Northern Europe Oil Royality has announced the third quarter of fiscal 2021 net income

Kenny, N., August 13, 2021 (PRNewswire) – Northern Europe Oil Royal Trust (NYSE-NRT) reported net earnings for the third quarter of fiscal 2021 compared to the third quarter of 2020. Total royalty income includes any adjustments based on operating companies. On their earlier adjusted royalty calculations as well as on any mobile sulfur royalties. As described in detail in July 31, 2021 For the third quarter of the 2021 budget, total royalty revenue increased by the third quarter of the 2020 budget. This increase is due to the combination of mobile and OEG royalty deals and higher gas prices and higher average exchange rates under high gas. Sales under the OEG Royalty Agreement. A.D. Total royalty revenue in the third quarter of 2021 was not affected because there were no seasonal adjustments, but total royalty revenue was increased by mobile sulfur royalties. $ 50,184. A.D. In the third quarter of 2020, gross royalties declined as a result of previous seasonal adjustments ($ 10,192) And in the absence of the current quarter of mobile sulfur royalties, there was no further increase.

3rd Fiscal Quarter

Completed on 7/31/2021

3rd Fiscal Quarter

7/31/2020 ended

Percentage

Change

Total royalty income

$ 1,480,863

$ 1,399,614

+ 5.81%

net income

$ 1,363,590

$ 1,278,075

+ 6.69%

Distributions per unit

$ 0.15

$ 0.11

+ 36.36%

For the third quarter of fiscal 2021, trust spending fell 3.50%, or $ 4,266, to the $ 117,504 In comparison with $ 121,770 For the third quarter of 2020.

In the first nine months of the fiscal year 2021, the total royalty received by mobile and OGG decreased in accordance with the 2021 budget. The comparison of the relevant seasons is shown below.

Nine months

Completed on 7/31/2021

Nine months

7/31/2020 ended

Percentage

Change

Total royalty income

$ 3,164,461

$ 3,701,403

– 14.51%

net income

$ 2,673,879

$ 3,067,714

– 12.84%

Distributions per unit

$ 0.33

$ 0.30

+ 10.00%

The distribution described earlier 15 cents It is divided by one unit August 25, 2021 To registrars August 13, 2021. General details on the SEC or Trust website, www.neort.com, or about August 30, 2021. For more information, contact: John R. Van Kirk, Managing Director, at (732) 741-4008 or by email at jvankirk@neort.com. Trusted press releases and other related information are available at the Faith website www.neort.com.

SOURCE Northern Europe Oil Royalty Trust

.

Leave a Comment