{"id":381113,"date":"2020-11-13T16:18:34","date_gmt":"2020-11-13T21:18:34","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=381113"},"modified":"2020-11-13T16:18:34","modified_gmt":"2020-11-13T21:18:34","slug":"north-european-oil-royalty-trust-announces-the-net-income-for-the-fourth-quarter-of-fiscal-2020","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/north-european-oil-royalty-trust-announces-the-net-income-for-the-fourth-quarter-of-fiscal-2020\/","title":{"rendered":"North European Oil Royalty Trust Announces The Net Income For The Fourth Quarter Of Fiscal 2020"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">KEENE, N.H.<\/span>, <span class=\"xn-chron\">Nov. 13, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0North European Oil Royalty Trust (NYSE: NRT) reported the net income for the fourth quarter of fiscal 2020 which appears below compared with the fourth quarter of fiscal 2019. \u00a0Total royalty income for the fourth quarter of fiscal 2020 includes negative adjustments made by the operating companies based upon their corrected royalty calculations for the preceding quarter, &#8211;<span class=\"xn-money\">$443,014<\/span>, and for the 2019 fiscal year, &#8211;<span class=\"xn-money\">$254,369<\/span>.<\/p>\n<div class=\"prntal\">\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">4th Fiscal Quarter<br \/><\/span><br \/>\n                <span class=\"prnews_span\">Ended 10\/31\/2020<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">4th Fiscal Quarter<br \/><\/span><br \/>\n                <span class=\"prnews_span\">Ended 10\/31\/2019<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Percentage<\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Change<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Total Royalty Income<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$348,614<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$1,660,135<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-79.00%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Net Income<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$218,649<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$1,516,063<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-85.58%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Distributions per Unit<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$0.02<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$0.16<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-87.50%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>The decline in total royalty income received for fiscal 2020 resulted to a large extent from the impact of COVID-19 and the associated economic disruption.\u00a0 The Trust received negative adjustments in fiscal 2020 which decreased royalty income by <span class=\"xn-money\">$653,916<\/span>, whereas in fiscal 2019 the Trust received positive adjustments which increased royalty income by <span class=\"xn-money\">$225,450<\/span>.\u00a0 Under the Mobil Agreement for fiscal 2020, gas prices, gas sales and average exchange rates showed percentage changes of -30.10%, -15.87% and -0.73%, respectively, in comparison to fiscal 2019.\u00a0 Under the OEG Agreement for fiscal 2020, gas prices, gas sales and average exchange rates showed percentage changes of -29.91%, -16.55% and -0.99%, respectively, in comparison to fiscal 2019.\u00a0 The comparison of the relevant periods is shown below.<\/p>\n<div class=\"prntal\">\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Fiscal Year<\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0 Ended 10\/31\/2020<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Fiscal Year<br \/><\/span><br \/>\n                <span class=\"prnews_span\">Ended 10\/31\/2019<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Percentage<\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Change<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Total Royalty Income<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$4,050,017<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$8,344,712<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-51.47%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Net Income<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$3,286,363<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$7,578,065<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-56.63%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Distributions per Unit<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$0.32<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$0.82<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-60.98%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>The 2020 Annual Meeting is scheduled to begin at <span class=\"xn-chron\">11:00 a.m.<\/span> on <span class=\"xn-chron\">February 17<\/span>, 2021.\u00a0 The first part of the meeting will consist of an informal question and answer period held via Zoom.\u00a0 The second part, which will constitute the formal annual meeting, will be for purposes of voting on the proposals presented in the proxy statement.\u00a0 Further details will be provided in the Notice of Annual Meeting of Unit Owners which is being mailed in early January.<\/p>\n<p>The previously declared distribution of <span class=\"xn-money\">2 cents<\/span> per unit will be paid on <span class=\"xn-chron\">November 25, 2020<\/span> to owners of record as of <span class=\"xn-chron\">November 13<\/span>, 2020.\u00a0 For further information contact <span class=\"xn-person\">John R. Van Kirk<\/span>, Managing Director, at (732) 741-4008 or via e-mail at <a target=\"_blank\" href=\"mailto:jvankirk@neort.com.\" rel=\"nofollow noopener noreferrer\">jvankirk@neort.com.<\/a> \u00a0The Trust&#8217;s press releases, along with other pertinent information, are available on the Trust&#8217;s website: <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2981423-1&amp;h=1618062440&amp;u=http%3A%2F%2Fwww.neort.com.%2F&amp;a=www.neort.com.\" rel=\"nofollow noopener noreferrer\">www.neort.com.<\/a><\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH91380&amp;sd=2020-11-13\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/north-european-oil-royalty-trust-announces-the-net-income-for-the-fourth-quarter-of-fiscal-2020-301172913.html\">http:\/\/www.prnewswire.com\/news-releases\/north-european-oil-royalty-trust-announces-the-net-income-for-the-fourth-quarter-of-fiscal-2020-301172913.html<\/a><\/p>\n<p>SOURCE  North European Oil Royalty Trust<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=PH91380&amp;Transmission_Id=202011131615PR_NEWS_USPR_____PH91380&amp;DateId=20201113\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire KEENE, N.H., Nov. 13, 2020 \/PRNewswire\/ &#8212;\u00a0North European Oil Royalty Trust (NYSE: NRT) reported the net income for the fourth quarter of fiscal 2020 which appears below compared with the fourth quarter of fiscal 2019. \u00a0Total royalty income for the fourth quarter of fiscal 2020 includes negative adjustments made by the operating companies based upon their corrected royalty calculations for the preceding quarter, &#8211;$443,014, and for the 2019 fiscal year, &#8211;$254,369. 