Welcome to our dedicated page for Natural Resource Partners L.P. news (Ticker: NRP), a resource for investors and traders seeking the latest updates and insights on Natural Resource Partners L.P. stock.
Natural Resource Partners L.P. (NRP), headquartered in Houston, TX, is a diversified natural resource company specializing in the ownership, management, and leasing of mineral properties across the United States. As a master limited partnership, NRP generates a significant portion of its revenues from royalties and other passive income streams. The company has diverse interests in coal, aggregates, industrial minerals, crude oil, natural gas, and more.
NRP’s core business revolves around two primary segments: Mineral Rights and Soda Ash. The Mineral Rights segment, which forms the bulk of the company's revenue, involves leasing coal reserves to experienced mining operators under long-term leases. In exchange, NRP receives royalty payments from the operators who mine its coal reserves.
The company also holds a strategic equity investment in Ciner Wyoming, a leading trona and soda ash operation. Additionally, NRP owns a construction aggregates company, further broadening its resource portfolio.
In terms of achievements, NRP has consistently maintained a stable financial condition, leveraging its diversified asset base to generate consistent income. The company’s partnerships with seasoned industry operators ensure efficient and sustainable resource extraction practices. Recently, NRP has been focusing on optimizing its asset portfolio to maximize shareholder value while maintaining a commitment to environmental stewardship and sustainability.
Whether you're an investor looking for reliable passive income or someone interested in the broader natural resource sector, NRP’s diversified portfolio and strategic business model make it a noteworthy entity in the U.S. resource market.
Natural Resource Partners (NYSE:NRP) reported Q3 2024 results with net income of $38.6 million and free cash flow of $54.8 million. The company redeemed the remaining $31.7 million of preferred units, completing the retirement of all $250 million originally issued preferred units. NRP executed a new five-year $200 million credit facility and declared a Q3 2024 distribution of $0.75 per common unit. Performance was impacted by weak coal and soda ash prices, with metallurgical coal facing muted steel demand and soda ash affected by increased global production capacity. The company maintains a consolidated leverage ratio of 0.8x with available liquidity of $76.2 million.
Natural Resource Partners L.P. (NYSE:NRP) reported its second quarter 2024 results, generating $57.3 million in free cash flow. The company declared a Q2 2024 distribution of $0.75 per common unit. Key highlights include:
- Net income: $46,064,000
- Operating cash flow: $56,629,000
- Free cash flow: $57,288,000
NRP retired all remaining warrants and redeemed $40 million of preferred units. Despite lower coal and soda ash prices in 2024, the company continues to generate robust free cash flow. NRP aims to eliminate all financial obligations, with approximately $240 million of debt and preferred equity remaining.
Natural Resource Partners (NYSE: NRP) will release its Q2 2024 financial results before the market opens on August 7, 2024. A conference call to discuss the results will be held at 9:00 a.m. ET the same day. Investors can register for the call via a provided link, and audio replays will be available on the Investor Relations section of the NRP website.
NRP is a diversified natural resource company based in Houston, managing a portfolio that includes coal, industrial minerals, and other resources. It also is involved in carbon sequestration and renewable energy activities, and owns a stake in Sisecam Wyoming, a low-cost soda ash producer.
Natural Resource Partners L.P. (NYSE: NRP) announced that its 2023 Schedule K-3, reflecting items of international tax relevance, is now available online. Unitholders can access this information at www.taxpackagesupport.com/naturalresource. This document is particularly important for foreign unitholders, those computing a foreign tax credit, and certain corporate or partnership unitholders, who may need the detailed information for specific reporting requirements. Unitholders can also request an electronic copy via email by calling Tax Package Support at 888-334-7102.
Natural Resource Partners L.P. is a diversified natural resource company headquartered in Houston, TX, owning and managing a portfolio of properties in the U.S., including coal, industrial minerals, and other natural resources. The company also has rights for carbon sequestration and renewable energy activities and holds an equity investment in Sisecam Wyoming , a low-cost producer of soda ash.
Natural Resource Partners L.P. (NYSE:NRP) reported First Quarter 2024 Results with $56.2 million in Net Income and $72.1 million in Free Cash Flow. The company repurchased warrants, increased credit facility, and paid distributions to unitholders. NRP aims to eliminate financial obligations and maintain common unit distributions. Segment performances showed decreases in Mineral Rights and Soda Ash, while Corporate and Financing costs increased.
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