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North European Oil Royalty Trust (NRT) 12‑month distributions surge 115%

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

North European Oil Royalty Trust declared a cash distribution of $0.22 per unit for the second quarter of fiscal 2026. This matches the first quarter 2026 payout and exceeds the $0.20 distribution for the second quarter of fiscal 2025.

The $0.22 distribution is payable on May 27, 2026 to owners of record on May 13, 2036. The cumulative 12‑month distribution, including this payment and the three prior quarterly distributions, is $1.01 per unit, which is 115%, or $0.54 per unit, higher than the prior 12‑month total of $0.47.

The Trust notes that royalties for the quarter ending April 30, 2026 are based on prior‑quarter royalty levels and therefore do not fully reflect the recent period of higher prices. It also highlights standard forward‑looking risks, including depleting assets, gas price volatility, operator performance, and geopolitical and economic uncertainty.

Positive

  • Significantly higher trailing distributions: The cumulative 12‑month distribution reached $1.01 per unit, 115%, or $0.54 per unit, higher than the prior 12‑month total of $0.47, reflecting substantially stronger recent cash flows to unitholders.

Negative

  • None.

Insights

NRT’s trailing 12‑month payout more than doubled, driven by higher royalty income.

North European Oil Royalty Trust declared a Q2 fiscal 2026 distribution of $0.22 per unit, above the prior‑year quarter’s $0.20. The trailing 12‑month distribution rose to $1.01 per unit from $0.47, a 115% increase.

Because royalties are paid with a lag under the Mobil and OEG Royalty Agreements, the quarter ending April 30, 2026 does not fully capture recent higher gas prices. Future distributions will depend on ongoing production, gas prices, currency effects, and operator performance.

The Trust underlines that its assets are depleting and that outcomes are exposed to operating company behavior, potential disputes, and broader geopolitical and economic conditions. Subsequent 10‑Q disclosures around May 30, 2026 are expected to provide more detailed royalty and distribution information.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Q2 2026 distribution $0.22 per unit Second quarter of fiscal 2026
Q2 2025 distribution $0.20 per unit Second quarter of fiscal 2025 comparison
Cumulative 12-month distribution $1.01 per unit Includes May 2026 and three prior quarterly distributions
Prior 12-month distribution $0.47 per unit Baseline for 115% year-over-year increase
12-month distribution increase 115% / $0.54 per unit Increase from $0.47 to $1.01 per unit
Payment date May 27, 2026 Payable date for Q2 fiscal 2026 $0.22 distribution
Record date May 13, 2036 Owners of record entitled to Q2 fiscal 2026 distribution
distribution financial
"announced today a distribution of $0.22 per unit for the second quarter"
A distribution is a payment or transfer of value from a company, fund, or trust to its shareholders or unit holders, commonly made in cash, additional shares, or other assets. Investors care because distributions provide income, reflect how much cash a business or fund can return to owners, can influence yield and taxable income, and often affect the share price much like a store handing out a portion of its profits to customers.
royalties financial
"The Trust receives its royalties under the Mobil and OEG Royalty Agreements"
Payments made to the owner of an asset or intellectual property each time that asset is used or a product is sold, often calculated as a percentage of sales or a set amount per unit. Royalties matter to investors because they create predictable, ongoing income streams and affect a company’s cash flow and valuation—like a landlord collecting rent or an author getting a steady cut whenever a book is sold.
depleting assets financial
"the assets of the Trust are depleting assets and, if the operators"
forward-looking statements regulatory
"This press release may contain forward-looking statements intended to qualify"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
currency exchange rates financial
"levels of gas production and gas sale prices, general economic conditions, and currency exchange rates"
geopolitical and economic uncertainty financial
"These include: the fact that the assets of the Trust are depleting assets ... and geopolitical and economic uncertainty"
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Understanding 8-K Material Events →
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of report (Date of earliest event reported) April 29 , 2026


North European Oil Royalty Trust
(Exact Name of Registrant as Specified in Charter)


Delaware
 1-8245
 22-2084119
(State or Other Jurisdiction of Incorporation)
 (Commission File Number) (I.R.S. Employer Identification No.)