4th Fiscal Quarter Ended 10\/31\/2020 4th Fiscal Quarter Ended 10\/31\/2019 Percentage Change Total Royalty Income $348,614 $1,660,135 -79.00% Net Income $218,649 $1,516,063 -85.58% Distributions per Unit $0.02 $0.16 -87.50% The decline in total royalty income received for fiscal 2020 resulted to a large extent from the impact &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/north-european-oil-royalty-trust-announces-the-net-income-for-the-fourth-quarter-of-fiscal-2020\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;North European Oil Royalty Trust Announces The Net Income For The Fourth Quarter Of Fiscal 2020&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-381113","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>North European Oil Royalty Trust Announces The Net Income For The Fourth Quarter Of Fiscal 2020 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/north-european-oil-royalty-trust-announces-the-net-income-for-the-fourth-quarter-of-fiscal-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"North European Oil Royalty Trust Announces The Net Income For The Fourth Quarter Of Fiscal 2020 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire KEENE, N.H., Nov. 13, 2020 \/PRNewswire\/ &#8212;\u00a0North European Oil Royalty Trust (NYSE: NRT) reported the net income for the fourth quarter of fiscal 2020 which appears below compared with the fourth quarter of fiscal 2019. \u00a0Total royalty income for the fourth quarter of fiscal 2020 includes negative adjustments made by the operating companies based upon their corrected royalty calculations for the preceding quarter, &#8211;$443,014, and for the 2019 fiscal year, &#8211;$254,369. 4th Fiscal Quarter Ended 10\/31\/2020 4th Fiscal Quarter Ended 10\/31\/2019 Percentage Change Total Royalty Income $348,614 $1,660,135 -79.00% Net Income $218,649 $1,516,063 -85.58% Distributions per Unit $0.02 $0.16 -87.50% The decline in total royalty income received for fiscal 2020 resulted to a large extent from the impact &hellip; Continue reading &quot;North European Oil Royalty Trust Announces The Net Income For The Fourth Quarter Of Fiscal 2020&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/north-european-oil-royalty-trust-announces-the-net-income-for-the-fourth-quarter-of-fiscal-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-13T21:18:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH91380&amp;sd=2020-11-13\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/north-european-oil-royalty-trust-announces-the-net-income-for-the-fourth-quarter-of-fiscal-2020\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/north-european-oil-royalty-trust-announces-the-net-income-for-the-fourth-quarter-of-fiscal-2020\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"North European Oil Royalty Trust Announces The Net Income For The Fourth Quarter Of Fiscal 2020\",\"datePublished\":\"2020-11-13T21:18:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/north-european-oil-royalty-trust-announces-the-net-income-for-the-fourth-quarter-of-fiscal-2020\\\/\"},\"wordCount\":385,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/north-european-oil-royalty-trust-announces-the-net-income-for-the-fourth-quarter-of-fiscal-2020\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=PH91380&amp;sd=2020-11-13\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/north-european-oil-royalty-trust-announces-the-net-income-for-the-fourth-quarter-of-fiscal-2020\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/north-european-oil-royalty-trust-announces-the-net-income-for-the-fourth-quarter-of-fiscal-2020\\\/\",\"name\":\"North European Oil Royalty Trust Announces The Net Income For The Fourth Quarter Of Fiscal 2020 - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/north-european-oil-royalty-trust-announces-the-net-income-for-the-fourth-quarter-of-fiscal-2020\/","og_locale":"en_US","og_type":"article","og_title":"North European Oil Royalty Trust Announces The Net Income For The Fourth Quarter Of Fiscal 2020 - Market Newsdesk","og_description":"PR Newswire KEENE, N.H., Nov. 13, 2020 \/PRNewswire\/ &#8212;\u00a0North European Oil Royalty Trust (NYSE: NRT) reported the net income for the fourth quarter of fiscal 2020 which appears below compared with the fourth quarter of fiscal 2019. \u00a0Total royalty income for the fourth quarter of fiscal 2020 includes negative adjustments made by the operating companies based upon their corrected royalty calculations for the preceding quarter, &#8211;$443,014, and for the 2019 fiscal year, &#8211;$254,369. 4th Fiscal Quarter Ended 10\/31\/2020 4th Fiscal Quarter Ended 10\/31\/2019 Percentage Change Total Royalty Income $348,614 $1,660,135 -79.00% Net Income $218,649 $1,516,063 -85.58% Distributions per Unit $0.02 $0.16 -87.50% The decline in total royalty income received for fiscal 2020 resulted to a large extent from the impact &hellip; Continue reading \"North European Oil Royalty Trust Announces The Net Income For The Fourth Quarter Of Fiscal 2020\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/north-european-oil-royalty-trust-announces-the-net-income-for-the-fourth-quarter-of-fiscal-2020\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-13T21:18:34+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH91380&amp;sd=2020-11-13","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/north-european-oil-royalty-trust-announces-the-net-income-for-the-fourth-quarter-of-fiscal-2020\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/north-european-oil-royalty-trust-announces-the-net-income-for-the-fourth-quarter-of-fiscal-2020\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"North European Oil Royalty Trust Announces The Net Income For The Fourth Quarter Of Fiscal 2020","datePublished":"2020-11-13T21:18:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/north-european-oil-royalty-trust-announces-the-net-income-for-the-fourth-quarter-of-fiscal-2020\/"},"wordCount":385,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/north-european-oil-royalty-trust-announces-the-net-income-for-the-fourth-quarter-of-fiscal-2020\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH91380&amp;sd=2020-11-13","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/north-european-oil-royalty-trust-announces-the-net-income-for-the-fourth-quarter-of-fiscal-2020\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/north-european-oil-royalty-trust-announces-the-net-income-for-the-fourth-quarter-of-fiscal-2020\/","name":"North European Oil Royalty Trust Announces The Net Income For The Fourth Quarter Of Fiscal 2020 - 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