{"schema_version":"secwatch.filing_event.v1","accession":"0000072633-23-000007","form_type":"8-K","ticker":"NRT","cik":"0000072633","company_name":"NORTH EUROPEAN OIL ROYALTY TRUST","filed_at":"2023-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.080104+00:00","generated_at":"2026-06-15T01:48:53.266108+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"North European Oil Royalty Q2 net income up 167%, distribution $1.05; warns Q3 drop due to overpayment","bullets":["Q2 FY2023 net income $9.50M vs $3.56M a year ago, up 167%.","Distribution per unit $1.05, up 176% from $0.38 in Q2 FY2022.","Six-month net income $19.04M, up 222% from $5.91M; distribution $2.05 vs $0.63.","Negative carry-over from overpaid royalties will substantially reduce Q3 distributions.","Trust expenses rose 46% to $313K, driven by higher trustee fees tied to royalty income."],"urls":{"canonical":"https://secwatch.observer/filing/0000072633-23-000007","json":"https://secwatch.observer/filing/0000072633-23-000007.json","markdown":"https://secwatch.observer/filing/0000072633-23-000007.md","text":"https://secwatch.observer/filing/0000072633-23-000007.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/72633/000007263323000007/0000072633-23-000007-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/72633/000007263323000007/ek051523.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T01:48:53.266108+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"04a23304c6a625ea5fd324bbae1bc4f84d4419d2","claim":"NORTH EUROPEAN OIL ROYALTY TRUST reported second quarter of fiscal 2023 results: revenue $9,760,018, net income $9,504,566, EPS $1.05.","evidence_excerpt":"2nd Fiscal Quarter Ended 4/30/2023 2nd Fiscal Quarter Ended 4/30/2022 Percentage Change Total Royalty Income $9,760,018 $3,773,568 +158.64% Net Income $9,504,566 $3,559,968 +166.98% Distribution per Unit $1.05 $0.38 +176.32%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/72633/000007263323000007/0000072633-23-000007-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter of fiscal 2023"},{"label":"Revenue","value":"$9,760,018"},{"label":"Net income","value":"$9,504,566"},{"label":"EPS","value":"$1.05"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"f58e734f5a981ae3ad46b02d39d4405cc99c7c1a","claim":"NORTH EUROPEAN OIL ROYALTY TRUST reported Six Months Ended 4/30/2023 results: revenue $19,525,901, net income $19,040,580, EPS $2.05.","evidence_excerpt":"Six Months Ended 4/30/2023 Six Months Ended 4/30/2022 Percentage Change Total Royalty Income $19,525,901 $6,320,107 +208.95% Net Income $19,040,580 $5,911,787 +222.08% Distribution per Unit $2.05 $0.63 +225.40%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/72633/000007263323000007/0000072633-23-000007-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Six Months Ended 4/30/2023"},{"label":"Revenue","value":"$19,525,901"},{"label":"Net income","value":"$19,040,580"},{"label":"EPS","value":"$2.05"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}