North European Oil Royalty Trust (NRT) Reports $1.05/Unit Q2 Distribution, Warns of Q3 Drop

NORTH EUROPEAN OIL ROYALTY TRUST

Distribution of $1.05 per unit for Q2 fiscal 2023, payable May 31 to holders of record May 19.
Distribution increased 176.32% ($0.67) from $0.38 per unit in Q2 fiscal 2022.
Overpayment of royalties due to Q1 spike in German gas prices will substantially reduce Q3 distributions.
Mobil Agreement gas royalties rose 66.5% to $3,841,989; OEG Agreement rose 69.86% to $2,136,825.
Cumulative 12-month distribution is $3.25 per unit, up 253.26% from $0.92 per unit.

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