Saturday 17 October 2026
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North European Oil Royality Trust
NRT Energy Oil & Gas E&P
In the quarter to July 2026, revenue was flat and EPS grew 3.85%, each against the same quarter a year earlier. Operating cash flow growth for five consecutive years.
8.53
0.10
+1.19%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to October
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 6.11 | 5.94 | 5.12 | 5.25 | 2.19 | 2.92 | 9.78 | 5.71 | 3.88 | 4.00 |
Analyst estimates 2026–2028 Powerpack |
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| High | 9.90 | 8.20 | 9.40 | 7.75 | 6.00 | 10.76 | 20.72 | 17.30 | 8.62 | 6.95 | |||||
| People | |||||||||||||||
| People | Employees | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | ||||
| Revenue/emp, $m | 3.48 | 3.88 | 3.60 | 4.17 | 2.03 | 2.30 | 8.90 | 11.01 | 2.89 | 4.33 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 7 | 8 | 7 | 8 | 4 | 5 | 18 | 22 | 6 | 9 | ||||
| Gross margin, % | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||||
| EBT | 6 | 7 | 6 | 8 | 3 | 4 | 17 | 21 | 5 | 8 | |||||
| EBT margin, % | 88.22 | 90.52 | 89.02 | 90.81 | 81.15 | 86.40 | 96.00 | 96.17 | 87.43 | 91.78 | |||||
| Net income | — | — | — | — | — | — | — | — | — | — | |||||
| Depreciation | — | — | — | — | — | — | — | — | — | — | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 0.76 | 0.84 | 0.78 | 0.91 | 0.44 | 0.50 | 1.94 | 2.40 | 0.63 | 0.94 | ||||
| Earnings | 0.67 | 0.75 | 0.70 | 0.82 | 0.32 | 0.47 | 1.83 | 2.26 | 0.55 | 0.86 | |||||
| Cash flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| Capex | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| Free cash flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| Book value | 0.01 | 0.01 | 0.01 | 0.01 | 0.05 | 0.01 | 0.04 | 0.09 | 0.16 | 0.21 | |||||
| Shares, m | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 11.74 | 8.88 | 10.27 | 7.46 | 9.34 | 20.62 | 8.49 | 4.87 | 10.48 | 7.80 | ||||
| P/S | 10.23 | 7.89 | 9.18 | 6.74 | 6.79 | 18.21 | 8.02 | 4.56 | 8.15 | 6.73 | |||||
| P/B | 1,139.63 | 587.99 | 840.75 | 467.18 | 59.00 | 682.59 | 363.99 | 126.21 | 32.71 | 30.05 | |||||
| EV/Sales | 10.06 | 7.61 | 8.98 | 6.55 | 6.63 | 17.91 | 7.62 | 4.52 | 7.87 | 6.17 | |||||
| EV/FCF | 0.00 | 0.00 | 0.00 | 0.00 | 8.16 | 20.72 | 21.15 | 19.70 | 9.01 | 10.56 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | — | — | — | — | ||||
| Capex | — | — | — | — | — | — | — | — | — | — | |||||
| Free cash flow | 6 | 7 | 6 | 8 | 3 | 4 | 17 | 21 | — | — | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | ||||
| Total debt | — | — | — | — | — | — | — | — | — | — | |||||
| Net debt | (1) | (2) | (1) | (2) | (1) | (1) | (7) | (1) | (2) | (5) | |||||
| Shareholders’ equity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 365.74 | 426.97 | 357.67 | 497.23 | 293.36 | 386.27 | 397.27 | 530.09 | 417.91 | 247.68 | ||||
| ROIC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| ROE | 8,680.00 | 8,435.05 | 7,014.78 | 7,616.18 | 1,121.26 | 1,351.21 | 6,633.73 | 3,565.76 | 452.26 | 470.09 | |||||
Negative figures in brackets.
Fiscal years to Oct 2025 · latest quarter Jul 2026
Charts ten years each
North European Oil Royality Trust vs peers in Oil & Gas E&P (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| EPM Evolution Petroleum Corporation, Inc. | $147.4M | — (loss-making) | 69.5× | +14.69% (above 0%: growing) | +30.00% (above 0%: growing) | +333.62% (above 0%: growing) | 100.00% | 14.31% | Compare |
| EP Empire Petroleum Corporation | $136.0M | — (loss-making) | — | +8.58% (above 0%: growing) | n/m | −43.32% (below 0%: shrinking) | 47.01% | (16.22%) | Compare |
| NRT North European Oil Royality Trust | $77.5M | 8.4× | — | +0.94% (above 0%: growing) | +3.85% (above 0%: growing) | −113.18% (below 0%: shrinking) | 100.00% | 100.00% | |
| CRT Cross Timbers Royalty Trust | $77.2M | 24.2× | 13.0× | −1.16% (below 0%: shrinking) | −6.67% (below 0%: shrinking) | — | 44.21% | 27.28% | Compare |
| BSIN Big Sky Industrial Inc. | $73.0M | — (loss-making) | — (loss-making) | +5.23% (above 0%: growing) | n/m | −76.10% (below 0%: shrinking) | 45.64% | (111.76%) | Compare |
| BATL Battalion Oil Corporation | $59.0M | — (loss-making) | 25.5× | +12.42% (above 0%: growing) | n/m | +119.80% (above 0%: growing) | 47.93% | 14.09% | Compare |
| PVL PERMIANVILLE ROYALTY TRUST | $58.7M | 7.3× | 6.3× | +31.88% (above 0%: growing) | +200.00% (above 0%: growing) | — | 56.52% | 20.33% | Compare |
| VOC VOC Energy Trust | $57.6M | 8.3× | 27.3× | −31.56% (below 0%: shrinking) | −23.08% (below 0%: shrinking) | — | 100.00% | 94.96% | Compare |
| PROP Prairie Operating Co. | $40.5M | — (loss-making) | — (loss-making) | +45.17% (above 0%: growing) | +25.65% (above 0%: growing) | −5,603.85% (below 0%: shrinking) | 100.00% | 45.88% | Compare |
| Median of peers | $66.0M | 8.3× | 25.5× | +10.50% | +25.65% | −43.32% | 52.23% | 17.32% |
North European Oil Royality Trust (NRT) key facts
- North European Oil Royality Trust (NRT) is an Oil & Gas E&P company in the Energy sector, listed on the New York Stock Exchange.
- As of October 16, 2026, NRT traded at $8.53, a market capitalization of $77.5 million.
- North European Oil Royality Trust pays an annual dividend of $1.01 per share, a yield of 11.8%, with a payout ratio of 99.0%.
- Return on equity was 470.1% and debt-to-equity 0.00.
- Its Altman Z-score is 21.08 (safe zone) for fiscal 2025.