Welcome to our dedicated page for North European Oil Rty Tr news (Ticker: NRT), a resource for investors and traders seeking the latest updates and insights on North European Oil Rty Tr stock.
North European Oil Royalty Trust (NYSE: NRT) provides investors with centralized access to official announcements and operational updates from this unique energy royalty entity. This resource aggregates essential disclosures including royalty payment calculations, production reconciliations, and regulatory filings tied to its German oil and gas concessions.
Users gain strategic insights through timely updates on scheduled distributions, contractual adjustments with operating partners, and foreign exchange impacts on royalty income. The archive includes verified press releases regarding production volumes, sulfur sales, and condensate pricing developments.
Key content categories cover quarterly distribution announcements, annual reserve reconciliations, operational partner updates, and regulatory compliance disclosures. All materials are sourced directly from SEC filings and official trust communications to ensure accuracy.
Bookmark this page for streamlined monitoring of NRT's royalty-based performance metrics and partner-operated production data. Check regularly for updates impacting distribution calculations and energy market exposure.
North European Oil Royalty Trust (NYSE: NRT) has announced a quarterly distribution of $0.20 per unit for the second quarter of fiscal 2025, matching the same period last year and showing significant improvement from Q1 2025's $0.04 distribution.
The distribution will be paid on May 28, 2025 to owners of record as of May 16, 2025. The increase reflects higher prices and a reduced negative adjustment carryover. The quarter ended with positive adjustments of $73,451 under the Mobil Agreement and $97,508 under the OEG Agreement, plus a Mobil sulfur royalty payment of $57,240.
The Trust receives royalties based on the previous quarter's performance, with payments structured under the Mobil and OEG Royalty Agreements. Detailed financial information will be available in the Trust's 10-Q filing through the SEC's EDGAR website by May 30, 2025.
North European Oil Royalty Trust (NYSE:NRT) has declared a quarterly distribution of $0.04 per unit for the first quarter of fiscal 2025, payable on February 26, 2025, to unitholders of record on February 14, 2025.
The reduced distribution primarily resulted from substantial negative adjustments from calendar 2023 under both the Mobil and OEG royalty agreements. The negative carry-over adjustment from 2023 completely eliminated all first quarter fiscal 2025 royalty payments under the OEG royalty agreement, with a residual negative balance affecting February 2025's scheduled payment. For the Mobil royalty, the negative carry-over adjustment was fully offset through a reduction in December 2024's scheduled royalty payment.
North European Oil Royalty Trust (NYSE-NRT) has declared a quarterly distribution of $0.02 per unit for Q4 fiscal 2024, payable on November 27, 2024. The reduced distribution primarily resulted from carry-over negative adjustments from the prior quarter and substantial negative adjustments from calendar 2023. The cumulative 12-month distribution, including November 2024 and three prior quarters, amounts to $0.48 per unit, representing a significant decrease of 78.8% or $1.78 per unit compared to the prior 12-month distribution of $2.26 per unit.
North European Oil Royalty Trust (NYSE: NRT) has appointed two new Trustees, effective October 1, 2024. Richard P. Howard, a Chartered Financial Analyst with over 47 years of experience in the energy industry, and Andrew S. Borodach, a transactional lawyer with more than 25 years of experience in financial services and insurance, will join the Trust's board. Howard brings extensive analytical and portfolio management expertise, while Borodach contributes significant legal and M&A experience. Nancy J. Floyd Prue, Managing Trustee, stated that their experience and perspectives will strengthen the Trust's management. With these appointments, North European Oil Royalty Trust will have a total of 5 Trustees.
North European Oil Royalty Trust (NYSE: NRT) has announced a quarterly distribution of $0.21 per unit for the third quarter of fiscal 2024, payable on August 28, 2024, to holders of record on August 16, 2024. This distribution matches the amount from the same quarter in fiscal 2023. The Trust's royalties are received under the Mobil and OEG Royalty Agreements, with scheduled monthly payments based on the previous calendar quarter's royalties.
There were negative adjustments of $387,930 under the Mobil Agreement and $219,645 under the OEG Agreement at the end of Q3 fiscal 2024. These will be offset against Q4 scheduled royalty payments. Estimated royalty payments for Q4 fiscal 2024 are $1.2 million at the current exchange rate of 1.09.
North European Oil Royalty Trust announced the passing of Willard B. Taylor, a Trustee and Director since the Trust's formation in 1975. Taylor, known for his calm clarity and broad wisdom, died on May 17, 2024. His death was reported by Managing Director John R. Van Kirk. The Trust acknowledges the significant contributions made by Taylor during his long tenure. For additional details, contact John R. Van Kirk or visit the Trust's website.
The North European Oil Royalty Trust (NYSE-NRT) declared a distribution of $0.20 per unit for the second quarter of fiscal 2024, payable on May 29, 2024. The Trust receives royalties under the Mobil and OEG Royalty Agreements. Positive royalty adjustments of $125,240 under the Mobil Agreement and $51,781 under the OEG Agreement were noted. Third-quarter royalties are estimated at $2.4 million. Expenses will impact distribution, and additional details will be in the Trust's 10-Q filing on or about May 30, 2024.
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