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NRT

 
Hoover's Profile: North European Oil Royalty Trust
(NYSE:NRT)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
North European Oil Royalty Trust
43 W. Front St., Ste. 19A
Red Bank, NJ 07701
NJ Tel. 732-741-4008
Fax 732-741-3140

Type: Public
On the web: http://www.neort.com
Employees: 2
Employee growth: 0.0%

North European Oil Royalty Trust isn't owned by the crowned oil barons of Europe. The passive fixed investment trust receives royalties based on its interests in natural gas (97% of revenues), oil, and sulfur producing properties in the former state of Oldenburg and portions of northwest Germany. Royalties are generated by the sale of crude oil, natural gas, distillate, and sulfur mined by Exxon Mobil, Royal Dutch Shell, and their subsidiaries; the trust then distributes the royalties to shareholders on a quarterly basis. As a grantor trust, North European Oil is exempt from paying income taxes; shareholders, however, are not.

Key numbers for fiscal year ending October, 2007:
Sales: $27.7M
One year growth: (11.4%)
Net income: $26.7M
Income growth: (11.6%)

Officers:
Managing Director: Royalty Trusts

Competitors:
BP Prudhoe Bay
Sabine Royalty Trust
San Juan Basin

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