Natural Resource Partners L.P. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
March 02, 2023 at 06:59 am EST
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Natural Resource Partners L.P. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported revenue was USD 97.06 million compared to USD 83.91 million a year ago. Net income was USD 62.1 million compared to USD 54.69 million a year ago. Basic earnings per share from continuing operations was USD 4.37 compared to USD 3.77 a year ago. Diluted earnings per share from continuing operations was USD 3.13 compared to USD 2.42 a year ago.
For the full year, revenue was USD 388.96 million compared to USD 216.36 million a year ago. Net income was USD 263.72 million compared to USD 107.36 million a year ago. Basic earnings per share from continuing operations was USD 18.72 compared to USD 6.14 a year ago. Diluted earnings per share from continuing operations was USD 13.39 compared to USD 4.81 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. 
