Sign in

NRT on NYSE

NORTH EUROPEAN OIL ROYALTY TRUST

NORTH EUROPEAN OIL ROYALTY TRUST is an American oil royalty traders company, incorporated in New Hampshire.1 It is headquartered in Keene, New Hampshire.1 Its shares trade on NYSE under the symbol NRT.1

Price unavailable

Last updated Oct 21, 2026.

Overview

Compare with another stock.

  • TickerNRT on NYSE1
  • IndustryOil Royalty Traders1
  • HeadquartersKeene, New Hampshire1
  • Incorporated inNH2
  • Business addressP O Box 187, 5 N. Lincoln Street, Keene, Nh 034312
  • Filer categoryNon-accelerated filer, Smaller reporting company2

See how the biggest companies compare on our leaderboards

There has been no significant change in the principal operation or purpose of the Trust during the past fiscal year.3 From its latest annual report

Corporate structure

NORTH EUROPEAN OIL ROYALTY TRUST sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of NORTH EUROPEAN OIL ROYALTY TRUST

  • Emancipation Management LLC Filed SC 13G/A on NORTH EUROPEAN OIL ROYALTY TRUST, latest Feb 10, 2023 (3 filings since Jan 27, 2022)
  • Morgan Stanley Filed SC 13G/A on NORTH EUROPEAN OIL ROYALTY TRUST, latest May 6, 2022 (2 filings since Feb 11, 2022)
  • NORTH EUROPEAN OIL ROYALTY TRUST Keene, New Hampshire

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What NORTH EUROPEAN OIL ROYALTY TRUST reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Properties, in its own words

The properties of the Trust, which the Trust and Trustees hold pursuant to the Trust Agreement on behalf of the unit owners, are overriding royalty rights on sales of gas, sulfur, and oil under a concession in the Federal Republic of Germany (the “Oldenburg concession”). The Oldenburg concession, covering approximately 1,386,000 acres, is located in the German federal state of Lower Saxony, and is the area from which natural gas, sulfur and oil are extracted.The Oldenburg concession currently provides essentially 100% of all the royalties received by the Trust. The Oldenburg concession is held by Mobil Erdgas-Erdol GmbH (“Mobil Erdgas”), a German operating subsidiary of ExxonMobil, and by Oldenburgische Erdolgesellschaft (“OEG”). As a result of direct and indirect ownership, ExxonMobil owns two-thirds of OEG and the Royal Dutch/Shell Group of Companies owns one-third of OEG. BEB Erdgas und Erdol GmbH (“BEB”), a joint venture in which ExxonMobil and the Royal Dutch/Shell Group each own 50%, administers the concession held by OEG. In 2002, Mobil Erdgas and BEB formed ExxonMobil Production Deutschland GmbH (“EMPG”) to carry out all exploration, drilling, and production activities. All sales activities upon which the calculation of royalties is based are still handled by either Mobil Erdgas or BEB (the “operating companies”).

Under one set of rights covering the western part of the Oldenburg concession (approximately 662,000 acres), the Trust receives a royalty payment of 4% on gross receipts from sales by Mobil Erdgas of gas well gas, oil well gas, crude oil, and condensate (the “Mobil Agreement”). Under the Mobil Agreement royalties from gas well gas and oil well gas together account for approximately 99% of all the royalties under said agreement. Historically, the Trust has received significantly greater royalty payments under the Mobil Agreement (as compared to the OEG Agreement described below) due to the higher royalty rate specified by that agreement.

The rest of Item 2

Under another set of rights covering the entire Oldenburg concession and pursuant to the agreement with OEG, the Trust receives royalties at the rate of 0.6667% on gross receipts from sales by BEB of gas well gas, oil well gas, crude oil, condensate, and sulfur (removed during the processing of sour gas) less a certain allowed deduction of costs (the “OEG Agreement”). Under the OEG Agreement, 50% of the field handling and treatment costs as reported for state royalty purposes are deducted from the gross sales receipts prior to the calculation of the royalty to be paid to the Trust.

The Trust is also entitled under an agreement with Mobil Erdgas to receive a 2% royalty on gross receipts of sales of sulfur obtained as a by-product of sour gas produced from the western part of Oldenburg (the “Mobil Sulfur Agreement”). The payment of the sulfur royalty is conditioned upon sales of sulfur by Mobil Erdgas at a selling price above an agreed upon base price. This base price is adjusted annually by an inflation index. When the average quarterly selling price falls below the indexed base price, no sulfur royalties are paid by Mobil Erdgas. Sulfur royalties, including prior years’ corrections, paid under the Mobil Agreement totaled $188,914 and $154,599 during fiscal 2025 and 2024, respectively.

