---
schema_version: "secwatch.filing_event.v1"
accession: "0000072633-23-000002"
form_type: "8-K"
ticker: "NRT"
cik: "0000072633"
company_name: "NORTH EUROPEAN OIL ROYALTY TRUST"
filed_at: "2023-02-15T23:59:59+00:00"
generated_at: "2026-06-19T12:29:05.490323+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NRT Q1 net income surges 305% to $9.54M; distribution $1.00/unit

## Summary
- Total royalty income $9.77M, up 283.5% YoY from $2.55M.
- Net income $9.54M, up 305.5%; distributions per unit $1.00 vs $0.25.
- Driven by higher German gas prices (Mobil +362.89%) due to reduced Russian supply.
- Trust expenses up 29.7% to $252,792; increase in Trustee and consultant fees.
- Anticipated negative adjustment in Q3 due to recent gas price decline, likely reducing cash distributions.

## SEC filing metadata
- accession: 0000072633-23-000002
- form_type: 8-K
- ticker: NRT
- cik: 0000072633
- company_name: NORTH EUROPEAN OIL ROYALTY TRUST
- filed_at: 2023-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/72633/000007263323000002/0000072633-23-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72633/000007263323000002/ek021523.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000072633-23-000002
- JSON: https://secwatch.observer/filing/0000072633-23-000002.json
- Plain text: https://secwatch.observer/filing/0000072633-23-000002.txt

## Key facts
- Earnings Releases
  NORTH EUROPEAN OIL ROYALTY TRUST reported the first quarter of fiscal 2023 results: net income $9,536,014.
  - Period: the first quarter of fiscal 2023
  - Net income: $9,536,014
  - Result: reported results
  source text: On February 14, 2023, North European Oil Royalty Trust issued a press release via PR Newswire announcing the Trust's net income for the first quarter of fiscal 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/72633/000007263323000002/0000072633-23-000002-index.htm

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