Natural Resource Partners Q2 revenue rises on higher coal volumes
NRP•Outlook
- NRP says it is on track to pay off all debt and raise distributions before year-end
- Company does not expect to receive distributions from Sisecam Wyoming for several years
- Mineral Rights segment results continue to be impacted by low natural gas prices and soft global steel demand
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | $48.11 mln | ||
| Q2 EPS | $1.85 | ||
| Q2 Net Income | $25.18 mln | ||
| Q2 Free Cash Flow | $41.72 mln | ||
| Q2 Income from Operations | $26.23 mln | ||
| Q2 Operating Cash Flow | $40.95 mln | ||
| Q2 Operating Expenses | $21.88 mln |
Result drivers
- Coal volumes and prices - Mineral Rights revenue rose on higher metallurgical and thermal coal sales volumes and higher prices at certain properties
- Thermal property depletion - Mineral Rights net income fell due to revised engineering and increased depletion rate at a thermal property
- Soda ash market weakness - Soda Ash segment net income and cash flow declined due to lower sales prices and no distribution from Sisecam Wyoming
