secwatch.observer — SEC 8-K summary
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Issuer:     NORTH EUROPEAN OIL ROYALTY TRUST (NRT)
CIK:        0000072633
Form:       8-K
Filed at:   2023-11-17T23:59:59+00:00
Accession:  0000072633-23-000013
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72633/000007263323000013/0000072633-23-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72633/000007263323000013/ek111723.htm
  HTML page:      https://secwatch.observer/filing/0000072633-23-000013

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