secwatch.observer — SEC 8-K summary
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Issuer:     NORTH EUROPEAN OIL ROYALTY TRUST (NRT)
CIK:        0000072633
Form:       8-K
Filed at:   2023-05-01T23:59:59+00:00
Accession:  0000072633-23-000006
Event type: dividend
Sentiment:  neutral
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72633/000007263323000006/0000072633-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72633/000007263323000006/ek050123.htm
  HTML page:      https://secwatch.observer/filing/0000072633-23-000006

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