Natural Resource Partners L.P. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 05, 2020 at 07:01 am EST
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Natural Resource Partners L.P. Announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was USD 29.930 million compared to USD 63.709 million a year ago. Operating income was USD 17.470 million compared to USD 49.594 million a year ago. Net income was USD 7.221 million compared to USD 38.536 million a year ago. Basic earnings per share was USD 0.02 compared to USD 2.53 a year ago. Diluted earnings per share was USD 0.02 compared to USD 1.66 a year ago. For the nine months, total revenue was USD 101.155 million compared to USD 212.219 million a year ago. Operating loss was USD 68.615 million compared to operating Income of USD 160.377 million a year ago. Net loss was USD 97.064 million compared to net income of USD 92.805 million a year ago. Basic loss per share was USD 9.76 compared to basic earnings per share of USD 5.73 a year ago. Diluted loss per share was USD 9.76 compared to diluted earnings per share of USD 3.92 a year ago. Basic loss per share from continuing operations was USD 9.76 compared to basic earnings per share from continuing operations of USD 5.72 a year ago. Diluted loss per share from continuing operations was USD 9.76 compared to diluted earnings per share from continuing operations of USD 3.91 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. 
