, 2022 to holders of record May 13, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72633/000007263322000007/0000072633-22-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72633/000007263322000007/ek051622.htm
  HTML page:      https://secwatch.observer/filing/0000072633-22-000007

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