North European Oil Royalty Trust Announces The Net Income For The Fourth Quarter Of Fiscal 2019
North European Oil Royality Trust (NRT)
US:NYSE Investor Relations:
neort.com/investors.html
Company Research
Source: PR Newswire
RED BANK, N.J., Nov. 15, 2019 /PRNewswire/ -- North European Oil Royalty Trust (NYSE-NRT) reported the net income for the fourth quarter of fiscal 2019 which appears below compared with the fourth quarter of fiscal 2018. Total royalty income includes adjustments made by the operating companies based upon their corrected royalty calculations for prior periods. 4th Fiscal Quarter Ended 10/31/2019 4th Fiscal Quarter Ended 10/31/2018PercentageChangeTotal Royalty Income$1,660,135$1,474,191+ 12.61%Net Income$1,516,063$1,324,902+ 14.43%Distributions per Unit$0.16$0.15+ 6.67% The Trust receives nearly all of its royalties under two royalty agreements. The Mobil Agreement, the higher royalty rate agreement, covers gas sales from the western half of the Oldenburg concession. The OEG Agreement, the lower royalty rate agreement, covers gas sales from the entire Oldenburg concession. The factors determining the amount of gas royalties payable under the two agreements from the preceding ca
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NRT
Sec Filings
- 11/1/24 - Form 8-K
- 10/23/24 - Form 8-K/A
- 10/2/24 - Form 3
- NRT's page on the SEC website