0000072633-21-000018.txt : 20210816 0000072633-21-000018.hdr.sgml : 20210816 20210816092001 ACCESSION NUMBER: 0000072633-21-000018 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210731 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20210816 DATE AS OF CHANGE: 20210816 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTH EUROPEAN OIL ROYALTY TRUST CENTRAL INDEX KEY: 0000072633 STANDARD INDUSTRIAL CLASSIFICATION: OIL ROYALTY TRADERS [6792] IRS NUMBER: 222084119 STATE OF INCORPORATION: NH FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08245 FILM NUMBER: 211174943 BUSINESS ADDRESS: STREET 1: P O BOX 187 STREET 2: 5 N. LINCOLN STREET CITY: KEENE STATE: NH ZIP: 03431 BUSINESS PHONE: 7327414008 MAIL ADDRESS: STREET 1: P O BOX 187 STREET 2: 5 N. LINCOLN STREET CITY: KEENE STATE: NH ZIP: 03431 8-K 1 ek081621.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of report (Date of earliest event reported):  August 13, 2021 

NORTH EUROPEAN OIL ROYALTY TRUST

(Exact Name of Registrant as Specified in Charter)

   Delaware           1-8245        22-2084119  

State or Other Jurisdiction    (Commission      (I.R.S. Employer

of Incorporation       File Number)      Identification No.)

  5 North Lincoln Street, Keene, N.H. 03431  
(Address of Principal Executive Offices, and Zip Code)

 (732) 741-4008 
(Registrant's Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.below):

 [ ]  Written communications pursuant to Rule 425 under the Securities Act
   (17 CFR 230.425)

 [ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
   (17 CFR 240.14a-12)

 [ ]  Pre-commencement communication pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))

 [ ]  Pre-commencement communication pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class      Trading Symbol(s) Name of each exchange on which registered

Units of Beneficial Interest   NRT        New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR Section 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR Section 240.12b-2).

Emerging growth company [ ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

 

Item 2.02.    Results of Operations and Financial Condition.

On August 13, 2021, North European Oil Royalty Trust issued a press release via PR Newswire announcing the Trust's net income for the third quarter of fiscal 2021. Furnished herewith is a copy of the press release, which is incorporated by reference herein.


Item 9.01.    Financial Statements and Exhibits.

(c) Exhibits

The following exhibit is furnished herewith:

Exhibit 99.    A press release dated August 13, 2021 and disseminated through PR Newswire announcing the net income for North European Oil Royalty Trust for the third quarter of fiscal 2021.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


NORTH EUROPEAN OIL ROYALTY TRUST

(Registrant)

/s/ John R. Van Kirk

John R. Van Kirk

Managing Director

August 16, 2021

EX-99 2 x99-081621.htm

Exhibit 99

PR NEWSWIRE

NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES
THE NET INCOME FOR THE THIRD QUARTER OF FISCAL 2021

Keene, N.H. August 13, 2021 - North European Oil Royalty Trust (NYSE-NRT) reported the net income for the third quarter of fiscal 2021 which appears below compared with the third quarter of fiscal 2020. Total royalty income includes any adjustments made by the operating companies based upon their corrected royalty calculations for prior periods as well as any Mobil sulfur royalties. As detailed in the July 31, 2021 distribution press release, total royalty income for the third quarter of fiscal 2021 increased from the third quarter of fiscal 2020. This increase resulted from the combined effects of higher gas prices and higher average exchange rates under both the Mobil and OEG Royalty Agreements and higher gas sales under the OEG Royalty Agreement. In the third quarter of fiscal 2021, total royalty income was not affected because there were no prior period adjustments, but total royalty income was increased by Mobil sulfur royalties of $50,184. In the third quarter of fiscal 2020, total royalty income was reduced by net prior period adjustments totaling ($10,192) and reflected no further increase due to the absence of current quarter Mobil sulfur royalties.

3rd Fiscal Quarter Ended 7/31/2021 3rd Fiscal Quarter Ended 7/31/2020 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%

Trust expenses for the third quarter of fiscal 2021 decreased 3.50%, or $4,266, to $117,504 in comparison to $121,770 for the third quarter of fiscal 2020.

Total royalty income received during the first nine months of fiscal 2021 decreased in comparison to fiscal 2020 due to lower gas sales under both the Mobil and OEG Agreements during the first nine months of fiscal 2021. The comparison of the relevant periods is shown below.

  Nine Months Ended
7/31/2021
 Nine Months Ended
7/31/2020
 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 previously declared distribution of 15 cents per unit will be paid on August 25, 2021 to owners of record as of August 13, 2021. Comprehensive details will be available in the Trust's 10-Q filing available through the SEC or the Trust's website, www.neort.com, on or about August 30, 2021. For further information, contact John R. Van Kirk, Managing Director, at (732) 741-4008 or via e-mail at jvankirk@neort.com. The Trust's press releases and other pertinent information are available on the Trust's website: www.neort.com.