North European Oil Rty Tr Stock Price, News & Analysis

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.

North European Oil Royalty Trust (NRT) reported a significant decline in Q3 2020 net income and total royalty income compared to Q3 2019. Total royalty income fell to $1,399,614, down 34.79%, while net income was $1,278,075, a decrease of 36.81%. The drop is attributed to lower gas prices and sales amid the COVID-19 pandemic. Distributions per unit also decreased by 50% to $0.11. For the first nine months, total royalty income and net income showed similar trends, decreasing by 44.63% and 49.39%, respectively.

The Trustees of North European Oil Royalty Trust (NYSE-NRT) declared a $0.11 per unit quarterly distribution for Q3 2020, a 50% decrease from $0.22 per unit in Q3 2019. This reduction is attributed to lower royalty income from natural gas sold during Q2 2020, largely impacted by COVID-19 and a surplus in the European gas market. Total gas royalties decreased by 38.84% year-over-year to $718,425. The cumulative 12-month distribution fell 43.21% to $0.46 per unit, reflecting ongoing challenges in gas sales and prices.