North European Oil Royalty Trust Q4 net loss of $157,959; zero distribution vs $0.74 prior

NORTH EUROPEAN OIL ROYALTY TRUST

Total royalty income for Q4 FY2023 was negative $576 due to no income and currency loss; prior year was $7.0M.
Net loss of $157,959 for Q4 FY2023 compared to net income of $6.88M in Q4 FY2022.
No distribution paid for Q4; full FY2023 distributions per unit $2.26, up 23.5% from $1.83 prior.
Full year FY2023 total royalty income $22.0M, up 23.7% from $17.8M, driven by higher gas prices.
Residual overpayment of $733,028 from prior periods not yet offset; trust to resume distributions once GBIP stabilizes.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NORTH EUROPEAN OIL ROYALTY TRUST reported the fourth quarter of fiscal 2023 results: net income Net Income ($157,959).

Period: the fourth quarter of fiscal 2023
Net income: Net Income ($157,959)
Result: reported results

Exact text from the filing

On November 17, 2023, North European Oil Royalty Trust issued a press release via PR Newswire announcing the Trust's net income for the fourth quarter of fiscal 2023.

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NORTH EUROPEAN OIL ROYALTY TRUST filing history →

Source: SEC EDGAR

accession 0000072633-23-000013

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