Richard P. Howard
On September 16, 2024, the Trustees of North European Oil Royalty Trust (the "Trust") appointed Richard P. Howard and Andrew S. Borodach as Trustees of the Trust effective October 1, 2024.
Highest-materiality recent filing
NRT declares Q3 distribution of $0.26/unit, up from $0.22 in Q2; cumulative 12-month $1.01
Distribution of $0.26 per unit for Q3 fiscal 2026, same as Q3 fiscal 2025, up from $0.22 in Q2 fiscal 2026.
NRT declares $0.22/unit Q2 distribution, up 10% YoY; 12-month cumulative $1.01 (+115%)
Distribution of $0.22 per unit for Q2 fiscal 2026, payable May 27, 2026 to holders of record May 13, 2026.
Trustees re-elected and advisory compensation vote passes at annual meeting
Andrew S. Borodach, Ahron H. Haspel, Richard P. Howard, and Nancy J.F. Prue elected trustees with votes ranging from 1.69M to 1.91M for.
NRT announces Q1 fiscal 2026 distribution of $0.22/unit, up from $0.04/unit YoY
Distribution of $0.22/unit for fiscal Q1 2026, payable Feb 25, 2026 to holders of record Feb 13, 2026.
North European Oil Royalty Trust MD Van Kirk retires; Floyd Prue named interim MD
John R. Van Kirk retires as Managing Director effective January 30, 2026, after over 35 years.
North European Oil Royalty Trust Q4 distribution $0.31/unit, up from $0.02 YoY
Q4 fiscal 2025 distribution of $0.31/unit, payable Nov 26, 2025 to holders of record Nov 14, 2025.
NRT increases quarterly distribution to $0.26 per unit, up from $0.21 year ago
Q3 fiscal 2025 distribution of $0.26/unit payable Aug 27, 2025 to holders of record Aug 15, 2025.
NRT declares Q2 FY2025 distribution of $0.20/unit, up from $0.04 Q1
Distribution of $0.20 per unit for Q2 fiscal 2025 matches Q2 FY2024 and quadruples Q1 FY2025's $0.04.
Annual meeting elects all five trustees, approves advisory compensation
Nancy J. Floyd Prue elected with 1,607,795 for, 207,369 withheld.
Quarterly distribution of $0.04 per unit payable Feb 26, 2025 to holders of record Feb 14, 2025.
Q4 distribution $0.02/unit, payable Nov 27, record Nov 15.
NRT appoints Howard to Audit Committee, Borodach to Compensation Committee
Appointment effective October 22, 2024 filling prior disclosure gap.
Richard P. Howard, CFA, brings 47+ years of energy industry experience; former roles at CIGNA, Fidelity, T. Rowe Price.
NRT declares Q3 FY2024 distribution of $0.21 per unit, unchanged YoY
Quarterly distribution of $0.21 per unit, payable Aug 28, 2024 to holders of record Aug 16, 2024.
North European Oil Royalty Trust appoints Forvis Mazars as auditor after Mazars merger
Mazars USA LLP resigned as auditor effective June 1, 2024, as its partners/employees joined FORVIS LLP.
NRT declares $0.20/unit distribution for Q2 fiscal 2024
Distribution of $0.20 per unit for Q2 fiscal 2024, payable May 29, 2024 to holders of record May 17, 2024.
North European Oil Royalty Trust announces annual meeting voting results; all trustees elected
Annual Meeting held Feb 21, 2024; 1,984,105 units represented via proxy.
North European Oil Royalty Trust Q1 net income down 98.1% to $179K; distribution cut to $0.05/unit
Total royalty income of $424,910, down 95.6% YoY from $9.77M, impacted by €1.99M negative prior-period adjustments.
North European Oil Royalty Trust declares $0.05/unit distribution for Q1 fiscal 2024
Distribution of $0.05 per unit for Q1 fiscal 2024, payable Feb 28, 2024 to holders of record Feb 16, 2024.
North European Oil Royalty Trust Q4 net loss of $157,959; zero distribution vs $0.74 prior
Total royalty income for Q4 FY2023 was negative $576 due to no income and currency loss; prior year was $7.0M.
No Q4 FY2023 distribution; Q4 FY2022 was $0.74/unit.
NRT Q3 net income falls 46.6%; Q4 distribution eliminated due to royalty overpayment
Q3 net income $2.29M, down 46.6% YoY from $4.29M; distribution per unit halved to $0.21.
