Key Insights

• North European Oil Royalty Trust's Annual General Meeting to take place on 21st of February

• Total pay for CEO John Van Kirk includes US$141.1k salary

• Total compensation is 68% below industry average

• Over the past three years, North European Oil Royalty Trust's EPS grew by 86% and over the past three years, the total shareholder return was 118%

The solid performance at North European Oil Royalty Trust (NYSE:NRT) has been impressive and shareholders will probably be pleased to know that CEO John Van Kirk has delivered. At the upcoming AGM on 21st of February, they would be interested to hear about the company strategy going forward and get a chance to cast their votes on resolutions such as executive remuneration and other company matters. Let's take a look at why we think the CEO has done a good job and we'll present the case for a bump in pay.

See our latest analysis for North European Oil Royalty Trust

How Does Total Compensation For John Van Kirk Compare With Other Companies In The Industry?

Our data indicates that North European Oil Royalty Trust has a market capitalization of US$52m, and total annual CEO compensation was reported as US$145k for the year to October 2023. That's just a smallish increase of 3.7% on last year. We note that the salary portion, which stands at US$141.1k constitutes the majority of total compensation received by the CEO.

For comparison, other companies in the American Oil and Gas industry with market capitalizations below US$200m, reported a median total CEO compensation of US$452k. This suggests that John Van Kirk is paid below the industry median. What's more, John Van Kirk holds US$83k worth of shares in the company in their own name.

Speaking on an industry level, nearly 14% of total compensation represents salary, while the remainder of 86% is other remuneration. North European Oil Royalty Trust has gone down a largely traditional route, paying John Van Kirk a high salary, giving it preference over non-salary benefits. If salary is the major component in total compensation, it suggests that the CEO receives a higher fixed proportion of the total compensation, regardless of performance.

North European Oil Royalty Trust's Growth

Over the past three years, North European Oil Royalty Trust has seen its earnings per share (EPS) grow by 86% per year. It achieved revenue growth of 24% over the last year.

Shareholders would be glad to know that the company has improved itself over the last few years. It's also good to see decent revenue growth in the last year, suggesting the business is healthy and growing. Although we don't have analyst forecasts, you might want to assess this data-rich visualization of earnings, revenue and cash flow.