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Natural Resource (NRP) Q1 Earnings, Revenues Miss Estimates
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Natural Resource Partners LP (NRP - Free Report) reported first-quarter 2017 adjusted earnings of 3 cents per unit, missing the Zacks Consensus Estimate of $1.67 by 98.2%.
Total Revenue
In the quarter under review, Natural Resource Partners’ total revenue of $88.7 million lagged the Zacks Consensus Estimate of $89.5 million by 0.9%.
Excluding the gain on sale of assets in the first quarter of 2016, total revenue in the current quarter improved nearly 20% year over year.
Segment Details
Coal Royalty and Other segment revenues and other income in the reported quarter increased 29.6% to $51.2 million from $39.5 million reported in the year-ago quarter.
VantaCore segment revenues in the reported quarter were $27.2 million, up 10.1%.
Soda Ash segment revenues were up 5.1% to $10.3 million compared with the year-ago quarter.
Natural Resource Partners LP Price, Consensus and EPS Surprise
In the first quarter, the coal produced from its leased asset amounted to 8.43 million tons, up 4.1% from 8.1 million tons in the year-ago quarter. Thanks to the improvement in metallurgical coal prices, coal royalty revenues improved from the last-year period.
Total operating expense in the reported quarter was up 10.2% to $51.7 million from $46.9 million in the prior-year quarter.
Interest expenses increased 4.0% to $23.1 million from $22.2 million in the year-ago quarter.
Financial Condition
Natural Resource Partners had cash and cash equivalents of $112.9 million as of Mar 31, 2017, up from $40.4 million as of Dec 31, 2016.
Long-term debt was $707.4 million as of Mar 31, 2017, down from $987.4 million as of Dec 31, 2016.
In the quarter under review, cash from operating activities was $20.2 million, down 24.3% from $26.7 million in the prior-year period.
Zacks Rank
Natural Resource Partners currently carries a Zacks Rank #3 (Hold).
Peer Releases
SunCoke Energy (SXC - Free Report) reported first-quarter 2017 adjusted earnings of 2 cents per share against the Zacks Consensus Estimate of a loss of 10 cents. The stock sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
CONSOL Energy Inc. (CNX - Free Report) , a Zacks Rank #3 stock, reported earnings of 17 cents per share in first-quarter 2017, beating the Zacks Consensus Estimate of 11 cents by 54.5%.
Alliance Resource Partners LP (ARLP - Free Report) reported first-quarter 2017 adjusted earnings of $1.10 per unit, outpacing the Zacks Consensus Estimate of 77 cents by 42.9%. The stock currently has a Zacks Rank #3.
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Natural Resource (NRP) Q1 Earnings, Revenues Miss Estimates
Natural Resource Partners LP (NRP - Free Report) reported first-quarter 2017 adjusted earnings of 3 cents per unit, missing the Zacks Consensus Estimate of $1.67 by 98.2%.
Total Revenue
In the quarter under review, Natural Resource Partners’ total revenue of $88.7 million lagged the Zacks Consensus Estimate of $89.5 million by 0.9%.
Excluding the gain on sale of assets in the first quarter of 2016, total revenue in the current quarter improved nearly 20% year over year.
Segment Details
Coal Royalty and Other segment revenues and other income in the reported quarter increased 29.6% to $51.2 million from $39.5 million reported in the year-ago quarter.
VantaCore segment revenues in the reported quarter were $27.2 million, up 10.1%.
Soda Ash segment revenues were up 5.1% to $10.3 million compared with the year-ago quarter.
Natural Resource Partners LP Price, Consensus and EPS Surprise
Natural Resource Partners LP Price, Consensus and EPS Surprise | Natural Resource Partners LP Quote
Highlights of the Release
In the first quarter, the coal produced from its leased asset amounted to 8.43 million tons, up 4.1% from 8.1 million tons in the year-ago quarter. Thanks to the improvement in metallurgical coal prices, coal royalty revenues improved from the last-year period.
Total operating expense in the reported quarter was up 10.2% to $51.7 million from $46.9 million in the prior-year quarter.
Interest expenses increased 4.0% to $23.1 million from $22.2 million in the year-ago quarter.
Financial Condition
Natural Resource Partners had cash and cash equivalents of $112.9 million as of Mar 31, 2017, up from $40.4 million as of Dec 31, 2016.
Long-term debt was $707.4 million as of Mar 31, 2017, down from $987.4 million as of Dec 31, 2016.
In the quarter under review, cash from operating activities was $20.2 million, down 24.3% from $26.7 million in the prior-year period.
Zacks Rank
Natural Resource Partners currently carries a Zacks Rank #3 (Hold).
Peer Releases
SunCoke Energy (SXC - Free Report) reported first-quarter 2017 adjusted earnings of 2 cents per share against the Zacks Consensus Estimate of a loss of 10 cents. The stock sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
CONSOL Energy Inc. (CNX - Free Report) , a Zacks Rank #3 stock, reported earnings of 17 cents per share in first-quarter 2017, beating the Zacks Consensus Estimate of 11 cents by 54.5%.
Alliance Resource Partners LP (ARLP - Free Report) reported first-quarter 2017 adjusted earnings of $1.10 per unit, outpacing the Zacks Consensus Estimate of 77 cents by 42.9%. The stock currently has a Zacks Rank #3.
Looking for Ideas with Even Greater Upside?
Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information >>