NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES THE DISTRIBUTION FOR THE FOURTH QUARTER OF FISCAL 2026
Key Highlights
- ➤NRT sets fourth-quarter fiscal 2026 distribution at $0.20 per unit
- ➤Fourth-quarter distribution falls from $0.31 year-over-year and $0.26 sequentially
- ➤Maintenance shutdown caused royalty overpayment and a negative carry-over
- ➤First fiscal-quarter 2027 cash distribution is expected to decrease
- ➤Trailing 12-month distribution rises 11.1% to $0.90 per unit
Expert Statements
Edwin Sapienza, Trust Administrator of North European Oil Royalty Trust
“The shutdown of the de-sulfurization plant during the quarter for maintenance resulted in an overpayment of royalties during the fourth quarter of fiscal 2026.”
Edwin Sapienza, Trust Administrator of North European Oil Royalty Trust
“This overpayment has generated a negative carry-over, which will reduce the royalty income paid to the Trust in the first fiscal quarter of 2027.”
Edwin Sapienza, Trust Administrator of North European Oil Royalty Trust
“As a result, the cash distribution to unit owners for the Trust's first fiscal quarter of 2027 is expected to be decreased.”
NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES THE DISTRIBUTION FOR THE FOURTH QUARTER OF FISCAL 2026 PR Newswire
EAST SCHODACK, N.Y., Oct. 29, 2026 /PRNewswire/ -- The Trustees of North European Oil Royalty Trust (NYSE: NRT) announced today a distribution of $0.20 per unit for the fourth quarter of fiscal 2026, as compared to $0.31 for the fourth quarter of fiscal 2025. This compares to a $0.26 for the third quarter of fiscal 2026. The $0.20 distribution for the fourth quarter of fiscal 2026 is payable on November 30, 2026 to owners of record on November 17, 2026.
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