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 L.P. (NYSE:NRP) reported strong financial results for Q4 and FY 2022, with operating cash flow of $68.9 million and free cash flow of $69.4 million in Q4. Total free cash flow for 2022 reached a record $268 million, allowing a 67% increase in quarterly distribution to $0.75. The company repaid $300 million in Senior Notes and lowered its leverage ratio to 0.5x. NRP initiated carbon sequestration and geothermal energy leases, aiming for long-term cash flow. A special distribution of $2.43 per unit will be paid on March 21, 2023, to assist unitholders with tax liabilities.
Natural Resource Partners L.P. (NYSE: NRP) will report its fourth quarter and full year 2022 financial results on March 2, 2023, before market opens. A conference call will follow at 9:00 a.m. ET to discuss the results. Interested parties can register for the call via a provided link and listen live on the NRP Investor Relations website. NRP is a diversified natural resource company managing a portfolio that includes coal, industrial minerals, and carbon sequestration rights, along with an investment in Sisecam Wyoming LLC, a leading soda ash producer.
Natural Resource Partners L.P. (NYSE: NRP) announced a fourth quarter 2022 distribution of $0.75 per common unit, payable on February 21, 2023, to unitholders of record on February 14, 2023. The board also declared a distribution of $7.5 million for NRP’s 12.0% Class A Convertible Preferred Units. NRP is a diversified natural resource company based in Houston, managing a portfolio of coal, industrial minerals, and renewable energy properties in the U.S. Additionally, it invests in Sisecam Wyoming LLC, a leading soda ash producer.
Natural Resource Partners L.P. (NYSE:NRP) reported strong third quarter 2022 results, achieving record free cash flow of $83 million, totaling $199 million year-to-date. The company closed a new $130 million revolving credit facility and fully repaid its 9.125% Senior Notes. With a pro-forma leverage ratio dropping to 0.6x, NRP's financial health appears robust. The Mineral Rights segment showed significant net income growth, primarily due to strong metallurgical coal demand. A cash distribution of $0.75 per common unit was also announced, reinforcing NRP's commitment to unitholder value.
Natural Resource Partners L.P. (NYSE: NRP) announced an agreement with Occidental’s Low Carbon Ventures (OXY) to evaluate a carbon dioxide (CO2) sequestration hub in southeast Texas. This partnership will utilize approximately 65,000 acres of pore space controlled by NRP, with a total estimated storage capacity of 500 million metric tons of CO2. NRP currently manages about 140,000 acres for CO2 sequestration, aiming to develop its carbon-neutral portfolio. This move is part of broader strategies to support decarbonization.
Natural Resource Partners L.P. (NYSE: NRP) will release its third quarter financial results on
Natural Resource Partners L.P. (NYSE: NRP) announced its intention to redeem all outstanding 9.125% Senior Notes due 2025, with a redemption date of
Natural Resource Partners L.P. (NYSE: NRP) announced the availability of its 2021 Schedule K-3, which contains items relevant to international tax. Unitholders needing this information can access it at www.taxpackagesupport.com/naturalresource. This schedule is crucial for foreign unitholders and those calculating foreign tax credits. For electronic copies, unitholders can call Tax Package Support at 888-334-7102. NRP is based in Houston, TX, and manages a diversified portfolio in the natural resources sector.
Natural Resource Partners L.P. (NYSE: NRP) announced the successful amendment and five-year extension of its revolving credit facility, securing lender commitments of
Natural Resource Partners L.P. (NYSE:NRP) announced strong second quarter 2022 results, reporting $64 million in free cash flow and a record $116 million for the first half. Net income reached $66.8 million, while the company reduced its leverage ratio to 1.2x from 4.6x a year earlier. The board declared a cash distribution of $0.75 per common unit, up 67% from last year. The performance was bolstered by increased demand and pricing for metallurgical and thermal coal despite global supply chain challenges. NRP is pursuing additional revenue opportunities, including CO2 sequestration projects.
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