Natural Resource Partners L.P. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
February 27, 2020 at 07:15 am EST
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Natural Resource Partners L.P. Announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced total revenue was USD 51.716 million compared to USD 90.557 million a year ago. Operating loss was USD 109.056 million compared to operating Income of USD 52.093 million a year ago. Net loss was USD 116.174 million compared to net income of USD 48.227 million a year ago. Basic loss per share was USD 10.09 compared to basic earnings per share of USD 3.33 a year ago. Diluted loss per share was USD 10.09 compared to diluted earnings per share of USD 2.36 a year ago. Basic loss per share from continuing operations was USD 10.15 compared to basic earnings per share from continuing operations of USD 2.21 a year ago. Diluted loss per share from continuing operations was USD 10.15 compared to diluted earnings per share from continuing operations of USD 1.69 a year ago. For the full year, total revenue was USD 263.935 million compared to USD 278.512 million a year ago. Operating income was USD 51.321 million compared to USD 192.538 million a year ago. Net loss was USD 23.369 million compared to net income of USD 137.346 million a year ago. Basic loss per share was USD 4.35 compared to basic earnings per share of USD 8.77 a year ago. Diluted loss per share was USD 4.35 compared to diluted earnings per share of USD 6.76 a year ago. Basic loss per share from continuing operations was USD 4.43 compared to basic earnings per share from continuing operations of USD 7.35 a year ago. Diluted loss per share from continuing operations was USD 4.43 compared to diluted earnings per share from continuing operations of USD 5.9 a year ago.
Natural Resource Partners L.P. is a diversified natural resource company. It owns, manages, and leases a diversified portfolio of properties in the United States including coal, industrial minerals and other natural resources, as well as rights to conduct carbon sequestration and renewable energy activities. Its Mineral Rights segment consists of about 13 million acres of mineral interests and other subsurface rights across the United States. Its ownership provides critical inputs for the manufacturing of steel, electricity, and basic building materials, as well as opportunities for carbon sequestration and renewable energy. Its Soda Ash segment consists of its 49% non-controlling equity interest in Sisecam Wyoming LLC (Sisecam Wyoming), a trona ore mining and soda ash production business located in the Green River Basin of Wyoming. Sisecam Wyoming mines trona and processes it into soda ash that is sold both domestically and internationally into the glass and chemicals industries.
NATURAL RESOURCE PARTNERS L.P. 
