---
schema_version: "secwatch.filing_event.v1"
accession: "0000072633-22-000014"
form_type: "8-K"
ticker: "NRT"
cik: "0000072633"
company_name: "NORTH EUROPEAN OIL ROYALTY TRUST"
filed_at: "2022-11-17T23:59:59+00:00"
generated_at: "2026-06-21T17:01:00.907435+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000072633-22-000014
- form_type: 8-K
- ticker: NRT
- cik: 0000072633
- company_name: NORTH EUROPEAN OIL ROYALTY TRUST
- filed_at: 2022-11-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/72633/000007263322000014/0000072633-22-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72633/000007263322000014/ek111722.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000072633-22-000014
- JSON: https://secwatch.observer/filing/0000072633-22-000014.json
- Plain text: https://secwatch.observer/filing/0000072633-22-000014.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/72633/000007263322000014/0000072633-22-000014-index.htm
- Earnings Releases
  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
  source text: 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%
  evidence_url: https://www.sec.gov/Archives/edgar/data/72633/000007263322000014/0000072633-22-000014-index.htm

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