{"schema_version":"secwatch.filing_event.v1","accession":"0000072633-23-000010","form_type":"8-K","ticker":"NRT","cik":"0000072633","company_name":"NORTH EUROPEAN OIL ROYALTY TRUST","filed_at":"2023-08-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.514543+00:00","generated_at":"2026-06-11T06:37:52.600644+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"NRT Q3 net income falls 46.6%; Q4 distribution eliminated due to royalty overpayment","bullets":["Q3 net income $2.29M, down 46.6% YoY from $4.29M; distribution per unit halved to $0.21.","Negative prior-period adjustment of $3.74M reduced Q3 royalty income; there was none in Q2 FY22.","Overpayment will fully offset Q4 royalty payments; no cash distribution expected in Q4 fiscal 2023.","Nine-month net income up 109% to $21.33M on earlier higher gas prices despite Q3 decline.","Gas sales down ~20% and gas prices down 23% under Mobil and OEG agreements vs Q3 FY22."],"urls":{"canonical":"https://secwatch.observer/filing/0000072633-23-000010","json":"https://secwatch.observer/filing/0000072633-23-000010.json","markdown":"https://secwatch.observer/filing/0000072633-23-000010.md","text":"https://secwatch.observer/filing/0000072633-23-000010.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/72633/000007263323000010/0000072633-23-000010-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/72633/000007263323000010/ek082123.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T06:37:52.600644+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":"d02f4b2a11d8bfa77a9df9f8dcc47c7e66af2d9d","claim":"NORTH EUROPEAN OIL ROYALTY TRUST reported third quarter of fiscal 2023 results: net income $2,290,894, EPS $0.21.","evidence_excerpt":"North European Oil Royalty Trust (NYSE-NRT) reported net income for the third quarter of fiscal 2023 compared with the third quarter of fiscal 2022 as detailed in the table below.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/72633/000007263323000010/0000072633-23-000010-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter of fiscal 2023"},{"label":"Net income","value":"$2,290,894"},{"label":"EPS","value":"$0.21"},{"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"}