Natural Resource Partners L.P. Stock Price, News & Analysis

Natural Resource Partners L.P. (NYSE: NRP) has announced the retirement of $98 million of its 9.125% Senior Notes due 2025, purchased at a weighted average price of 102.23%. This action will result in approximately $9 million in annual interest savings. Following this transaction, $202 million of these notes remain outstanding, with a pro-forma leverage ratio of 1.6x as of March 31, 2022. President Craig Nunez highlighted the company’s strong cash flow and liquidity as key factors for this strategic debt reduction.

Natural Resource Partners L.P. (NYSE:NRP) reported strong financial results for Q1 2022, with operating cash flow of $52 million and free cash flow increasing by 120%. The company is raising its common unit distribution from $0.45 to $0.75, effective May 24, 2022. Key drivers included high demand for metallurgical coal and soda ash, supported by favorable pricing. Notably, NRP signed a subsurface CO2 sequestration agreement, potentially enhancing future revenue streams. The partnership maintains solid liquidity, with $235.6 million available and a positive outlook for its business segments.

Natural Resource Partners L.P. (NYSE: NRP) is set to release its first quarter 2022 financial results before the market opens on May 5, 2022. Management will conduct a conference call at 9:00 a.m. ET to discuss the results. Investors can register for the call via a provided link and may also access the event through the Investor Relations section of the NRP website. NRP operates a diversified portfolio of natural resources, including coal and industrial minerals, and holds an equity investment in Sisecam Wyoming LLC.

Natural Resource Partners L.P. (NYSE: NRP) has announced the availability of the 2021 tax packages for unitholders, including individual K-1 tax information. These documents are accessible on their website and will also be mailed starting today, March 16, 2022. Unitholders can reach out for support via a toll-free number. Based in Houston, TX, NRP is a diversified natural resource company that manages properties including coal and renewable energy. For more details, visit www.nrplp.com.

Natural Resource Partners L.P. (NYSE: NRP) has filed its Annual Report Form 10-K for the period ended December 31, 2021 with the Securities and Exchange Commission. The report is accessible on NRP’s website at www.nrplp.com. NRP is a diversified natural resource company based in Houston, TX, managing a portfolio of properties including coal and industrial minerals, as well as rights for carbon sequestration and renewable energy activities. Hard copies of the report can be requested via email or by contacting their office.

Natural Resource Partners L.P. (NYSE:NRP) reported strong fourth quarter and full year 2021 results, with operating cash flow of $55.16 million for Q4 and $121.80 million for the year. Free cash flow reached $55.70 million and $122.97 million respectively. Net income surged to $55.64 million in Q4 and $108.90 million annually, driven by robust demand for metallurgical coal. The partnership closed its first carbon sequestration transaction, enhancing future revenue streams, and declared a cash distribution of $0.45 per common unit. Liquidity stood at $235.5 million at year-end.

Natural Resource Partners L.P. (NYSE: NRP) is set to announce its Q4 and full year 2021 financial results on March 15, 2022, before the market opens. A conference call will be held at 9:00 a.m. ET to discuss these results. Investors can register for the call via a provided link, and after registration, participants will receive email confirmations with call details. NRP, based in Houston, TX, is a diversified natural resource company with a focus on coal, industrial minerals, and renewable energy.

Natural Resource Partners L.P. (NYSE: NRP) has redeemed all 19,321 of its paid-in-kind 12.0% Class A Convertible Preferred Units for $19.6 million in cash, eliminating their outstanding units. The Board of Directors also declared a fourth quarter 2021 distribution of $0.45 per common unit, payable on February 28, 2022, to unitholders of record on February 22, 2022. Additionally, a cash distribution of $7.5 million was declared on the Class A Convertible Preferred Units.

Denbury Inc. announced a CO₂ Sequestration Agreement with Natural Resource Partners L.P. for developing a site in Alabama’s Gulf Coast. The site encompasses approximately 75,000 acres with a CO₂ storage potential exceeding 300 million metric tons. This partnership aims to capitalize on existing industrial CO₂ emissions and enhance regional industrial development. Denbury plans to evaluate the site's suitability and expects it could be ready for CO₂ injection by 2026.