Natural Resource Partners L.P. Reports First Quarter 2021 Results and Declares First Quarter 2021 Distributions

Rhea-AI Summary

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.

Positive

• 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.

Negative

• Asset impairments totaled $4,043,000, impacting overall financials.

Natural Resource Partners L.P. (NYSE:NRP) today reported first quarter 2021 results as follows:

		For the Three Months Ended										Last Twelve Months
		March 31,										March 31,
(In thousands) (Unaudited)		2021					2020					2021
Net income (loss)		$	8,381				$	18,779				$	(95,217	)
Asset impairments		4,043					—					139,928
Net income excluding asset impairments (1)		$	12,424				$	18,779				$	44,711
Adjusted EBITDA (1)		29,436

FAQ

What were the first quarter 2021 results for NRP?

NRP reported a net income of $8,381,000 for Q1 2021, a significant improvement from a net loss of $95,217,000 in Q1 2020.

How did the adjusted EBITDA for NRP perform in Q1 2021?

Adjusted EBITDA for NRP in Q1 2021 was $29,436,000.

What were the asset impairments reported by NRP in Q1 2021?

NRP reported asset impairments of $4,043,000 in the first quarter of 2021.