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

North European Oil Royalty Trust announced a fourth-quarter fiscal 2026 distribution of $0.20 per unit, payable on November 30, 2026, to shareholders of record as of November 17, 2026. This amount represents a decrease from the $0.31 per unit distributed in the fourth quarter of fiscal 2025 and the $0.26 per unit distributed in the third quarter of fiscal 2026. A maintenance shutdown of the de-sulfurization plant caused an overpayment of royalties during the quarter, creating a negative carry-over that is expected to reduce the first fiscal quarter of 2027 distribution. The cumulative 12-month distribution total reached $0.90 per unit, which is $0.09 higher than the previous 12-month period.

Company
NORTH EUROPEAN OIL ROYALTY TRUST