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NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES THE DISTRIBUTION FOR THE FIRST QUARTER OF FISCAL 2026
Prnewswire· 2026-01-30 21:16
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. In accordance with the agreements between the Trust and the operating companies, the Trust's monthly scheduled royalty payments are paid based on ...
PrairieSky Announces Third Quarter 2025 Results
Globenewswire· 2025-10-20 20:01
Core Insights - PrairieSky Royalty Ltd. reported a strong performance in Q3 2025, with oil royalty production volumes increasing by 11% compared to Q3 2024, averaging 14,127 barrels per day [4][6] - The company generated total royalty production revenue of $107.7 million, contributing to funds from operations of $90.0 million, or $0.38 per share, despite a 3% decrease from Q3 2024 due to lower benchmark pricing [5][6] - PrairieSky declared a dividend of $0.26 per share, totaling $60.5 million, with a payout ratio of 67% [6][7] Financial Performance - Total revenues for Q3 2025 reached $114.8 million, including $7.1 million from other revenues, which included $4.8 million from new leasing arrangements [5][6] - Oil royalty production revenue decreased by 3% from Q3 2024, while natural gas royalty production revenue fell by 4% due to lower production volumes and challenging pricing [5][6] - Net debt increased to $281.7 million, up by $39.7 million from June 30, 2025 [6][7] Operational Highlights - The company averaged total royalty production of 25,687 BOE per day, a 5% increase over Q3 2024 [5][6] - There were 201 wells spud on PrairieSky's royalty acreage during the quarter, with a majority being oil wells [8] - Multilateral horizontal drilling contributed significantly, with a record 105 multilateral wells spud in the quarter [4][8] Director Appointment - Ian Dundas has been appointed to the Board of Directors effective January 1, 2026, bringing over 25 years of experience in the oil and gas industry [3][9] Future Outlook - The company anticipates continued growth in royalty production driven by ongoing activity in the Duvernay and Clearwater plays [21]
Dorchester Minerals: Very High-Yield Oil Royalty With Zero Debt
Seeking Alpha· 2025-10-11 07:51
Core Insights - The analyst has over 10 years of experience researching more than 1000 companies across various sectors including commodities and technology, indicating a broad expertise in investment analysis [1] Group 1: Company Research - The focus of the research includes sectors such as metals and mining, consumer discretionary/staples, REITs, and utilities, showcasing a diverse range of interests [1] Group 2: Investment Approach - The analyst has transitioned from writing a blog to creating a value investing-focused YouTube channel, reflecting a shift in strategy to reach a wider audience [1]