Business
NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES THE DISTRIBUTION FOR THE FOURTH QUARTER OF FISCAL 2025
The Trustees of North European Oil Royalty Trust (NYSE: NRT) announced today a quarterly distribution of $0.31 per unit for the fourth quarter of fiscal 2025, payable on November 26, 2025 to owners of record on November 14, 2025. This compares to a distribution of $0.02 per unit for the fourth quarter of fiscal 2024.
About this update from North European Oil Royality Trust
[{"type":"text","content":"KEENE, N.H., Oct. 31, 2025 /PRNewswire/ -- The Trustees of North European Oil Royalty Trust (NYSE: NRT) announced today a quarterly distribution of $0.31 per unit for the fourth quarter of fiscal 2025, payable on November 26, 2025 to owners of record on November 14, 2025. This compares to a distribution of $0.02 per unit for the fourth quarter of fiscal 2024.","length":361,"tagName":"p"},{"type":"text","content":"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. Adjustments to the scheduled payments occur when scheduled payments differ from actual results. The significant increase in the year-over-year fourth quarter distribution results primarily from the lack of negative adjustments. The large carry over negative adjustments from both the third quarter of fiscal 2024 and the calendar 2023 negative adjustment totaling $3,395,332 impacted the 2024 fourth quarter distribution. For the quarter ending October 31, 2025, there was a small negative adjustment of $10,152 from the prior quarter. Further details will be available in the 10-K scheduled to be released on or about December 31, 2025.","length":873,"tagName":"p"},{"type":"text","content":"The cumulative 12-month distribution, which includes the November 2025 distribution and the three prior quarterly distributions, is $0.81 per unit. This 12-month cumulative distribution is 69%, or $0.33 per unit, higher than the prior 12-month distribution of $0.48 per unit. The Trust makes quarterly distributions to unit owners during the months of February, May, August, and November.","length":388,"tagName":"p"},{"type":"text","content":"Contact – John R. Van Kirk, Managing Director, telephone: (732) 741-4008, email: [email protected]. The Trust's press releases and other pertinent information are available on the Trust's website: www.neort.com.","length":225,"tagName":"p"},{"type":"text","content":"Forward-Looking Statements","length":26,"tagName":"p"},{"type":"text","content":"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 expec...