North European Oil Royalty Trust (N:NRT)
Business Focus: Oil & Gas Exploration and Production
Insider Filings
Latest 10 SEC Form 4 filings for NRT*US within the last 6 months
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Company News
Feb 15, 2024 15:15 ET
NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES THE NET INCOME FOR THE FIRST QUARTER OF FISCAL 2024
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 adjustme
Jan 31, 2024 15:15 ET
NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES THE DISTRIBUTION FOR THE FIRST QUARTER OF FISCAL 2024
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.
Valuation Ratios
Industry
Sector
Beta
0.87
--
--
Price to Sales - TTM
4.95
2.10
1.64
Price to Book - most recent quarter
121.77
1.26
1.49
Price to Cash Flow per share - TTM
--
5.61
6.39
Price to Free Cash Flow per share - TTM
--
17.88
16.91
Business Summary
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
North European Oil Royalty Trust (the Trust) is a grantor trust which, on behalf of the owners of units of beneficial interest in the Trust (the unit owners), holds overriding royalty rights covering gas and oil production in certain concessions or leases in the Federal Republic of Germany. The rights are held under contracts with local German exploration and development subsidiaries of ExxonMobil Corp. (ExxonMobil) and the Royal Dutch/Shell Group of Companies (Royal Dutch/Shell Group). Under these contracts, the Trust receives various percentage royalties on the proceeds of the sales of certain products from the areas involved. Its royalties are received for sales of gas well gas, oil well gas, crude oil, condensate and sulfur. The Trust conducts no active business operations and is restricted to collection of income from royalty rights and distribution to unit owners of the net income after payment of administrative and related expenses.
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