KEENE, N.H., April 30, 2025 /PRNewswire/ -- The Trustees of North European Oil Royalty Trust (NYSE-NRT) announced today a distribution of $0.20 per unit for the second quarter of fiscal 2025. This distribution amount matches the $0.20 distribution for the second quarter of fiscal 2024 and is an increase from the $0.04 distribution for the first quarter of fiscal 2025. The $0.20 distribution for the second quarter of fiscal 2025 is payable on May 28, 2025 to owners of record on May 16, 2025. The Trust receives its royalties under the Mobil and OEG Royalty Agreements as detailed in the 2024 10-K on the Trust's website. In accordance with the agreements, the Trust's monthly royalty payments ar

KEENE, N.H., Jan. 31, 2025 /PRNewswire/ -- The Trustees of North European Oil Royalty Trust (NYSE-NRT) announced today a quarterly distribution of $0.04 per unit for the first quarter of fiscal 2025, payable on February 26, 2025 to owners of record on February 14, 2025.  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.  For the quarter ending January 31, 2025, the reduction in the amount of the distribution payable largely resulted from the substantial negative adjustment from calendar 2023 under both the Mobil

KEENE, N.H., Oct. 31, 2024 /PRNewswire/ -- The Trustees of North European Oil Royalty Trust (NYSE-NRT) announced today a quarterly distribution of $0.02 per unit for the fourth quarter of fiscal 2024, payable on November 27, 2024 to owners of record on November 15, 2024.  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.  For the quarter ending October 31, 2024, the reduction in the amount of the distribution payable largely resulted from the carry-over negative adjustments from the prior quarter and the substan

KEENE, N.H., Sept. 16, 2024 /PRNewswire/ -- North European Oil Royalty Trust (NYSE-NRT) today announced the appointments of Richard P. Howard and Andrew S. Borodach as Trustees effective October 1, 2024. Richard P. Howard is a Chartered Financial Analyst and an active investor with more than 47 years of experience in the energy industry. Mr. Howard's professional career included analytical and portfolio management positions with CIGNA, Fidelity Investments, T. Rowe Price Group, Inc., and Prospector Partners Asset Management, LLC.  He was a 50-year charter member of the National Association of Petroleum Investment Analysts. He holds B.S. degrees in welding engineering and industrial engineer

KEENE, N.H., July 31, 2024 /PRNewswire/ -- The Trustees of North European Oil Royalty Trust (NYSE:NRT) announced today a quarterly distribution of $0.21 per unit for the third quarter of fiscal 2024, payable on August 28, 2024 to holders of record on August 16, 2024.  The distribution for the third quarter of fiscal 2023 was also $0.21 per unit.  Distributions are based on actual royalty income received less incurred and anticipated expenses.  The Trust receives its royalties under the Mobil and OEG Royalty Agreements as detailed in the 2023 10-K on the Trust's website.  The Trust's scheduled monthly royalty payments are paid based on the amount of royalties payable to the Trust in the prio

KEENE, N.H., May 20, 2024 /PRNewswire/ -- The Managing Director, on behalf of the Trustees of North European Oil Royalty Trust, reports with regret the death of Willard B. Taylor. Mr. Taylor served as a Director of North European Oil Company and was a Trustee of North European Oil Royalty Trust since its formation in 1975. His calm clarity, poised demeanor, and broad wisdom will be sorely missed. He passed away on Friday, May 17, 2024. John R. Van KirkManaging Director Contact – John R. Van Kirk, Managing Director, telephone: (732) 741-4008, e-mail: [email protected]. The Trust's press releases and other pertinent information are available on the Trust's website: www.neort.com. View

KEENE, N.H., April 30, 2024 /PRNewswire/ -- The Trustees of North European Oil Royalty Trust (NYSE-NRT) announced today a distribution of $0.20 per unit for the second quarter of fiscal 2024, payable on May 29, 2024 to owners of record on May 17, 2024. The Trust receives its royalties under the Mobil and OEG Royalty Agreements as detailed in the 2023 10-K on the Trust's website. The Trust's monthly royalty payments are paid based on the amount of royalties payable to the Trust in the prior quarter. End of quarter royalty adjustments result from the need to align scheduled royalty payments from the operating companies with actual royalties that should have been paid. When actual prices and v

KEENE, N.H., Feb. 15, 2024 /PRNewswire/ -- North European Oil Royalty Trust (NYSE-NRT) (the "Trust") reported its net income for the first quarter of fiscal 2024 which appears in the table below compared to its net income for the first quarter of fiscal 2023. Total royalty income often includes positive and negative adjustments that the operators make during the quarter based upon their adjusted royalty calculations for the prior periods as required by the Mobil and OEG Royalty Agreements. Total royalty income for the first quarter of fiscal 2024 was reduced by prior period negative adjustments of Euros 1,988,530 and increased by Mobil sulfur royalties of $68,205. Total royalty income for th

KEENE, N.H., Jan. 31, 2024 /PRNewswire/ -- The Trustees of North European Oil Royalty Trust (NYSE-NRT) announced today a distribution of $0.05 per unit for the first quarter of fiscal 2024, payable on February 28, 2024 to owners of record on February 16, 2024. The Trust receives its royalties under the Mobil and OEG Royalty Agreements as detailed in the 2023 10-K on the Trust's website. The Trust's monthly royalty payments are paid based on the amount of royalties payable to the Trust in the prior quarter. End of quarter royalty adjustments result from the need to align scheduled royalty payments from the operating companies with actual royalties that should have been paid. When actual pric

KEENE, N.H., Nov. 17, 2023 /PRNewswire/ -- North European Oil Royalty Trust (NYSE-NRT) reported the net income for the fourth quarter of fiscal 2023, which appears below compared with the fourth quarter of fiscal 2022. The absence of royalty income for the fourth quarter of fiscal 2023 resulted in a residual overpayment of a Euro amount equivalent to $733,028 that has not been offset as of the end of the fourth quarter. Additionally, the negative adjustment for calendar 2022 in a Euro amount equivalent to $241,662 has also not been offset as of the end of the fourth quarter. Total royalty income for the fourth quarter of fiscal 2022 includes a positive adjustment for 2021 of $1,550,020. The