Business
NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES THE DISTRIBUTION FOR THE FIRST QUARTER OF FISCAL 2026
The Trustees of North European Oil Royalty Trust (NYSE-NRT) announced today a quarterly distribution of $0.22 per unit for the first quarter of fiscal 2026, payable on February 25, 2026 to owners of record on February 13, 2026. This compares to a distribution of $0.04 per unit for the first quarter of fiscal 2025.
About this update from North European Oil Royality Trust
[{"type":"text","content":"EAST SCHODACK, N.Y., Jan. 30, 2026 /PRNewswire/ -- The Trustees of North European Oil Royalty Trust (NYSE-NRT) announced today a quarterly distribution of $0.22 per unit for the first quarter of fiscal 2026, payable on February 25, 2026 to owners of record on February 13, 2026. This compares to a distribution of $0.04 per unit for the first quarter of fiscal 2025.","length":366,"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 first quarter distribution results primarily from the lack of negative adjustments. The remaining balance of the negative adjustments from calendar 2023 totaling $1,754,661 impacted the 2025 first quarter distribution. For the first quarter of fiscal 2026, there were positive end-of-quarter adjustments of $30,820 and $51,072 and a positive Mobil sulfur payment of $79,183. Further details will be available in the 10-Q scheduled to be released on or about February 27, 2026.","length":855,"tagName":"p"},{"type":"text","content":"The cumulative 12-month distribution, which includes the January 2026 distribution and the three prior quarterly distributions, is $0.99 per unit. This 12-month cumulative distribution is 111%, or $0.52 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.","length":388,"tagName":"p"},{"type":"text","content":"Contact – Nancy J. Floyd Prue, Managing Trustee, 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":226,"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 expectations and ...