earnings
confidence high
sentiment positive
materiality 0.70
NRT Q3 net income $4.29M (+215%); distributions per unit $0.46 (+207%)
NORTH EUROPEAN OIL ROYALTY TRUST
- Q3 net income $4,292,607 vs $1,363,590 (+214.8%); distributions per unit $0.46 vs $0.15 (+206.7%).
- Total royalty income $4,442,665, up 200% on higher gas prices under Mobil and OEG agreements.
- Nine-month net income $10.2M vs $2.67M (+281.6%); distributions per unit $1.09 vs $0.33 (+230%).
- Trust expenses $150,693, up 28.24% due to higher trustee fees per Trust Agreement.
- Distribution of $0.46 per unit payable Aug 31, 2022 to holders of record Aug 19, 2022.