North European Oil Royalty Trust (NRT) Stock

North European Oil Royalty Trust (NRT) is a Financials stock trading at $8.88 (as of 2026-07-24), with a market capitalization of $81.57M and a trailing P/E of 12.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

North European Oil Royalty Trust is a grantor trust that owns overriding royalty interests tied to gas and oil production in concessions and leases in Germany. Through contracts with German subsidiaries of ExxonMobil and companies in the Royal Dutch/Shell Group, it receives royalties from sales of products including gas, crude oil, condensate, and sulfur.

Understand North European Oil Royalty Trust: how it makes money

North European Oil Royalty Trust holds overriding royalty rights on natural gas and oil production in Germany, and earns money from royalties tied to the sale of gas, oil, condensate, and related products.

The profit model is a fixed royalty claim on underlying German oil and gas sales (gas well gas, oil well gas, crude oil, condensate, and sulfur), so cash flow depends on how much is produced and sold under the trust's concessions and contracts.

Business quality (Solid): Clear business description as a royalty trust, but the provided dataset includes no segment or operational KPI detail to quantify operating drivers.

Valuation: At 33× earnings, NRT trades in line with the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Royalty rights with defined production sources: The trust holds overriding royalty rights covering gas and oil production across various concessions or leases in the Federal Republic of Germany.
  • Multiple royalty revenue streams: Royalties cover the sale of gas well gas, oil well gas, crude oil, condensate, and sulfur.
  • Contracted counterparties identified: The trust's rights include contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies.

Bear case

  • Dependency on underlying production and sales: Because the trust earns royalties tied to products sold (gas, crude oil, condensate, and sulfur), lower production or lower sales of those products would pressure royalty receipts.
  • Contract and concession continuity risk: The royalty stream depends on the trust's rights under concessions or leases, and on the ongoing contractual arrangements with the named German subsidiaries.
  • Limited visibility from provided metrics: No operating KPIs or segment breakdown were provided in the dataset, which limits the ability to track the specific operating driver(s) investors would typically watch.
Valuation — source: SEC EDGAR (first-party)
Price$8.88
Market Cap$81.57M
P/E Ratio12.5
Price / Sales10.68
Profitability & Growth — source: SEC EDGAR
Revenue Growth (YoY)-3.7%
EPS Growth (YoY)-12.0%
Valuation vs Sector & Industry
Stock P/E12.5
Sector P/E (Financials)15.4
Industry P/E (Trading)34.8
vs Sector-19.0%
vs Industry-64.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderMARSHALL WACE, LLP ($2.81M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryTrading
CEONancy J. Floyd Prue
Employees2
CountryUS
IPO Date1980-03-17

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NRT earnings history · NRT institutional & insider holders · NRT KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.