North European Oil Royalty Trust FY26 Q3 net income rises 0.6% to USD 2.47 million; revenue climbs 0.9% to USD 2.64 million
NRT•Nine-month results improved
Nine-month net income climbed 29.3% to USD 6.47 million, while royalties received increased 29.4% to USD 7.24 million.
Royalty mix and income details
Sulfur royalties rose to USD 245,217 from USD 141,182; interest income fell to USD 15,164 from USD 25,220.
Quarterly net income and revenue edge higher
North European Oil Royalty Trust posted net income of USD 2.47 million for the quarter ended July 31, up 0.6% year over year.
Gas, sulfur and oil royalties received edged up 0.9% to USD 2.64 million; distribution held at USD 0.26 per unit.
Trustees cite higher sulfur prices and no negative adjustment
Trustees cited the absence of a USD 2.57 million negative adjustment and higher sulfur prices; plant maintenance shutdown starts Aug. 1 for about 50 days.
