Natural Resource Partners L.P. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 08, 2019 at 08:00 am EDT
Share
Natural Resource Partners L.P. Announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced total revenue was USD 81.469 million compared to USD 69.619 million a year ago. Operating income was USD 60.844 million compared to USD 52.863 million a year ago. Net income was USD 19.114 million compared to USD 36.646 million a year ago. Basic earnings per share from continuing operations was USD 0.93 compared to USD 2.14 a year ago. Diluted earnings per share from continuing operations was USD 0.85 compared to USD 1.57 a year ago. Basic earnings per share was USD 0.95 compared to USD 2.38 a year ago. Diluted earnings per share was USD 0.87 compared to USD 1.71 a year ago. For the half year, total revenue was USD 148.510 million compared to USD 129.748 million a year ago. Operating income was USD 110.783 million compared to USD 97.099 million a year ago. Net income was USD 54.269 million compared to USD 60.647 million a year ago. Basic earnings per share from continuing operations was USD 3.19 compared to USD 3.65 a year ago. Diluted earnings per share from continuing operations was USD 2.58 compared to USD 2.78 a year ago. Basic earnings per share was USD 3.2 compared to USD 3.73 a year ago. Diluted earnings per share was USD 2.59 compared to USD 2.83 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. 