PO Box 107 East Schodack, NY 12063
(Address of Principal Executive Office, and Zip Code)

(732) 741-4008
(Registrant’s Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

  ☐
Written communication pursuant to Rule 425 under Securities Act (17 CFR 230.425)
  ☐
Soliciting material pursuant to Rule 14a-12 under Exchange Act (17 CFR 240.14a-12)
  ☐
Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  ☐
Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Units of Beneficial Interest
NRT
New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933
(17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240-12b-2).
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02.
Results of Operations and Financial Condition.

On April 30, 2026, North European Oil Royalty Trust issued a press release via PR Newswire announcing the Trust’s distribution for the second quarter of fiscal 2026.  Furnished herewith is a copy of the press release, which is incorporated by reference herein.

Item 9.01.
Financial Statements and Exhibits.

(c) Exhibits

The following exhibit is furnished herewith:

Exhibit 99.  A press release dated April 30, 2026 and disseminated through PR Newswire announcing the distribution for North European Oil Royalty Trust for the second quarter of fiscal 2026.

Item 104.
Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
NORTH EUROPEAN OIL ROYALTY TRUST
 
(Registrant)
 
 
 
 By:
Nancy J. Floyd Prue
 
 
  
Nancy J. Floyd Prue
  
 
  
Managing Director
  

 
 
Dated: May 1, 2026
      


Exhibit 99

PR NEWSWIRE

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

East Schodack, NY  April 30, 2026 – The Trustees of North European Oil Royalty Trust (NYSE-NRT) announced today a distribution of $0.22 per unit for the second quarter of fiscal 2026.  This compares to a $0.20 distribution for the second quarter of fiscal 2025 and is equal to the $0.22 distribution for the first quarter of fiscal 2026.  The $0.22 distribution for the second quarter of fiscal 2026 is payable on May 27, 2026 to owners of record on May 13, 2036.

The Trust receives its royalties under the Mobil and OEG Royalty Agreements as detailed in the 2025 10-K on the Trust’s website.  In accordance with the agreements, the Trust’s monthly royalty payments are paid based on the amount of royalties payable to the Trust in the prior quarter.  As a result, for the quarter ending April 30, 2026, the royalties do not fully reflect the recent period of higher prices.  Additional details will be available in the Trust’s 10-Q filing at the Trust’s website, shown below, or through the SEC’s EDGAR website on or about May 30, 2026.

The cumulative 12-month distribution, which includes the May 2026 distribution and the three prior quarterly distributions, is $1.01 per unit. This 12-month cumulative distribution is 115%, or $0.54 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 – Edwin Sapienza, Trust Administrator, telephone: (732) 741-4008, email: easapienza@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 geopolitical and economic uncertainty.  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.


Source: View Original Filing on SEC EDGAR

FAQ

What cash distribution did North European Oil Royalty Trust (NRT) declare for Q2 fiscal 2026?

North European Oil Royalty Trust declared a cash distribution of $0.22 per unit for the second quarter of fiscal 2026. This equals the first quarter 2026 payout and is higher than the $0.20 per-unit distribution for the second quarter of fiscal 2025.

How does NRT’s latest 12-month distribution compare to the prior year?

The latest 12-month cumulative distribution is $1.01 per unit, including the May 2026 payment and three prior quarters. This is 115% higher, or $0.54 per unit more, than the prior 12‑month distribution total of $0.47 per unit.

When will NRT’s $0.22 Q2 fiscal 2026 distribution be paid and to whom?

The $0.22 per-unit distribution for the second quarter of fiscal 2026 is payable May 27, 2026 to unitholders of record on May 13, 2036. These dates come directly from the distribution announcement in the Trust’s press release.

Why don’t NRT’s latest royalties fully reflect higher recent gas prices?

NRT’s royalty payments are based on amounts payable for the prior quarter under the Mobil and OEG Royalty Agreements. Because of this timing lag, royalties for the quarter ending April 30, 2026 do not fully capture the recent period of higher gas prices.

What key risks does North European Oil Royalty Trust highlight in this announcement?

The Trust notes risks from its depleting assets, potential lack of additional development by operators, uncertain gas production levels and prices, currency exchange movements, operator performance and disputes, and broader geopolitical and economic uncertainty affecting future royalties and distributions.

How often does North European Oil Royalty Trust pay distributions?

North European Oil Royalty Trust makes quarterly distributions to unitholders. Payments are made in the months of February, May, August, and November, reflecting royalty income received under its long-standing Mobil and OEG Royalty Agreements in Germany.

Filing Exhibits & Attachments

4 documents

Press Releases

Other Documents