Natural Resource Partners LP (NRP - Free Report) reported second-quarter 2017 adjusted earnings of $1.13 per unit, missing the Zacks Consensus Estimate of $1.44 by 21.5%.
Total Revenue
In the quarter under review, Natural Resource Partners’ total revenue of $94.9 million surpassed the Zacks Consensus Estimate of $93 million by 2.1%.
Segment Details
Coal Royalty and Other segment’s revenues and other income (excluding gains on asset sales) in the first half of 2017 decreased 13.8% to $100.7 million from $116.9 million in the year-ago period.
Soda Ash segment’s revenues were $18.7 million in the first half, down 6% from the year-ago period.
Construction Aggregates segment’s revenues in the first half were $60.8 million, up nearly 8.0%.
Highlights of the Release
In the second quarter, coal produced from the company’s leased asset amounted to 6.47 million tons, up 0.3% from 6.45 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 expenses in the reported quarter were down 6.3% to $44.5 million from $47.5 million in the prior-year quarter.
Interest expenses dropped 7.7% to $20.4 million from $22.1 million in the year-ago quarter.
Financial Condition
Natural Resource Partners had cash and cash equivalents of $40.7 million as of Jun 30, 2017, up marginally from $40.4 million as of Dec 31, 2016.
The partnership continues to lower outstanding debt levels. Long-term debt was $700.2 million as of Jun 30, 2017, down from $987.4 million as of Dec 31, 2016.
In the quarter, cash from operating activities was $34.8 million, up 95.5% from $17.8 million in the prior-year period.
Zacks Rank
Natural Resource Partners currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of the Peers
Other operators in the industry like CONSOL Energy (CNX - Free Report) , Alliance Resource Partners LP (ARLP - Free Report) and SunCoke Energy (SXC - Free Report) surpassed their respective Zacks Consensus Estimate in second-quarter earnings.
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Natural Resource Partners LP (NRP - Free Report) reported second-quarter 2017 adjusted earnings of $1.13 per unit, missing the Zacks Consensus Estimate of $1.44 by 21.5%.
Total Revenue
In the quarter under review, Natural Resource Partners’ total revenue of $94.9 million surpassed the Zacks Consensus Estimate of $93 million by 2.1%.
Segment Details
Coal Royalty and Other segment’s revenues and other income (excluding gains on asset sales) in the first half of 2017 decreased 13.8% to $100.7 million from $116.9 million in the year-ago period.
Soda Ash segment’s revenues were $18.7 million in the first half, down 6% from the year-ago period.
Construction Aggregates segment’s revenues in the first half were $60.8 million, up nearly 8.0%.
Highlights of the Release
In the second quarter, coal produced from the company’s leased asset amounted to 6.47 million tons, up 0.3% from 6.45 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 expenses in the reported quarter were down 6.3% to $44.5 million from $47.5 million in the prior-year quarter.
Interest expenses dropped 7.7% to $20.4 million from $22.1 million in the year-ago quarter.
Financial Condition
Natural Resource Partners had cash and cash equivalents of $40.7 million as of Jun 30, 2017, up marginally from $40.4 million as of Dec 31, 2016.
The partnership continues to lower outstanding debt levels. Long-term debt was $700.2 million as of Jun 30, 2017, down from $987.4 million as of Dec 31, 2016.
In the quarter, cash from operating activities was $34.8 million, up 95.5% from $17.8 million in the prior-year period.
Zacks Rank
Natural Resource Partners currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of the Peers
Other operators in the industry like CONSOL Energy (CNX - Free Report) , Alliance Resource Partners LP (ARLP - Free Report) and SunCoke Energy (SXC - Free Report) surpassed their respective Zacks Consensus Estimate in second-quarter earnings.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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