{"schema_version":"secwatch.filing_event.v1","accession":"0000072633-23-000009","form_type":"8-K","ticker":"NRT","cik":"0000072633","company_name":"NORTH EUROPEAN OIL ROYALTY TRUST","filed_at":"2023-08-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.514325+00:00","generated_at":"2026-06-12T19:38:20.203533+00:00","sec_items":["2.02","9.01"],"event_type":"dividend","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"North European Oil Royalty Trust Q3 distribution cut to $0.21/unit; expects no Q4 distribution","bullets":["Quarterly distribution of $0.21/unit for Q3 FY2023, down 54.35% from $0.46/unit in Q3 FY2022.","Decline due to negative carry-over, lower gas sales and prices; overpayment of royalties led to negative carry-over.","Trust expects no cash distribution for Q4 FY2023 due to elimination of royalty income from negative carry-over.","Cumulative 12-month distribution is $3.00/unit, up 143.9% from prior $1.23/unit."],"urls":{"canonical":"https://secwatch.observer/filing/0000072633-23-000009","json":"https://secwatch.observer/filing/0000072633-23-000009.json","markdown":"https://secwatch.observer/filing/0000072633-23-000009.md","text":"https://secwatch.observer/filing/0000072633-23-000009.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/72633/000007263323000009/0000072633-23-000009-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/72633/000007263323000009/ek080123.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T19:38:20.203533+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":"0f5a39712f3d57b8b52617d4d7826af2b04b049c","claim":"NORTH EUROPEAN OIL ROYALTY TRUST reported the third quarter of fiscal 2023 results: net income This year's quarterly distribution of $0.21 per unit is 54.35%, or $0.25 per unit, lower than the distribution of $0.46.","evidence_excerpt":"On July 31, 2023, North European Oil Royalty Trust issued a press release via PR Newswire announcing the Trust's distribution for the third quarter of fiscal 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/72633/000007263323000009/0000072633-23-000009-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter of fiscal 2023"},{"label":"Net income","value":"This year's quarterly distribution of $0.21 per unit is 54.35%, or $0.25 per unit, lower than the distribution of $0.46"},{"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"}