North European Oil Royalty Trust cuts Q4 distribution to $0.20/unit from $0.31 a year ago

NORTH EUROPEAN OIL ROYALTY TRUST

Q4 fiscal 2026 distribution of $0.20 per unit vs $0.31 in Q4 fiscal 2025 and $0.26 in Q3 fiscal 2026; payable November 30, 2026 to holders of record November 17, 2026.
Trust cites a de-sulfurization plant shutdown for maintenance during the quarter that caused a royalty overpayment, creating a negative carry-over.
That negative carry-over is expected to reduce royalty income and lower the cash distribution for the first fiscal quarter of 2027.
Cumulative 12-month distribution, including the November 2026 payment and three prior quarters, is $0.90 per unit — 11.1%, or $0.09, above the prior $0.81.
Royalties flow from the Mobil and OEG Royalty Agreements; the 10-K with full detail is expected on or about January 15, 2027.

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