NRT
North European Oil Royalty Trust6.26
-0.06-0.95%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '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-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.
8-K
Q4 distribution jumps to $0.31
North European Oil Royalty Trust announced a $0.31 per unit distribution for fiscal 2025's fourth quarter, payable November 26 to November 14 record holders—up sharply from $0.02 last year. This surge stems from minimal negative adjustments, unlike prior quarters hit by $3.4 million in carryovers. Cumulative 12-month payout hits $0.81 per unit, 69% above prior. Trust assets deplete steadily.
10-Q
Q3 FY2025 results
North European Oil Royalty Trust posted solid Q3 FY2025 results, with royalty income up 6.5% year-over-year to $2.6M from higher gas prices and a stronger euro exchange rate, despite a 6.5% drop in Mobil gas sales volume. Net income rose 6.1% to $2.5M, or $0.27 per unit, driving a $0.26 distribution—23.8% above last year's $0.21. Year-to-date through July 31, 2025, income climbed 9.4% to $5.6M, with net income at $5.0M and $0.50 per unit distributed, fueled by 13.8% higher gas prices under both Mobil and OEG agreements even as volumes fell 6.3-6.6%. Cash swelled to $4.2M, up sharply from $3.0M last year, with no debt and steady expenses. Distributions consume most funds. Gas production depletes without new drilling.
8-K
Q3 distribution rises to $0.26
North European Oil Royalty Trust announced a $0.26 per unit distribution for Q3 fiscal 2025, up from $0.21 last year, payable August 27 to record holders on August 15. This reflects net royalty income of $31,235 after a negative adjustment under the OEG Agreement and a positive Mobil sulfur payment. Scheduled Q4 royalties estimate $2.6 million, yet exchange rates and adjustments could sway outcomes. Depleting assets heighten depletion risks.
10-Q
Q2 FY2025 results
North European Oil Royalty Trust posted solid Q2 FY2025 results, with royalty income up 10.7% year-over-year to $2.5M from higher gas prices and exchange rates, despite gas sales dipping 11.5% under the Mobil agreement. Net income climbed 11.2% to $2.3M, or $0.25 per unit, while expenses rose modestly 6.7% to $230K on timing of royalty exams. For the first half, income surged 12.0% to $3.0M and net income 15.1% to $2.5M, or $0.28 per unit, with distributions at $0.24—down slightly from last year's $0.25. Cash swelled to $3.6M, up from $1.6M at October's start, fueled by $2.0M net inflows after expenses and payouts. No debt burdens the Trust. Yet depleting reserves loom as operators skip new drilling through 2025.
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