Back to top

Image: Bigstock

Natural Resource Partners (NRP) Lags Q1 Earnings, Sales Estimates

Read MoreHide Full Article

Natural Resource Partners LP (NRP - Free Report) reported first-quarter 2018 adjusted earnings of $1.16 per unit, missing the Zacks Consensus Estimate of $1.26 by 8%. The figure improved from the year-ago quarter’s tally.

Total Revenues

In the quarter under review, Natural Resource’s total revenues of $89 million missed the Zacks Consensus Estimate of $99 million by 10.1% and were in line with the year-ago quarter’s figure.

Natural Resource Partners LP Price, Consensus and EPS Surprise

Natural Resource Partners LP Price, Consensus and EPS Surprise | Natural Resource Partners LP Quote

Segment Details

The Coal Royalty and Other segment’s revenues and other income (excluding gains on asset sales) fell 2.1% year over year to $52.24 million.

The Construction Aggregates segment’s revenues in the first quarter were $27.2 million, down nearly 0.3% from the prior-year quarter’s level.

Revenues in Soda Ash segment was $9.6 million down from $10.3 million in the prior-year quarter.

Highlights of the Release

Total coal production in the reported quarter was 6292 tons down from 8434 tons in the prior-year quarter.  In the first quarter, combined average coal royalty revenue per ton was $4.93 down from $3.98 in the year-ago quarter.

Total operating expenses in the reported quarter were down 13% to $45 million from $51.7 million in the prior-year quarter.

Interest expenses dropped 22.2% to $18 million from $23.1million in the year-ago quarter.

Financial Condition

Natural Resource Partners had cash and cash equivalents of $21.1 million as of Mar 31, 2018, down from $29.8 million as of Dec 31, 2017.

The partnership continues to lower outstanding debt levels. Long-term debt was $724.8 million as of Mar 31, 2018, down from $729.6 million as of Dec 31, 2017.

Cash provided from operating activities in first quarter was $19.7 million, down from $20.2 million in the prior-year quarter.

Zacks Rank

Natural Resource carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Performance of Other Coal industry Stocks

CONSOL Coal Resources LP’s first-quarter 2018 adjusted earnings per unit of 78 cents, which beat the Zacks Consensus Estimate of 43 cents by 81.4%.

Cloud Peak Energy reported a loss of 10 cents in first-quarter 2018, wider than the Zacks Consensus Estimate of a loss of 8 cents.

Arch Coal Inc. (ARCH - Free Report) reported first-quarter 2018 operating earnings of $2.95 per share, missing the Zacks Consensus Estimate of $4.00 by 26.25%.

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


Unique Zacks Analysis of Your Chosen Ticker


Pick one free report - opportunity may be withdrawn at any time


Natural Resource Partners LP (NRP) - $25 value - yours FREE >>

Arch Resources Inc. (ARCH) - $25 value - yours FREE >>

Published in