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) has partnered with Denbury Carbon Solutions, LLC (NYSE: DEN) to explore CO2 sequestration on Alabama’s Gulf Coast. The agreement grants Denbury exclusive rights to develop a site covering approximately 75,000 acres in Baldwin County, with an estimated storage capacity exceeding 300 million metric tons. This project aims to leverage Denbury's expertise in CO2 transportation and underground injection. Denbury anticipates the site may be ready for CO2 injection by 2026, contributing to regional carbon capture efforts.
Natural Resource Partners L.P. (NYSE:NRP) reported strong third quarter 2021 results with operating cash flow of $30,059,000 and net income of $29,498,000. The company cited increased demand for metallurgical coal, thermal coal, and soda ash as key performance drivers. In total, NRP returned $5.6 million to common unitholders and generated $13.8 million from carbon offset credits. Liquidity stood at $219 million, and the Board declared a $0.45 cash distribution per common unit. Future distributions depend on achieving a consolidated leverage ratio below 3.75x, which NRP anticipates by year-end.
Natural Resource Partners L.P. (NYSE: NRP) will report its third quarter 2021 financial results on November 3, 2021, before market opens. A conference call will be held at 9:00 a.m. ET to discuss these results. Registration for the call can be completed online, and audio replays will be available after the event. NRP operates mineral properties in the U.S., focusing on coal and industrial minerals, while maintaining an equity investment in Ciner Wyoming.
Natural Resource Partners L.P. (NYSE:NRP) reported a net income of $15,382,000 for the second quarter of 2021, marking a decline from the prior year mostly due to previous asset impairments. Adjusted EBITDA was $27,351,000, with a cash distribution of $0.45 per common unit announced for August 26, reflecting stable liquidity of $197.9 million. Coal royalties remained strong despite market volatility, with a notable recovery in metallurgical coal driven by increased demand. However, uncertainties about future distributions persist due to high leverage ratios.
Natural Resource Partners L.P. (NYSE: NRP) is set to disclose its second quarter 2021 financial results before market opening on August 6, 2021. A conference call with management will take place at 9:00 a.m. ET to discuss these results. Investors can register for the call through a provided link and can also listen live via the Investor Relations section of the NRP website. NRP operates as a master limited partnership, managing a diversified mineral property portfolio in the U.S., which includes coal and industrial minerals.
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.
Natural Resource Partners L.P. (NYSE: NRP) will report its first quarter 2021 financial results on May 6, 2021, before market open. A conference call will be held at 9:00 a.m. ET for discussion with investors. Registration for the call can be done through a provided link. Audio replays will also be available afterward on the company's Investor Relations section. NRP operates a diversified portfolio of mineral properties in the U.S., focusing on coal and industrial minerals, and has an equity stake in Ciner Wyoming.
Natural Resource Partners L.P. (NYSE: NRP) has announced the availability of its 2020 tax packages for unitholders, including K-1 tax information, accessible on its website. The company will begin mailing the K-1 tax information today, March 15, 2021. Unitholders seeking additional support can call a dedicated toll-free number for assistance.
Natural Resource Partners is a master limited partnership that manages a diverse portfolio of mineral properties in the U.S., including interests in coal and industrial minerals, along with an equity investment in Ciner Wyoming.
Natural Resource Partners L.P. (NYSE: NRP) has filed its Annual Report Form 10-K for the year ending December 31, 2020, with the SEC. The report can be accessed on NRP’s website and can be requested in hard copy via email or contact. This master limited partnership is based in Houston, TX, operating a diversified portfolio of mineral properties in the U.S., including coal and industrial minerals, alongside an equity interest in Ciner Wyoming's trona/soda ash venture.
Natural Resource Partners L.P. (NYSE:NRP) reported challenging financial results for Q4 and FY 2020. Net income from continuing operations was $14.7 million for Q4, up from a loss of $119.4 million in 2019, but down to a loss of $84.8 million for the year. Adjusted EBITDA declined from $199.2 million in 2019 to $104.7 million in 2020. Despite a $46 million debt reduction, coal royalties and soda ash revenues dropped significantly due to decreased demand exacerbated by the COVID-19 pandemic. The company maintained liquidity of $200 million and declared a $0.45 distribution per common unit in Q4.
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