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North European Oil Royalty Trust — Fourth Quarter Fiscal 2026 Earnings Summary

  • Q4 fiscal 2026 distribution decreased to $0.20 per unit from $0.31 in the prior year quarter and $0.26 in the prior quarter, though the cumulative 12-month distribution rose 11.1% to $0.90 per unit.
  • An overpayment of royalties in Q4 fiscal 2026, caused by a de-sulfurization plant shutdown for maintenance, created a negative carry-over expected to reduce royalty income and cash distributions in the first fiscal quarter of 2027.
  • Future distributions remain subject to risks including asset depletion, fluctuations in gas production and prices, economic conditions, currency exchange rates, and potential contractual disputes with operating companies.
  • The $0.20 Q4 distribution is payable on November 30, 2026, to unit owners of record on November 17, 2026, with further details on royalty agreements available in the 10-K filing due January 15, 2027.
Company
NORTH EUROPEAN OIL ROYALTY TRUST