NRT: revenue $2.4M, net income $2.1M. NRT royalty income fell 9.3% on lower gas prices; 50-day plant shutdown set for August

Filed June 5, 2026 · Period ending April 30, 2026 · Compared to 10-Q May 30, 2025 · ~2 min read

Key Changes

• high

  Q2 royalty income declined 3.6% to $2.38M despite 8.9% higher Mobil gas sales, as German gas prices fell 15-17% due to LNG oversupply and mild weather. Net income dropped 9.3% as Trust expenses surged 51% on legal fees.

  MD&A: Q2 Results verify on EDGAR →
• high

  EMPG confirmed no new wells in 2026 and scheduled a 50-day processing plant shutdown starting August 1, 2026, expected to impact gas production and near-term royalty income.

  MD&A: EMPG Operations verify on EDGAR →
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  Six-month royalty income surged 54% to $4.60M, driven by absence of prior-year $2.57M negative adjustment and sulfur royalties jumping 260% to $458K on geopolitical supply disruptions.

  MD&A: Six-Month Results verify on EDGAR →