Natural Resource Partners L.P. Reports First Quarter 2021 Results and Declares First Quarter 2021 Distributions
Natural Resource Partners L.P. (NYSE:NRP) reported its first quarter 2021 financial results, detailing a net income of $8,381,000 compared to a net loss of $95,217,000 in the same period last year. The company faced asset impairments totaling $4,043,000, while the adjusted EBITDA stood at $29,436,000. The net income excluding asset impairments was $12,424,000. These figures indicate a significant recovery from the previous year's performance, showcasing improved operational results.
- Net income increased to $8,381,000 from a loss of $95,217,000 year-over-year.
- Adjusted EBITDA improved to $29,436,000, indicating stronger operational performance.
- Asset impairments totaled $4,043,000, impacting overall financials.
Natural Resource Partners L.P. (NYSE:NRP) today reported first quarter 2021 results as follows:
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For the Three Months Ended |
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Last Twelve Months |
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March 31, |
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March 31, |
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(In thousands) (Unaudited) |
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2021 |
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2020 |
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2021 |
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Net income (loss) |
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$ |
8,381 |
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|
|
$ |
18,779 |
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|
|
$ |
(95,217 |
) |
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Asset impairments |
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4,043 |
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|
|
— |
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|
|
139,928 |
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|
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Net income excluding asset impairments (1) |
|
$ |
12,424 |
|
|
|
$ |
18,779 |
|
|
|
$ |
44,711 |
|
|
Adjusted EBITDA (1) |
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29,436 |
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FAQ
What were the first quarter 2021 results for NRP?
How did the adjusted EBITDA for NRP perform in Q1 2021?
What were the asset impairments reported by NRP in Q1 2021?