North European Oil Royalty Trust Q3 distribution cut to $0.21/unit; expects no Q4 distribution
Quarterly distribution of $0.21/unit for Q3 FY2023, down 54.35% from $0.46/unit in Q3 FY2022.
Q2 FY2023 net income $9.50M vs $3.56M a year ago, up 167%.
North European Oil Royalty Trust (NRT) Reports $1.05/Unit Q2 Distribution, Warns of Q3 Drop
Distribution of $1.05 per unit for Q2 fiscal 2023, payable May 31 to holders of record May 19.
North European Oil Royalty Trust names Nancy Floyd Prue as Managing Trustee; Adelman retires
Robert P. Adelman retired as Managing Trustee March 13, 2023; will retire as active Trustee April 30, 2023.
Trustees re-elected, advisory votes approved at annual meeting
All five trustee nominees elected: Adelman, Haspel, Kobrin, Prue, Taylor with >2.2M votes each.
NRT Q1 net income surges 305% to $9.54M; distribution $1.00/unit
Total royalty income $9.77M, up 283.5% YoY from $2.55M.
Quarterly distribution of $1.00 per unit payable on February 28, 2023 to record holders on February 17, 2023.
North European Oil Royalty Trust Q4 net income up 428% to $6.88M; dividend $0.74/unit
Q4 FY2022 total royalty income $7.04M, +389% YoY; net income $6.88M, +428%.
NRT Q4 distribution $0.74/unit, up 428.6% YoY; cumulative FY2022 $1.83
Distribution of $0.74 per unit for Q4 fiscal 2022, payable Nov 30, record Nov 18.
NRT Q3 net income $4.29M (+215%); distributions per unit $0.46 (+207%)
Q3 net income $4,292,607 vs $1,363,590 (+214.8%); distributions per unit $0.46 vs $0.15 (+206.7%).
North European Oil Royalty Trust declares Q3 FY2022 distribution of $0.46/unit, up 207% YoY
Distribution of $0.46 per unit for Q3 fiscal 2022, payable Aug 31, 2022 to holders of record Aug 19, 2022.
North European Oil Royalty Trust Q2 net income jumps 197% to $3.56M; distribution $0.38/unit
Net income of $3.56M vs $1.20M YoY; distribution $0.38/unit, up 171% from $0.14.
North European Oil Royalty Trust declares Q2 distribution of $0.38/unit, up 171% YoY
Quarterly distribution $0.38 per unit (vs $0.14 in Q2 FY2021), payable May 25, 2022 to holders of record May 13, 2022.
All five trustees re-elected at Feb 16 annual meeting; vote tallies: Adelman 2,390,344 for, Haspel 2,444,467, Kobrin 1,927,107, Prue 2,450,516, Taylor 2,438,828.
North European Oil Royalty Trust Q1 net income surges 2,003% to $2.35M
Total royalty income $2.55M, +798% YoY, driven by higher gas prices and sales.
NRT declares $0.25/unit Q1 distribution, up 525% from $0.04 YoY; cumulative 12-month $0.68
Q1 FY2022 distribution of $0.25/unit payable Feb 23, 2022 to record Feb 11, 2022.
NRT reports Q4 FY2021 net income up 495.79% to $1.30M; distribution $0.14 per unit
Q4 FY2021 royalty income $1.44M (+312.48% YoY), net income $1.30M (+495.79%), distributions $0.14/unit (+600%).
North European Oil Royalty Trust declares $0.14 quarterly distribution, up 600% YoY
Q4 fiscal 2021 distribution of $0.14/unit payable Nov 24, 2021 to holders of record Nov 12, 2021.
Q3 total royalty income $1.48M, +5.81% YoY; net income $1.36M, +6.69% YoY.
North European Oil Royalty Trust raises Q3 distribution to $0.15/unit, up 36% YoY
Quarterly distribution of $0.15 per unit for Q3 fiscal 2021, payable August 25, 2021 to holders of record August 13, 2021.
On September 16, 2024, the Trustees of North European Oil Royalty Trust (the "Trust") appointed Richard P. Howard and Andrew S. Borodach as Trustees of the Trust effective October 1, 2024.
On September 16, 2024, the Trustees of North European Oil Royalty Trust (the "Trust") appointed Richard P. Howard and Andrew S. Borodach as Trustees of the Trust effective October 1, 2024.
retirement of Robert P. Adelman, the Trust's Managing Trustee, effective March 13, 2023
his retirement as an active Trustee as of April 30, 2023
Nancy J. Floyd Prue will assume the role of Managing Trustee.
Max materiality 0.90 · Median 0.62 · Most common event dividend