Natural Resource Partners L.P. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 04, 2023 at 06:55 am EDT
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Natural Resource Partners L.P. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 91.26 million compared to USD 99.93 million a year ago. Net income was USD 69.58 million compared to USD 65.63 million a year ago. Basic earnings per share from continuing operations was USD 2.93 compared to USD 4.65 a year ago. Diluted earnings per share from continuing operations was USD 2.49 compared to USD 3.29 a year ago.
For the six months, revenue was USD 190.48 million compared to USD 189.65 million a year ago. Net income was USD 147.73 million compared to USD 128.41 million a year ago. Basic earnings per share from continuing operations was USD 7.32 compared to USD 9.1 a year ago. Diluted earnings per share from continuing operations was USD 5.96 compared to USD 6.5 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. 
