North European Oil Royalty Trust skips Q4 FY2023 distribution; FY2023 cumulative up 23.5% to $2.26/unit

NORTH EUROPEAN OIL ROYALTY TRUST

No Q4 FY2023 distribution; Q4 FY2022 was $0.74/unit.
ExxonMobil's 18-day shutdown of Grossenkneten plant reduced gas sales volumes.
Decline in German Border Import gas price and negative adjustments led to zero royalty payments.
FY2023 cumulative distribution $2.26/unit, up $0.43 (23.5%) from FY2022's $1.83/unit.
Residual adjustments will impact Q1 FY2024; future distributions uncertain.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

NORTH EUROPEAN OIL ROYALTY TRUST reported financial results for the fourth quarter of fiscal 2023.

Period: the fourth quarter of fiscal 2023
Result: reported results

Exact text from the filing

On October 31, 2023, North European Oil Royalty Trust issued a press release via Cision PR Newswire announcing the Trust would not be making a distribution for the fourth quarter of fiscal 2023.

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Source: SEC EDGAR

accession 0000072633-23-000012

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