---
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"
generated_at: "2026-06-12T19:38:20.203533+00:00"
event_type: "dividend"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# North European Oil Royalty Trust Q3 distribution cut to $0.21/unit; expects no Q4 distribution

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: dividend
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000072633-23-000009
- JSON: https://secwatch.observer/filing/0000072633-23-000009.json
- Plain text: https://secwatch.observer/filing/0000072633-23-000009.txt

## Key facts
- Earnings Releases
  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.
  - Period: the third quarter of fiscal 2023
  - 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
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/72633/000007263323000009/0000072633-23-000009-index.htm

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