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Last $3.00 USD
Change Today +0.04 / 1.35%
Volume 389.3K
NRP On Other Exchanges
Symbol
Exchange
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Frankfurt
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

natural resource partners lp (NRP) Key Developments

Natural Resource Partners LP(NYSE:NRP) dropped from Alerian MLP Index

Natural Resource Partners LP will be removed from Alerian MLP Index.

Natural Resource Partners L.P. Announces Amendment and Extension of $300 Million Revolving Credit Facility

Natural Resource Partners L.P. (NRP) announced that it has closed on the $300 million amended and restated NRP (Operating) LLC revolving credit facility, which extends the maturity of that facility to October 2017 from August 2016. The amendment and extension of the credit facility is one of the key components of NRP's long-term plan previously announced in April. NRP remains committed to this plan to strengthen its balance sheet, reduce its debt and enhance its liquidity.

Natural Resource Partners LP Announces Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2015

Natural Resource Partners LP announced unaudited consolidated earnings and operating results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues and other income of $109,677,000 against $80,309,000 a year ago. Income from operations was $40,417,000 against $52,439,000 a year ago. Net income attributable to Limited partners was $17,489,000 or $0.14 per basic and diluted unit against $31,953,000 or $0.29 per basic and diluted unit a year ago. Net cash provided by operating activities was $55,472,000 against $38,630,000 a year ago. Acquisition of mineral rights was $16,788,000 against $1,804,000 a year ago. Acquisition of plant and equipment was $1,365,000. Distributable cash flow was $53,289,000 compared to $38,927,000 a year ago. Adjusted EBITDA was $64,204,000 against $68,978,000 a year ago. The decrease is mainly related to decreased coal related revenues.  Total revenues and other income for the first quarter 2015 increased 37% due primarily to increased aggregates related revenues and oil and gas related revenues as a result of the VantaCore construction aggregates and Sanish Field oil and gas acquisitions completed in the fourth quarter of 2014.  These increases were partially offset by a decrease in coal related revenues as compared to the first quarter 2014. Distributable cash flow increased by 37%, mainly due to timing of cash payments received by aggregates related business and approximately $5.2 million related to the sale of some minerals rights and assets. For the quarter, the company announced coal production of 11,108 tons compared to 12,252 tons a year ago. Average coal royalty revenue per ton was $3.35 compared to $3.55 a year ago. Coal royalty production was $11,108,000 against $12,252,000 a year ago. Oil production was 307 MBbls against 68 Mbbls a year ago. Natural gas production was 221 Mcf against 15 Mcf a year ago. NGL production was 40 MBoe against 3Mboe a year ago.

Natural Resource Partners LP Announces Dividend for the First Quarter of 2015, Payable on May 14, 2015

Natural Resource Partners LP announced the distribution of $0.09 per common unit with respect to the first quarter of 2015 to be paid on May 14, 2015 to unitholders of record on May 5, 2015.

Natural Resource Partners LP Intends to Exchange Up to $105 Million of its Registered 9.125% Senior Notes Due on 2018

Natural Resource Partners LP announced that it intends to exchange up to $105 million of its registered 9.125% senior notes due 2018 for an equal amount of the old notes that have not been registered under the Securities Act, according to an April 2 regulatory filing. NRP issued $125 million of 9.125% senior notes due 2018 in October 2014. The partnership is seeking to exchange all those old notes, excluding $20 million of the notes sold to an affiliate of the issuers in a private placement. The terms of the new notes are identical to the terms of the old notes, except that the new notes are registered, according to the partnership. The issuance of the new notes will not provide any new proceeds and the exchange offer is solely meant to satisfy NRP's obligations under the registration rights agreement. Wells Fargo Bank NA is serving as an exchange agent for the offer.

 

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NRP Competitors

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Company Last Change
Eagle Rock Energy Partners LP $1.91 USD -0.12
Hallador Energy Co $7.04 USD -0.33
LRR Energy LP $5.29 USD -0.56
Rhino Resource Partners LP $1.01 USD +0.13
Westmoreland Resource Partners LP $6.54 USD -0.55
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Industry Analysis

NRP

Industry Average

Valuation NRP Industry Range
Price/Earnings 3.8x
Price/Sales 1.0x
Price/Book 0.5x
Price/Cash Flow 1.8x
TEV/Sales NM Not Meaningful
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