{"schema_version":"secwatch.filing_event.v1","accession":"0000072633-24-000007","form_type":"8-K","ticker":"NRT","cik":"0000072633","company_name":"NORTH EUROPEAN OIL ROYALTY TRUST","filed_at":"2024-02-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.767044+00:00","generated_at":"2026-06-06T00:30:30.263551+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"North European Oil Royalty Trust Q1 net income down 98.1% to $179K; distribution cut to $0.05/unit","bullets":["Total royalty income of $424,910, down 95.6% YoY from $9.77M, impacted by €1.99M negative prior-period adjustments.","Net income of $179,085, down 98.1% from $9.54M; distribution per unit $0.05 vs $1.00 a year ago.","Gas prices under Mobil Agreement fell 72.8% YoY; gas sales down 8.4% under Mobil, 13.9% under OEG.","Trustees anticipate higher Q2 distribution as negative carryover adjustments will be fully offset after mid-February.","Trust expenses essentially flat at $253,285 vs $252,792."],"urls":{"canonical":"https://secwatch.observer/filing/0000072633-24-000007","json":"https://secwatch.observer/filing/0000072633-24-000007.json","markdown":"https://secwatch.observer/filing/0000072633-24-000007.md","text":"https://secwatch.observer/filing/0000072633-24-000007.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/72633/000007263324000007/0000072633-24-000007-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/72633/000007263324000007/ek021624.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T00:30:30.263551+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":"5c2d73a9a71bb580a87067acf4ae4d0e5b235d31","claim":"NORTH EUROPEAN OIL ROYALTY TRUST reported the first quarter of fiscal 2024 results: revenue $424,910, net income $179,085.","evidence_excerpt":"were no prior period adjustments and no Mobil sulfur royalties. 1st Fiscal Quarter Ended 1/31/2024 1st Fiscal Quarter Ended 1/31/2023 Percentage Change Total Royalty Income $424,910 $9,765,883 -95.6% Net Income $179,085 $9,536,014 -98.1% Distributions per Unit $0.05 $1.00 -95.0% Following a prolonged decline in gas prices starting with the second quarter of","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/72633/000007263324000007/0000072633-24-000007-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter of fiscal 2024"},{"label":"Revenue","value":"$424,910"},{"label":"Net income","value":"$179,085"},{"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"}