The earnings call highlights NRP's strategic achievements in debt reduction and cash flow generation. However, significant challenges remain due to the decline in coal and soda ash prices, impacting revenue and market position. The company's initiatives in carbon-neutral projects face uncertainties, affecting future potential growth. While financial management shows strength, market conditions pose substantial hurdles.
Company Guidance
During the Natural Resource Partners LP Fourth Quarter 2024 Earnings Conference Call, significant financial metrics were highlighted, reflecting the company's efforts to strengthen its financial position. In 2024, NRP generated $251 million in free cash flow, paid off all remaining preferred units, settled all outstanding warrants, and increased its credit facility capacity by $45 million to $200 million, extending its maturity to 2029. The company reduced its debt to $142 million after paying off over $1.3 billion in financial obligations over the past decade. Despite falling coal and soda ash prices in 2024, NRP managed to produce $184 million in net income and $248 million in operating cash flow for the year. The Mineral Rights segment reported $206 million in net income and $242 million in operating cash flow, though experiencing a decline from the previous year due to weaker coal demand. Meanwhile, the soda ash segment faced challenges with a decrease in net income by $55 million year-over-year, attributed to market oversupply and weakened demand. Corporate and financing improvements included a near 30% expansion of the credit facility and reduced debt-related expenses. The company maintained quarterly distributions of $0.75 per common unit and announced a special distribution of $1.21 per common unit to cover tax liabilities for 2024.
Increased Credit Facility Capacity
NRP increased its credit facility capacity by $45 million to $200 million and extended the maturity date by two years to 2029.
Debt Reduction Achievements
Over the last 10 years, NRP paid off over $1.3 billion of financial obligations, leaving only $142 million of debt remaining.
Free Cash Flow Generation
NRP generated $251 million of free cash flow in 2024, indicating strong cash generation capabilities.
Special Distribution Declared
A special distribution of $1.21 per common unit was declared to cover tax liabilities associated with owning NRP common units in 2024.
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Natural Resource PRN (NRP) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NRP Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 28, 2025
$97.84
$104.13
+6.43%
Nov 05, 2024
$91.43
$96.43
+5.47%
Aug 07, 2024
$86.41
$89.64
+3.74%
May 07, 2024
$85.92
$86.52
+0.70%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Natural Resource Partners (NRP) report earnings?
Natural Resource Partners (NRP) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Natural Resource Partners (NRP) earnings time?
Natural Resource Partners (NRP) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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