Every 10-Q that North European Oil Royalty Trust (NRT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow NRT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NRT filings page.
North European Oil Royalty Trust (NRT) reported higher royalty-driven results for the nine months ended July 31, 2026, with total gas, sulfur, and oil royalties of $7.24 million versus $5.59 million a year earlier, driving net income up to $6.47 million from $5.01 million.
Net income per unit rose to $0.70 from $0.54, and total distributions over the period increased to $0.70 per unit from $0.50, reflecting both stronger sulfur royalties and the absence of a prior-year $2.57 million Negative Adjustment. Cash and cash equivalents were $4.36 million at July 31, 2026.
The Trust highlights that natural gas provided about 89% of third-quarter royalty income and that gas prices under key agreements declined year over year, partly offset by higher volumes and a stronger Euro. A roughly 50-day shutdown of the Grossenkneten processing plant beginning August 1, 2026 is expected to impact gas production. Disclosure controls were deemed effective and no legal proceedings are reported.
North European Oil Royalty Trust reported sharply higher results for the first six months of fiscal 2026, driven by stronger royalty income and sulfur prices. Total royalty income rose to $4.60 million from $2.98 million, lifting net income to $3.99 million from $2.55 million. Distributions reached $0.44 per unit versus $0.24 a year earlier, while 9,190,590 units were outstanding as of April 30, 2026. Cash and cash equivalents decreased to $3.91 million from $4.79 million at fiscal year-end, mainly due to higher distributions and expenses. Expenses increased, largely reflecting higher legal and regulatory costs, but the Trust reported effective disclosure controls and no legal proceedings.
North European Oil Royalty Trust reported a sharp rebound in results for the quarter ended January 31, 2026. Total royalty income rose to $2,212,286 from $505,697 a year earlier, lifting net income to $1,945,021 from $285,468. Distributions increased to $0.22 per unit from $0.04, paid to 9,190,590 units of beneficial interest.
Management attributes the improvement to the absence of a large prior-year negative royalty adjustment, stronger gas sales from successful well maintenance and full use of processing facilities, and higher sulfur prices, which drove sulfur royalties up to $252,431 from $70,202. Cash and cash equivalents were $3,881,094, and the Trust continues to operate as a passive vehicle, distributing essentially all royalty income to unitholders while highlighting ongoing risks from depleting reserves, gas prices, exchange rates, and possible processing plant shutdowns.
North European Oil Royalty Trust (NRT) reported higher royalty receipts and distributions in the third quarter and first nine months of fiscal 2025. For the third quarter ended July 31, 2025, total royalty income was $2,617,231 (up 6.5%) and net income was $2,459,107 (up 6.1%). The Trustees declared a distribution of $0.26 per unit for the quarter versus $0.21 a year earlier, with 9,190,590 units outstanding.
For the nine months ended July 31, 2025, total royalty income rose to $5,594,229 (+9.4%) and net income to $5,005,581 (+10.5%). Distributions per unit for the nine months were $0.50 versus $0.46. Results were driven primarily by higher gas prices and a stronger average euro/dollar exchange rate; natural gas accounted for about 93% of cumulative royalty income in fiscal 2025. Financial statements are prepared on a modified cash basis and reflect significant concentration of royalty economics in western Oldenburg, which supplies a small share of sales but the majority of royalties.