NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES THE DISTRIBUTION FOR THE FIRST QUARTER OF FISCAL 2026

North European Oil Royalty Trust (NYSE:NRT) declared a quarterly distribution of $0.22 per unit for Q1 fiscal 2026, payable February 25, 2026 to unitholders of record on February 13, 2026.

Rhea-AI Summary

North European Oil Royalty Trust (NYSE:NRT) declared a quarterly distribution of $0.22 per unit for Q1 fiscal 2026, payable February 25, 2026 to unitholders of record on February 13, 2026.

The increase versus Q1 fiscal 2025 ($0.04) reflects the absence of negative adjustments that reduced prior distributions; calendar 2023 negative adjustments of $1,754,661 affected the 2025 Q1 payout. Q1 fiscal 2026 included positive end-of-quarter adjustments of $30,820 and $51,072 plus a $79,183 Mobil sulfur payment. The trailing 12-month cumulative distribution is $0.99 per unit, up 111% versus the prior 12 months.

Positive

• Quarterly distribution raised to $0.22 per unit for Q1 fiscal 2026
• Trailing 12-month distribution $0.99 per unit, +111% versus prior 12 months
• Q1 included positive adjustments totaling $161,075 (two adjustments plus Mobil sulfur payment)

Negative

• Residual negative adjustments of $1,754,661 from calendar 2023 reduced prior distributions
• Trust assets are depleting, creating production and cashflow uncertainty for future distributions
• Political and economic uncertainty from Russia's invasion of Ukraine may affect operations and receipts

Argus Feb 2 session

+5.50% close to close Open Argus

Details

News Market Reaction – NRT

On Feb 2, the first trading day after this news, NRT closed 5.50% above the previous close.

Data tracked by StockTitan Argus for the Feb 2 session.

Key Figures

Q1 2026 distribution: $0.22 per unit Q1 2025 distribution: $0.04 per unit Negative adjustments 2023: $1,754,661 +5 more

Q1 2026 distribution

$0.22 per unit

First quarter fiscal 2026 payout

Q1 2025 distribution

$0.04 per unit

First quarter fiscal 2025 payout

Negative adjustments 2023

$1,754,661

Remaining balance that impacted Q1 2025 distribution

Positive adjustment 1

$30,820

End-of-quarter adjustment for Q1 fiscal 2026

Positive adjustment 2

$51,072

Additional positive end-of-quarter adjustment for Q1 2026

Mobil sulfur payment

$79,183

Positive Mobil sulfur payment for Q1 fiscal 2026

12-month distribution

$0.99 per unit

Cumulative 12-month distribution including January 2026

Prior 12-month distribution

$0.47 per unit

Previous 12-month cumulative payout before latest period

Historical Context

3 past events · Latest: Jan 16

3 events

1. Jan 16

   Management change

   24h Move

   +2.2%

   Retirement of Managing Director and appointment of interim Managing Director.

2. Oct 31

   Distribution update

   24h Move

   +12.4%

   Q4 2025 distribution jumped versus 2024 as large negative adjustments eased.

3. Jul 31

   Distribution update

   24h Move

   +1.4%

   Q3 2025 payout increased 23.8% year over year on higher royalty receipts.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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EAST SCHODACK, N.Y., Jan. 30, 2026 /PRNewswire/ -- The Trustees of North European Oil Royalty Trust (NYSE-NRT) announced today a quarterly distribution of $0.22 per unit for the first quarter of fiscal 2026, payable on February 25, 2026 to owners of record on February 13, 2026.  This compares to a distribution of $0.04 per unit for the first quarter of fiscal 2025.

In accordance with the agreements between the Trust and the operating companies, the Trust's monthly scheduled royalty payments are paid based on the amount of royalties that were payable to the Trust in the prior calendar quarter.  Adjustments to the scheduled payments occur when scheduled payments differ from actual results. The significant increase in the year-over-year first quarter distribution results primarily from the lack of negative adjustments. The remaining balance of the negative adjustments from calendar 2023 totaling $1,754,661 impacted the 2025 first quarter distribution.  For the first quarter of fiscal 2026, there were positive end-of-quarter adjustments of $30,820 and $51,072 and a positive Mobil sulfur payment of $79,183. Further details will be available in the 10-Q scheduled to be released on or about February 27, 2026.

The cumulative 12-month distribution, which includes the January 2026 distribution and the three prior quarterly distributions, is $0.99 per unit. This 12-month cumulative distribution is 111%, or $0.52 per unit, higher than the prior 12-month distribution of $0.47 per unit.  The Trust makes quarterly distributions to unit owners during the months of February, May, August, and November.

Contact – Nancy J. Floyd Prue, Managing Trustee, telephone: (732) 741-4008, email: NJFPrue@neort.com. The Trust's press releases and other pertinent information are available on the Trust's website: www.neort.com.

Forward-Looking Statements

This press release may contain forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Such statements address future expectations and events or conditions concerning the Trust, such as statements concerning future gas prices, royalty payments, and cash distributions. Many of these statements are based on information provided to the Trust by the operating companies or by consultants using public information sources, are difficult to predict, and are generally beyond the control of the Trust.  These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in any forward-looking statements. These include: the fact that the assets of the Trust are depleting assets and, if the operators developing the concession do not perform additional development projects, the assets may deplete faster than expected; risks and uncertainties concerning levels of gas production and gas sale prices, general economic conditions, and currency exchange rates; the ability or willingness of the operating companies to perform under their contractual obligations with the Trust; potential disputes with the operating companies and the resolution thereof; and political and economic uncertainty arising from Russia's invasion of Ukraine.  Any forward-looking statement speaks only as of the date on which such statement is made, and the Trust does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.

View original content:https://www.prnewswire.com/news-releases/north-european-oil-royalty-trust-announces-the-distribution-for-the-first-quarter-of-fiscal-2026-302675364.html

SOURCE North European Oil Royalty Trust

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What distribution did North European Oil Royalty Trust (NRT) declare for Q1 fiscal 2026?

The Trust declared a $0.22 per unit quarterly distribution for Q1 fiscal 2026. According to the company, the payment is payable February 25, 2026 to holders of record on February 13, 2026.

How does the Q1 2026 distribution for NRT compare to Q1 2025?

Q1 fiscal 2026 distribution of $0.22 per unit is materially higher than Q1 2025's $0.04 per unit. According to the company, the increase reflects the absence of prior negative adjustments that reduced last year's payout.

What is NRT's cumulative 12-month distribution and its change year-over-year?

The cumulative 12-month distribution is $0.99 per unit, up 111% from the prior 12-month total of $0.47. According to the company, this includes the January 2026 distribution and three prior quarterly distributions.

Why did NRT's distribution increase for Q1 2026?

The primary driver was the lack of negative adjustments that lowered prior payments. According to the company, Q1 2026 also included positive adjustments and a Mobil sulfur payment that increased distributable cash.

When will NRT file more detailed financial information about the Q1 distribution?

The Trust expects to release detailed results in its Form 10-Q on or about February 27, 2026. According to the company, that filing will provide further breakdowns of adjustments and receipts.

What risks could affect future NRT distributions to holders of record?

Future distributions may be affected by asset depletion, operator performance, commodity prices, and geopolitical risks. According to the company, these factors could materially change royalty payments and cash available for distributions.