Natural Resource Partners L.P. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 03, 2023 at 07:03 am EDT
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Natural Resource Partners L.P. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 86.37 million compared to USD 102.26 million a year ago. Net income was USD 62.97 million compared to USD 73.21 million a year ago. Basic earnings per share from continuing operations was USD 3.4 compared to USD 5.25 a year ago. Diluted earnings per share from continuing operations was USD 2.91 compared to USD 3.71 a year ago.
For the nine months, revenue was USD 276.85 million compared to USD 291.91 million a year ago. Net income was USD 210.7 million compared to USD 201.62 million a year ago. Basic earnings per share from continuing operations was USD 10.72 compared to USD 14.36 a year ago. Diluted earnings per share from continuing operations was USD 8.88 compared to USD 10.24 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. 
