NRT
North European Oil Royalty Trust6.26
-0.06-0.95%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
57.53MP/E (TTM)
10.43Basic EPS (TTM)
0.60Dividend Yield
0.07%Recent Filings
10-Q
Q1 FY2026 results
North European Oil Royalty Trust surged with royalty income up 337.5% y/y to $2.2M from German gas, sulfur, and oil sales in Q1 FY2026 ended January 31, 2026, fueled by higher Mobil gas sales volumes (4.8% y/y), stronger sulfur prices, and a positive adjustment versus last year's $2.5M negative hit. Net income leaped 581% to $1.9M ($0.21/unit), covering expenses up 22% to $286K from trustee fees and exams, while distributions hit $0.22/unit. Cash dipped to $3.9M after payouts, undistributed earnings steady at $1.9M. Royalty rights deplete without new drilling. Reserves deplete faster if operators skip development.
8-K
Annual meeting elects trustees
North European Oil Royalty Trust held its annual meeting on February 17, 2026, with 1,996,448 units represented. Unit owners elected Andrew S. Borodach, Ahron H. Haspel, Richard P. Howard, and Nancy J. F. Prue as trustees, though Borodach drew notable withheld votes at 305,424. Trustees locked in. They also advisory-approved the Managing Director's compensation, 1,384,061 for versus 612,387 against or abstaining.
8-K
Q1 distribution jumps to $0.22
North European Oil Royalty Trust announced a $0.22 per unit distribution for Q1 fiscal 2026, payable February 25 to February 13 record holders—up sharply from $0.04 last year. No negative adjustments hit this time, unlike 2025's $1.75M drag from 2023; positives included $30,820 and $51,072 end-of-quarter tweaks plus $79,183 Mobil sulfur. Distributions soared 111% over prior 12 months to $0.99 per unit. Depleting assets loom large.
8-K
Managing Director retires; interim named
North European Oil Royalty Trust's Managing Director John R. Van Kirk retires effective January 30, 2026, after over 35 years. Managing Trustee Nancy J. Floyd Prue, a CFA and oil/gas specialist with 35 years at Adams Funds, steps in as interim. Smooth transition. No family ties or special deals disclosed.
10-K
FY2025 results
North European Oil Royalty Trust posted FY2025 royalties of $8.65M, up 49.5% y/y, with Q4 delivering a stellar $3.06M—nearly triple Q4 FY2024's $0.67M—fueled by higher gas prices at 3.71 €cents/kWh despite flat Mobil gas sales. Q4 netted $2.93M or $0.32/unit, powering $0.31/unit distributions amid steady expenses. Mobil Agreement drove 78% of gas royalties from western Oldenburg, while OEG saw volume dips but price gains. Cash swelled to $4.79M. Q4 accelerated sharply. No new drilling looms.
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