North European Oil Royalty Trust Announces The Distribution For The Third Quarter Of Fiscal 2021
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North European Oil Royalty Trust Announces The Distribution For The Third Quarter Of Fiscal 2021
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North European Oil Royalty Trust Announces Net Income For The Second Quarter Of Fiscal 2021
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KEENE, N.H., May 14, 2021 /PRNewswire/ North European Oil Royalty Trust (NYSE-NRT) reported the net income for the second quarter of fiscal 2021 which appears in the table below compared with the net income for the second 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. During the second quarter of fiscal 2021, there were no prior period adjustments to total royalty income, whereas during the second quarter of fiscal 2020, total royalty income was reduced by prior period adjustments totaling $137,944. The Trust received separate sulfur royalty payments under the Mobil Agreement of $36,411 and $31,105 during the second quarters of fiscal 2021 and 2020, respectively.