8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported):  August 19, 2022 

NORTH EUROPEAN OIL ROYALTY TRUST

(Exact Name of Registrant as Specified in Charter)

   Delaware           1-8245        22-2084119  

State or Other Jurisdiction    (Commission      (I.R.S. Employer

of Incorporation       File Number)      Identification No.)

  5 North Lincoln Street, Keene, N.H. 03431   (Address of Principal Executive Offices, and Zip Code)  (732) 741-4008  (Registrant's Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.below):

 [ ]  Written communications pursuant to Rule 425 under the Securities Act
   (17 CFR 230.425)

 [ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
   (17 CFR 240.14a-12)

 [ ]  Pre-commencement communication pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))

 [ ]  Pre-commencement communication pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class      Trading Symbol(s) Name of each exchange on which registered

Units of Beneficial Interest   NRT        New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR Section 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR Section 240.12b-2).

Emerging growth company [ ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

 

Item 2.02.    Results of Operations and Financial Condition.

On August 19, 2022, North European Oil Royalty Trust issued a press release via PR Newswire announcing the Trust's net income for the third quarter of fiscal 2022. Furnished herewith is a copy of the press release, which is incorporated by reference herein.

Item 9.01.    Financial Statements and Exhibits.

(c) Exhibits

The following exhibit is furnished herewith:

Exhibit 99.    A press release dated August 19, 2022 and disseminated through PR Newswire announcing the net income for North European Oil Royalty Trust for the third quarter of fiscal 2022.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

NORTH EUROPEAN OIL ROYALTY TRUST

(Registrant)

/s/ John R. Van Kirk

John R. Van Kirk

Managing Director

August 19, 2022

EX-99 2 x99-081922.htm

Exhibit 99

PR NEWSWIRE

NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES THE NET INCOME FOR THE THIRD QUARTER OF FISCAL 2022

Keene, N.H. August 19, 2022 - North European Oil Royalty Trust (NYSE-NRT) reported the net income for the third quarter of fiscal 2022 which appears below compared with the third quarter of fiscal 2021. Total royalty income for the third quarter of fiscal 2022 increased from the third quarter of fiscal 2021 as detailed in the July 29, 2022 distribution press release. This increase resulted from the effect of higher gas prices under both the Mobil and OEG Royalty Agreements. Total royalty income includes any adjustments made by the operating companies based upon their corrected royalty calculations for prior periods as well as any Mobil sulfur royalties. There were no prior period adjustments in the third quarters of fiscal 2022 and 2021. Total royalty income was increased by Mobil sulfur royalties of $101,221 and $50,184 in the third quarters of fiscal 2022 and 2021, respectively.

	3rd Fiscal Quarter Ended 7/31/2022	3rd Fiscal Quarter Ended 7/31/2021	Percentage Change
Total Royalty Income	$4,442,665	$1,480,863	+200.01%
Net Income	$4,292,607	$1,363,590	+214.80%
Distributions per Unit	$0.46	$0.15	+206.67%

Trust expenses for the third quarter of fiscal 2022 increased 28.24%, or $33,189, to $150,693 in comparison to $117,504 for the third quarter of fiscal 2021. The increase in expenses reflects higher Trustee fees as specified by the provisions of the Trust Agreement.

Total royalty income received during the first nine months of fiscal 2022 increased in comparison to fiscal 2021 due to higher gas prices under both the Mobil and OEG Agreements during the first nine months of fiscal 2022. The comparison of the relevant periods is shown below.

	Nine Months Ended 7/31/2022	Nine Months Ended 7/31/2021	Percentage Change
Total Royalty Income	$10,762,772	$3,164,461	+240.11%
Net Income	$10,204,395	$2,673,879	+281.63%
Distributions per Unit	$1.09	$0.33	+230.30%

The previously declared distribution of 46 cents per unit will be paid on August 31, 2022 to owners of record as of August 19, 2022. For further information, contact John R. Van Kirk, Managing Director, at (732) 741-4008 or via e-mail at jvankirk@neort.com. The Trust's press releases and other pertinent information are available on the Trust's website: www.neort.com. The Trust's 10-Q filing will be available through the SEC or on the Trust's website, www.neort.com, on or about August 31, 2022.

EX-99

Exhibit 99

PR NEWSWIRE

NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES THE NET INCOME FOR THE THIRD QUARTER OF FISCAL 2022

Keene, N.H. August 19, 2022 - North European Oil Royalty Trust (NYSE-NRT) reported the net income for the third quarter of fiscal 2022 which appears below compared with the third quarter of fiscal 2021. Total royalty income for the third quarter of fiscal 2022 increased from the third quarter of fiscal 2021 as detailed in the July 29, 2022 distribution press release. This increase resulted from the effect of higher gas prices under both the Mobil and OEG Royalty Agreements. Total royalty income includes any adjustments made by the operating companies based upon their corrected royalty calculations for prior periods as well as any Mobil sulfur royalties. There were no prior period adjustments in the third quarters of fiscal 2022 and 2021. Total royalty income was increased by Mobil sulfur royalties of $101,221 and $50,184 in the third quarters of fiscal 2022 and 2021, respectively.

	3rd Fiscal Quarter Ended 7/31/2022	3rd Fiscal Quarter Ended 7/31/2021	Percentage Change
Total Royalty Income	$4,442,665	$1,480,863	+200.01%
Net Income	$4,292,607	$1,363,590	+214.80%
Distributions per Unit	$0.46	$0.15	+206.67%

Trust expenses for the third quarter of fiscal 2022 increased 28.24%, or $33,189, to $150,693 in comparison to $117,504 for the third quarter of fiscal 2021. The increase in expenses reflects higher Trustee fees as specified by the provisions of the Trust Agreement.

Total royalty income received during the first nine months of fiscal 2022 increased in comparison to fiscal 2021 due to higher gas prices under both the Mobil and OEG Agreements during the first nine months of fiscal 2022. The comparison of the relevant periods is shown below.

	Nine Months Ended 7/31/2022	Nine Months Ended 7/31/2021	Percentage Change
Total Royalty Income	$10,762,772	$3,164,461	+240.11%
Net Income	$10,204,395	$2,673,879	+281.63%
Distributions per Unit	$1.09	$0.33	+230.30%

The previously declared distribution of 46 cents per unit will be paid on August 31, 2022 to owners of record as of August 19, 2022. For further information, contact John R. Van Kirk, Managing Director, at (732) 741-4008 or via e-mail at jvankirk@neort.com. The Trust's press releases and other pertinent information are available on the Trust's website: www.neort.com. The Trust's 10-Q filing will be available through the SEC or on the Trust's website, www.neort.com, on or about August 31, 2022.