North European Oil Royalty Trust Q4 net income up 428% to $6.88M; dividend $0.74/unit

NORTH EUROPEAN OIL ROYALTY TRUST

Q4 FY2022 total royalty income $7.04M, +389% YoY; net income $6.88M, +428%.
Full FY2022 net income $17.09M, +330%; distributions per unit $1.83, +289%.
Gas prices under Mobil and OEG agreements rose ~250% YoY; sales volumes declined slightly.
Previously declared $0.74/unit distribution payable Nov 30 to holders of record Nov 18.
Annual meeting scheduled for Feb 15, 2023 via Zoom.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NORTH EUROPEAN OIL ROYALTY TRUST reported fourth quarter of fiscal 2022 ended October 31, 2022 results: revenue $7,037,347, net income $6,884,050, EPS $0.74.

Period: fourth quarter of fiscal 2022 ended October 31, 2022
Revenue: $7,037,347
Net income: $6,884,050
EPS: $0.74
Result: reported results

Exact text from the filing

4th Fiscal Quarter Ended 10/31/2022 4th Fiscal Quarter Ended 10/31/2021 Percentage Change Total Royalty Income $7,037,347 $1,437,949 +389.40 Net Income $6,884,050 $1,302,678 +428.45 Distributions per Unit $0.74 $0.14 +428.57

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NORTH EUROPEAN OIL ROYALTY TRUST reported fiscal year ended October 31, 2022 results: revenue $17,800,119, net income $17,088,446, EPS $1.83.

Period: fiscal year ended October 31, 2022
Revenue: $17,800,119
Net income: $17,088,446
EPS: $1.83
Result: reported results

Exact text from the filing

Fiscal Year Ended 10/31/2022 Fiscal Year Ended 10/31/2021 Percentage Change Total Royalty Income $17,800,119 $4,602,410 +286.76% Net Income $17,088,446 $3,976,557 +329.73% Distributions per Unit $1.83 $0.47 +289.36%

View on SEC.gov

Browse all earnings releases →

NORTH EUROPEAN OIL ROYALTY TRUST filing history →

Source: SEC EDGAR

accession 0000072633-22-000014

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.