#United States #Keene #North European Oil Royalty Trust #OEG Royalty Agreements #Mobil Royalty Payments

Overview of the Distribution Announcement

On July 31, 2025, the Trustees of the North European Oil Royalty Trust (NYSE: NRT) revealed a distribution of $0.26 per unit for the third fiscal quarter of 2025. This marks an increase compared to the distribution amount of $0.21 per unit from the same period last year. This rise signifies a healthy trajectory for the Trust as it aligns the distribution with actual royalty income received against incurred expenses.

Details of the Distribution

The distribution, scheduled for payment on August 27, 2025, will be made to shareholders who are on record by August 15, 2025. This timely notice enables investors to evaluate their holdings and plan accordingly. As an entity that primarily derives its income from royalties related to oil and gas interests, the Trust reports its distributions based on actual royalty income, deducting both incurred and anticipated expenses.

According to the Trust’s operational agreements, the royalties received stem from the Mobil and OEG Royalty Agreements. These agreements are thoroughly detailed in the Trust's 2024 10-K filing, available on its website. It is essential to understand that distributions are also influenced by end-of-quarter adjustments which reconcile the scheduled payments with the actual royalties expected from prior reporting periods.

Factors Influencing the Royalty Payments

At the conclusion of the third quarter of fiscal 2025, the net royalty payment recorded amounted to $31,235. This figure took into account a minor negative adjustment of €8,705 associated with the OEG agreement, which will be deducted from future payments in the forthcoming fourth quarter of fiscal 2025. Furthermore, the anticipated royalty payments for that fourth quarter are currently projected at $2.6 million, a figure calculated using the current exchange rate of 1.1755. Actual income from this royalty will ultimately depend on the exchange rate at the time of fund transfer.

Expected Adjustments and Future Considerations

As we approach the end of fiscal 2025, various factors could influence future distributions, including potential royalty adjustments from 2024 that may arise in September and additional end-of-quarter adjustments expected after October 2025. All expenses incurred in the quarter will be subtracted from the gross royalty income before calculating the final distribution amount. Shareholders are encouraged to keep an eye on the Trust’s 10-Q filing, set to be made available around August 29, 2025, for further granular details.

Contact Information

For additional inquiries regarding the announcement and the Trust’s financial operations, John R. Van Kirk, Managing Director, can be reached at (732) 741-4008 or via email at [email protected].

Forward-Looking Statements

This announcement contains forward-looking statements that reflect the Trust’s expectations about future events and conditions. Such statements incorporate various risks and uncertainties that could lead to actual outcomes differing significantly from those anticipated, including market conditions for gas prices, production levels, and potential operating challenges.

Investors should be aware that ongoing geopolitical tensions, particularly those stemming from Russia's invasion of Ukraine, may also impact operational performance and revenue generation. As with all investment opportunities, caution and due diligence are recommended.

Conclusion

In conclusion, the North European Oil Royalty Trust’s announcement of a quarterly distribution of $0.26 per unit for Q3 2025 provides a positive outlook for investors. It highlights the steady growth and careful management of royalty distributions, which are critical for maintaining investor confidence in the Trust’s future prospects.