North European Oil Royalty Trust(NRT)
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North European Oil Royalty Trust(NRT) - 2024 Q4 - Annual Report
2024-12-31 15:23
Gas Sales and Prices - Gas sales under the Mobil Agreement increased by 1.2% to 12.592 billion cubic feet in fiscal 2024 compared to 12.439 billion cubic feet in fiscal 2023[84] - Gas sales under the OEG Agreement decreased by 4.5% to 42.918 billion cubic feet in fiscal 2024 from 44.944 billion cubic feet in fiscal 2023[86] - Average gas prices under the OEG Agreement decreased by 55.4% to 3.7929 Euro cents/kWh in fiscal 2024 from 8.4965 Euro cents/kWh in fiscal 2023[87] - The average gas price under the Mobil Agreement decreased by 51.1% to $11.52 per thousand cubic feet in fiscal 2024 from $23.54 per thousand cubic feet in fiscal 2023[85] Financial Performance - The Trust's cash and cash equivalents increased to $1,625,343 in 2024 from $795,201 in 2023[139] - Royalties received decreased to $5,785,303 in fiscal 2024 from $22,016,103 in fiscal 2023[145] - Net income decreased to $5,057,813 in fiscal 2024 from $21,173,515 in fiscal 2023[143] - Distributions paid decreased to $4,411,483 in fiscal 2024 from $20,770,734 in fiscal 2023[143] Adjustments and Exchange Rates - Negative adjustments for calendar 2023 under the OEG and Mobil agreements were $1,000,143 and $1,619,368, respectively[83] - The average Euro/U.S. dollar exchange rate for fiscal 2024 was 1.0834, unchanged from fiscal 2023[85]
North European Oil Royalty Trust(NRT) - 2024 Q3 - Quarterly Results
2024-11-01 13:21
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Delaware 1-8245 22-2084119 State or Other Jurisdiction (Commission (I.R.S. Employer of Incorporation File Number) Identification No.) 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 31, 2024 North European Oil Royalty Trust (Exact Name of Registrant as Specified in Charter) 5 N. Lincoln Street, Keene, NH 03431 (Address of Principal Exe ...
NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES THE DISTRIBUTION FOR THE FOURTH QUARTER OF FISCAL 2024
Prnewswire· 2024-10-31 20:16
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 ...
NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES THE APPOINTMENT OF TWO NEW TRUSTEES
Prnewswire· 2024-09-16 20:15
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 ...
North European Oil Royalty Trust(NRT) - 2024 Q3 - Quarterly Report
2024-08-30 15:32
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2024 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 1-8245 NORTH EUROPEAN OIL ROYALTY TRUST (Exact Name of Registrant as Specified in its Charter) Delaware 22-2084119 State or Oth ...
North European Oil Royalty Trust(NRT) - 2024 Q2 - Quarterly Results
2024-08-01 10:27
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Delaware 1-8245 22-2084119 State or Other Jurisdiction (Commission (I.R.S. Employer of Incorporation File Number) Identification No.) 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): July 31, 2024 NORTH EUROPEAN OIL ROYALTY TRUST (Exact Name of Registrant as Specified in Charter) 5 N. Lincoln Street, Keene, NH 03431 (Address of Principal Execut ...
NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES THE DISTRIBUTION FOR THE THIRD QUARTER OF FISCAL 2024
Prnewswire· 2024-07-31 20:15
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 A ...
North European Oil Royalty Trust(NRT) - 2024 Q2 - Quarterly Report
2024-05-31 14:12
For the quarterly period ended April 30, 2024 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 1-8245 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 NORTH EUROPEAN OIL ROYALTY TRUST (Exact name of registrant as specified in its charter) Delaware 22-2084119 incorporati ...
North European Oil Royalty Trust(NRT) - 2024 Q1 - Quarterly Report
2024-02-29 15:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2024 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 1-8245 NORTH EUROPEAN OIL ROYALTY TRUST (Exact Name of Registrant as Specified in its Charter) of Incorporation or Organizat ...
North European Oil Royalty Trust(NRT) - 2023 Q4 - Annual Report
2023-12-29 15:47
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended October 31, 2023 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 1-8245 NORTH EUROPEAN OIL ROYALTY TRUST (Exact Name of Registrant as Specified in Its Charter) Delaware 22-2084119 State or Other Jurisdiction ...