There are two types of natural gas found within the Oldenburg concession, sweet gas and sour gas. Sweet gas has little or no contaminants and needs very minor treatment before it can be sold. Sour gas, in comparison, must be processed at the Grossenkneten desulfurization plant which commenced operations in 1972. The desulfurization process removes hydrogen sulfide and other contaminants before the clean gas can be sold. The hydrogen sulfide in gaseous form is converted to sulfur in a solid form and sold separately.

EMPG decommissioned one of the remaining two sulfur processing units (“trains”). The decommissioning was conducted during May to July 2023. The plant is subject to an ongoing schedule of inspections which may result in shutdowns while required repairs are conducted. Full operation of the remaining train is approximately 200 million cubic feet (“MMcf”) per day following the shutdown. It is expected that the single train will be sufficient to handle sour gas production through-put from the concession. It is also expected that operating expenses in the future may be reduced by this measure. Since sour gas accounts for 73% of overall gas sales and 97% of western gas sales, any future shutdown of the remaining train could significantly impact royalty income. The Trust has insufficient data to predict whether, when and to what extent any future shutdown may occur.

The following is a schedule of royalty income for the fiscal year ended October 31, 2025 by product, geographic area, and operating company:

By Product:

Product · Royalty Income

Gas Well and Oil Well Gas · 8,146,320

Sulfur · 428,513

Oil · 75,071

By Geographic Area:

Area · Royalty Income

Western Oldenburg · 6,686,731

Eastern Oldenburg · 1,963,173

Non-Oldenburg Areas · 0

By Operating Company:

Company · Royalty Income

Mobil Erdgas (under the Mobil Agreement) · 5,836,999

BEB (under the OEG Agreement) · 2,812,905

Exhibit 99.1 to this Report is a report entitled Calculation of Cost Depletion Percentage for the 2025 Calendar Year Based on the Estimate of Remaining Proved Producing Reserves in the Northwest Basin of the Federal Republic of Germany as of October 1, 2025 (the “Cost Depletion Report”). The Cost Depletion Report, dated December 5, 2025, was prepared by Graves & Co. Consulting, LLC, 1800 West Loop South, Suite 750, Houston, Texas 77027 (“Graves & Co.”). Graves & Co. is an independent petroleum and natural gas consulting organization specialized in analyzing hydrocarbon reserves.

Item 2 of the 10-K filed Dec 31, 2025.3

Leadership

Who has led NORTH EUROPEAN OIL ROYALTY TRUST, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (1)

Timeline

  1. Jul 30, 20268-K Results of operations5
  2. May 1, 20268-K Results of operations6
  3. Feb 18, 20268-K Shareholder vote7
  4. Feb 3, 20268-K Results of operations8
  5. Jan 16, 20268-K Executive or director change; Regulation FD disclosure9
  6. Nov 3, 20258-K Results of operations10
  7. Aug 1, 20258-K Results of operations11
  8. May 5, 20258-K Results of operations12
  9. Feb 27, 20258-K Shareholder vote13
  10. Feb 3, 20258-K Results of operations14
  11. Nov 1, 20248-K Results of operations15
  12. Oct 23, 20248-K Executive or director change16

Calendar

Coming up

  1. Around Oct 28, 2026Next results, estimated About a quarter after its last report. The company hasn't announced the date.

When it reported results

  1. Jul 30, 2026Reported quarterly or annual results5
  2. May 1, 2026Reported quarterly or annual results6
  3. Feb 3, 2026Reported quarterly or annual results8
  4. Nov 3, 2025Reported quarterly or annual results10
  5. Aug 1, 2025Reported quarterly or annual results11
  6. May 5, 2025Reported quarterly or annual results12
  7. Feb 3, 2025Reported quarterly or annual results14
  8. Nov 1, 2024Reported quarterly or annual results15

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

88 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 40 major events, 12 insider forms, 5 large holders, 11 other. The latest 20:

  1. Sep 8, 202610-Q EDGAR
  2. Jul 30, 20268-K EDGAR
  3. Jun 5, 202610-Q EDGAR
  4. May 1, 20268-K EDGAR
  5. Mar 19, 20264 EDGAR
  6. Mar 2, 202610-Q EDGAR
  7. Feb 18, 20268-K EDGAR
  8. Feb 3, 20268-K EDGAR
  9. Jan 16, 20268-K EDGAR
  10. Jan 7, 2026ARS EDGAR
  11. Jan 7, 2026DEFA14A EDGAR
  12. Jan 7, 2026DEF 14A EDGAR
  13. Dec 31, 202510-K EDGAR
  14. Nov 3, 20258-K EDGAR
  15. Aug 29, 202510-Q EDGAR
  16. Aug 1, 20258-K EDGAR
  17. May 30, 202510-Q EDGAR
  18. May 5, 20258-K EDGAR
  19. Feb 28, 202510-Q EDGAR
  20. Feb 27, 20258-K EDGAR

