North European Oil Royalty Trust (NRT)
Collects German oil and gas royalties for unit owners.
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Holds overriding royalty rights on gas, oil, condensate, and sulfur sales from the Oldenburg concession in northwestern Germany. This passive grantor trust collects royalties, covers administrative expenses, and distributes the balance to unit owners.
Holds overriding royalty rights tied to gas, oil, condensate, and sulfur sales from the Oldenburg concession in Lower Saxony, Germany. Mobil Erdgas-Erdöl and Oldenburgische Erdölgesellschaft operate the fields; the Trust does not drill wells or run field operations.
Revenue comes through the Mobil and OEG royalty agreements, which apply different formulas to production and sales in the concession. The Trust collects and verifies those royalties, reserves for administrative expenses, and distributes the remaining cash to its unit owners.
Its economic activity is concentrated in that single German concession and depends on the operators' production, drilling activity, and the applicable royalty price formulas.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jul 31, 2026Cash & short-term investments $4.4M · Total debt $0 · Total assets $4.4M · Shareholders' equity $2.0M
- Revenue
- $2.7M
- Operating income
- $2.5M
- Net income
- $2.5M
HistoryDividendAnnual yield
| Institutions | 7.59% | 697.3K shares | |
|---|---|---|---|
| 30 holders · as of Jun 30, 2026 | |||
| Other | 92.41% | 8.49M shares | |
| remainder | |||
9.19M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Marshall Wace, LLPInstitution | 2.40% | 220,995 | as of Jun 30, 2026 |
Morgan StanleyInstitution | 0.92% | 84,264 | as of Jun 30, 2026 |
Cambridge Investment Research Advisors, Inc.Institution | 0.76% | 70,049 | as of Jun 30, 2026 |
Washington Trust Advisors, Inc.Institution | 0.58% | 53,432 | as of Jun 30, 2026 |
LPL Financial LLCInstitution | 0.44% | 40,012 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 17, 2026 | Richard Page Howard | other: Trustee | −25,000 | $8.62 |
- Permian Basin Royalty Trust
Texas oil-and-gas royalty trust with net overriding interests
- Sabine Royalty Trust
Multi-state oil-and-gas royalty and mineral interests
- San Juan Basin Royalty Trust
San Juan Basin trust holding a net overriding royalty
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| North European Oil Royalty Trust | $8.72 | −0.57% | $80.6M | 8.6 | — | 7.8 | +0.6% |
| Permian Basin Royalty Trust | $33.33 | +0.21% | $1.55B | 94.9 | — | 87.6 | +34.4% |
| Sabine Royalty Trust | $72.88 | +0.71% | $1.05B | 14.8 | — | 14.1 | +16.7% |
| San Juan Basin Royalty Trust | $3.03 | +1.68% | $138.9M | — | — | 132,406.3 | −93.8% |
| Median | 54.9 | — | 87.6 | +16.7% |