North European Oil Royalty Trust cuts Q4 payout to $0.20

A royalty overpayment during the quarter created a negative carry-over expected to reduce NRT’s first-quarter fiscal 2027 distribution.

Available on EDGAR 11/10/2026 - 04:31 PM EST Accepted by SEC EDGAR 11/10/2026 - 04:30 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

North European Oil Royalty Trust (NRT) announced a fourth-quarter fiscal 2026 distribution of $0.20 per unit, compared with $0.31 for fourth-quarter fiscal 2025 and $0.26 for third-quarter fiscal 2026. The distribution is payable November 30, 2026, to owners of record November 17, 2026. The cumulative 12-month distribution, including the November 2026 distribution and the three prior quarterly distributions, is $0.90 per unit, 11.1% ($0.09 per unit) higher than the prior 12-month distribution of $0.81 per unit.

A maintenance shutdown of the de-sulfurization plant during the quarter resulted in a royalty overpayment and a negative carry-over. That carry-over will reduce royalty income paid to the Trust in the first fiscal quarter of 2027; the cash distribution for that quarter is expected to decrease.

1 point · 0 major

NegativeiHow this balance works

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Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 2 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointCumulative 12-month distributions were 11.1% higher than the prior 12-month period.

Negative

• Moderate pointFourth-quarter distribution was $0.20 per unit, compared with $0.31 a year earlier.
• Moderate point. Forward-looking: it has not happened yet and may not happen.First-quarter fiscal 2027 distribution is expected to decrease following a royalty overpayment and negative carry-over.

8-K Event Classification

2 items: 2.02, 9.01

2 items

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, or exhibit attachments filed with this report.

Key Figures

Fourth-quarter fiscal 2026 distribution: $0.20 per unit Fourth-quarter fiscal 2025 distribution: $0.31 per unit Third-quarter fiscal 2026 distribution: $0.26 per unit +4 more

7 metrics

Fourth-quarter fiscal 2026 distribution $0.20 per unit Fourth quarter of fiscal 2026

Fourth-quarter fiscal 2025 distribution $0.31 per unit Fourth quarter of fiscal 2025

Third-quarter fiscal 2026 distribution $0.26 per unit Third quarter of fiscal 2026

Cumulative 12-month distribution $0.90 per unit Includes the November 2026 distribution and the three prior quarterly distributions

Prior 12-month distribution $0.81 per unit Comparison period for the cumulative 12-month distribution

12-month distribution increase 11.1% Higher than the prior 12-month distribution

12-month distribution increase $0.09 per unit Higher than the prior 12-month distribution

Key Terms

negative carry-over, Mobil and OEG Royalty Agreements, depleting assets

3 terms

negative carry-over financial

"This overpayment has generated a negative carry-over"

Mobil and OEG Royalty Agreements financial

"royalties under the Mobil and OEG Royalty Agreements"

depleting assets financial

"the assets of the Trust are depleting assets"

FAQ

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

What is NRT’s fourth-quarter fiscal 2026 distribution?

NRT announced a $0.20-per-unit distribution for the fourth quarter of fiscal 2026, compared with $0.31 for the fourth quarter of fiscal 2025 and $0.26 for the third quarter of fiscal 2026.

Why is NRT’s first-quarter fiscal 2027 distribution expected to decrease?

A maintenance shutdown of the de-sulfurization plant during the quarter resulted in a royalty overpayment. The overpayment generated a negative carry-over that will reduce royalty income paid to the Trust in the first fiscal quarter of 2027.

How are NRT’s monthly royalty payments calculated?

The Trust’s monthly scheduled royalty payments are based on the amount of royalties payable to the Trust in the prior calendar quarter.

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

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false000007263300000726332026-10-292026-10-29

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) October 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. ☐

Explanatory Note

The Company is submitting this Current Report on Form 8-K to report the distribution for the fourth quarter of fiscal 2026 publicly announced on October 29, 2026. The Company intended to submit this report on Novermber 4, 2026, but technical difficulties relating to its EDGAR access codes prevented submission on that date. Those difficulties have been resolved, and the Company is now submitting this report.

Item 2.02. Results of Operations and Financial Condition.

On October 29, 2026, North European Oil Royalty Trust issued a press release via PR Newswire announcing the Trust’s distribution for the fourth 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 October 30, 2026 and disseminated through PR Newswire announcing the distribution for North European Oil Royalty Trust for the fourth 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: November 10, 2026

Exhibit 99

PR NEWSWIRE

NORTH EUROPEAN OIL ROYALTY TRUST

ANNOUNCES THE DISTRIBUTION

FOR THE FOURTH QUARTER OF FISCAL 2026

East Schodack, NY  October 29, 2026 – The Trustees of North European Oil Royalty Trust (NYSE-NRT) announced today a distribution of $0.20 per unit for the fourth quarter of fiscal 2026, as compared to $0.31 for the fourth quarter of fiscal 2025.  This compares to a $0.26 for the third quarter of fiscal 2026.  The $0.20 distribution for the fourth quarter of fiscal 2026 is payable on November 30, 2026 to owners of record on November 17, 2026.

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. Additional details will be available in the Trust’s 10-K filing at the Trust’s website, shown below, or through the SEC’s EDGAR website on or about January 15, 2027.

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. The shutdown of the de-sulfurization plant during the quarter for maintenance resulted in an overpayment of royalties during the fourth quarter of fiscal 2026. This overpayment has generated a negative carry-over, which will reduce the royalty income paid to the Trust in the first fiscal quarter of 2027. As a result, the cash distribution to unit owners for the Trust's first fiscal quarter of 2027 is expected to be decreased.

The cumulative 12-month distribution, which includes the November 2026 distribution and the three prior quarterly distributions, is $0.90 per unit. This 12-month cumulative distribution is 11.1%, or $0.09 per unit, higher than the prior 12-month distribution of $0.81 per unit. The Trust makes quarterly distributions to unit owners to the extent available during the months of February, May, August, and November.

Contact – Edwin Sapienza, Trust Administrator, telephone: (732) 741-4008, email: esapienza@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.

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99 EXHIBIT 99 7.2 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 21.5 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 15.7 KB