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) issues frequent public updates focused on its royalty income and cash distributions to unitholders. As a trust that holds overriding royalty rights on oil, gas and sulfur production under concessions and leases in the Federal Republic of Germany, its news flow centers on how contractual royalty payments and adjustments translate into quarterly distributions.
Press releases regularly announce the quarterly distribution per unit, the record and payment dates, and comparisons with prior periods. These announcements often explain how factors such as prior period negative or positive royalty adjustments under the Mobil and OEG Royalty Agreements, sulfur royalty payments, and changes in gas prices and sales volumes have affected the latest distribution. The Trust also highlights the impact of carry-over adjustments from earlier calendar periods and notes that distributions are based on royalty income received less incurred and anticipated expenses.
In addition to distribution announcements, North European Oil Royalty Trust’s news includes updates on quarterly net income, commentary on trends in royalty income, and explanations of how currency exchange rates influence U.S. dollar results. Governance developments, such as the appointment of new Trustees or the reporting of changes among Trustees, are also communicated through press releases.
Investors following NRT’s news can use these updates to understand the timing and variability of distributions, the mechanics of royalty adjustments under the Mobil and OEG agreements, and the Trust’s perspective on the factors influencing its royalty streams. This news page aggregates those releases and related coverage so readers can review the Trust’s recent announcements and historical communication around its royalty income and distributions.
North European Oil Royalty Trust (NYSE-NRT) reported significant growth in its fourth quarter of fiscal 2021, with total royalty income reaching $1,437,950, a 312.48% increase compared to $348,614 in Q4 2020. Net income surged to $1,302,678, up 495.79% from $218,649 year-over-year. The Trust's fiscal year total royalty income was $4,602,410, a 13.64% rise, while net income increased 21.00% to $3,976,557. Distributions per unit also rose to $0.47, a 46.88% increase from $0.32 in the previous year.
The North European Oil Royalty Trust (NRT) has declared a quarterly distribution of $0.14 per unit for Q4 of fiscal 2021, payable on November 24, 2021. This marks a significant increase of 600%, or $0.12 higher, compared to $0.02 in Q4 2020. The rise is attributed to increased natural gas sales, with sales reaching 3.985 Bcf, a 25.08% increase year-over-year, and gas prices jumping 111.49%. The cumulative distribution for the fiscal year is $0.47, a 46.88% rise from $0.32 in 2020.
North European Oil Royalty Trust (NRT) reported a net income of $1,363,590 for Q3 fiscal 2021, reflecting a 6.69% increase from Q3 fiscal 2020. Total royalty income rose by 5.81% to $1,480,863, aided by higher gas prices and Mobil sulfur royalties amounting to $50,184. However, total royalty income for the first nine months decreased to $3,164,461, down 14.51% year-over-year. Trust expenses also decreased by 3.50% to $117,504. The distribution per unit increased by 36.36% to $0.15.
The Trustees of North European Oil Royalty Trust (NYSE:NRT) announced a quarterly distribution of $0.15 per unit for Q3 FY 2021, payable on August 25, 2021. This marks a 36.36% increase from $0.11 per unit in the same quarter of FY 2020. The distribution is primarily based on natural gas sales in Q2 2021. The total cumulative distribution over the last 12 months is $0.35 per unit, 23.91% lower than the previous $0.46 per unit. Key royalty income was derived from two agreements affecting gas sales and prices.
North European Oil Royalty Trust (NYSE-NRT) reported a net income of $1,198,447 for Q2 fiscal 2021, representing a 15.02% increase from $1,041,902 in Q2 fiscal 2020. Total royalty income rose by 9.75% to $1,400,159 amidst no prior period adjustments this year. Distribution per unit increased 27.27% to $0.14 from $0.11. However, total royalty income for the first half of fiscal 2021 fell 26.86% to $1,683,598 compared to $2,301,789 in 2020 due to lower gas prices and sales.
The North European Oil Royalty Trust (NYSE-NRT) announced a quarterly distribution of $0.14 per unit for Q2 fiscal 2021, up 27.27% from $0.11 in Q2 2020. This increase is attributed to higher exchange rates, offsetting declines in gas sales and prices. Royalty income from the Trust's agreements showed a decrease in overall gas sales, with gas royalties totaling $921,896, down 2.57% from the previous year. The cumulative 12-month distribution is $0.31, 45.61% lower than prior distributions.
North European Oil Royalty Trust (NYSE-NRT) reported a significant decline in net income for the first quarter of fiscal 2021, totaling $111,842, down 85.04% from $747,737 in the same period last year. Total royalty income also fell by 72.37% to $283,439, impacted by negative adjustments of $538,651. Despite reduced expenses of $171,680, down 38.71%, distributions per unit decreased by 50% to $0.04. Economic disruptions due to COVID-19 affected gas sales and prices, with notable declines of 34.03% and 11.92%, respectively.
The North European Oil Royalty Trust (NRT) announced a quarterly distribution of $0.04 per unit for Q1 fiscal 2021, down 50% from $0.08 in Q1 fiscal 2020. The reduction is attributed to lower gas sales of 34.03% and gas prices dropping by 11.92%, totaling $538,651 in negative royalty adjustments. The cumulative 12-month distribution now stands at $0.28 per unit, a 58.82% decrease from $0.68 previously. The distribution is set for February 24, 2021, to shareholders of record as of February 12, 2021.
North European Oil Royalty Trust (NRT) reported significant declines in key financial metrics for the fourth quarter and fiscal year ending October 31, 2020. Total royalty income decreased by 79% year-over-year to $348,614 in Q4, while net income fell 85.58% to $218,649. For the fiscal year, total royalty income was $4,050,017, down 51.47%, and net income dropped 56.63% to $3,286,363. COVID-19 significantly impacted revenue, with the Trust facing negative adjustments totaling $653,916 for the year.
The North European Oil Royalty Trust (NRT) announced a quarterly distribution of $0.02 per unit for Q4 fiscal 2020, a decrease of 87.5% from $0.16 in Q4 fiscal 2019. The decline is attributed to reduced natural gas sales, lower prices, and negative adjustments from previous quarters. Gas sales fell by 34.74% and gas royalties decreased by 56.08% year over year. The cumulative distribution for fiscal 2020 is $0.32, 60.98% lower than the $0.82 in fiscal 2019. The next distribution will be paid on November 25, 2020.
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