The 88 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

9 open-market trades by officers, directors and large owners since October 2021: 7 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 17, 2026HOWARD RICHARD PAGESale25,000$8.62$215.6KForm 4
Jan 16, 2025HOWARD RICHARD PAGEBuy5,000$4.94$24.7KForm 4
Jan 14, 2025HOWARD RICHARD PAGEBuy5,000$4.96$24.8KForm 4
Jan 8, 2025HOWARD RICHARD PAGEBuy5,000$4.83$24.1KForm 4
Jan 7, 2025HOWARD RICHARD PAGEBuy5,000$4.58$22.9KForm 4
Jan 6, 2025HOWARD RICHARD PAGEBuy5,000$4.77$23.9KForm 4
Jul 1, 2022Prue Nancy J FBuy872$12.38$10.8KForm 4
Jun 23, 2022Prue Nancy J FBuy128$12.54$1.6KForm 4
Jan 12, 2022ADELMAN ROBERT PSale4,000$11.41$45.6KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025John R. Van Kirk - Managing Director$148.2K$152.6K19
2024John R. Van Kirk - Managing Director$144.4K$148.8K19

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 27. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Marshall Wace, Llp220,995$1.6M0.0%−90,847
Morgan Stanley84,264$616.0K0.0%+20,539
Washington Trust Advisors, Inc.53,432$390.6K0.0%No change
LPL Financial LLC40,012$292.5K0.0%+4,741
Integrity Alliance, Llc.31,966$233.7K0.0%−317
Susquehanna International Group, Llp31,901$233.2K0.0%New
Verdad Advisers, LP30,782$225.0K0.2%No change
Jpmorgan Chase & Co13,757$96.0K0.0%+1,440
Osaic Holdings, Inc.11,440$83.6K0.0%−253
Wellington Shields Capital Management, LLC10,257$75.0K0.0%No change
UBS Group AG10,060$73.5K0.0%+5,339
Wells Fargo & Company/mn5,001$36.6K0.0%−1,999
Farther Finance Advisors, LLC2,201$16.1K0.0%No change
Hm Payson & Co1,750$12.8K0.0%No change
Bnp Paribas Financial Markets1,678$12.3K0.0%New
Wellington Shields & Co., LLC1,500$11.0K0.0%No change
Federation des caisses Desjardins du Quebec400$2.9K0.0%+200
Pacific Center for Financial Services312$2.3K0.0%New
CoreCap Advisors, LLC300$2.2K0.0%No change
Harbour Investments, Inc.200$1.5K0.0%No change
Cambridge Investment Research Advisors, Inc.140,098$1.0K0.0%+80,914
Peapack Gladstone Financial Corp31,247$2280.0%+11,847
Cassaday & Co Wealth Management LLC15$1100.0%No change
Caitong International Asset Management Co., Ltd13$950.0%+5
Gsa Capital Partners Llp12,415$910.0%−6,690

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How NORTH EUROPEAN OIL ROYALTY TRUST is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNORTH EUROPEAN OIL ROYALTY TRUST1
  • CIK0000072633
  • Employer ID (EIN)22-20841191
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inNew Hampshire1
  • Fiscal year endsOctober 311
  • Industry code (SIC)6792 Oil Royalty Traders1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business addressP O Box 187, 5 N. Lincoln Street, Keene, NH 034311
  • Phone73274140081
  • Shares outstanding9,190,590 as of Jul 31, 202620
  • On EDGAR sinceSep 11, 19951
  • Filings529 in all: 8-K (213), 10-Q (94), 4 (94), 10-K (31), DEF 14A (30), SC 13G/A (13), ARS (12), UPLOAD (8)1
    All 18 form types

    SC 13G (6), 3 (5), 4/A (5), CORRESP (5), 10-K/A (3), DEFA14A (3), 10-Q/A (2), 5 (2), 8-K/A (2), ARS/A (1)

  • Latest filingsAnnual report (10-K) Dec 31, 2025
    Quarterly report (10-Q) Sep 8, 2026
    Proxy statement (DEF 14A) Jan 7, 2026
    Latest 8-K (8-K) Jul 30, 2026

Risk factors and legal proceedings

Legal proceedings

The Trust is not a party to, and no Trust property is the subject of, any pending legal proceedings.

The opening of Item 3, Legal Proceedings.3

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20