Natural Resource Partners Reports Strong 2024 Earnings

Natural Resource Partners ( (NRP) ) has released its Q4 earnings. Here is a breakdown of the information Natural Resource Partners presented to its investors.

Natural Resource Partners L.P., a diversified natural resource company based in Houston, Texas, manages and leases a portfolio of properties in the U.S., including coal and industrial minerals, and engages in carbon sequestration and renewable energy activities. In its latest earnings report, the company announced a net income of $183.6 million for 2024 and a special distribution of $1.21 per common unit. The company generated $251 million in free cash flow and paid total distributions of $5.44 per common unit in 2024. It also retired all outstanding preferred units and warrants, reducing its financial obligations to $142 million. Despite a decrease in mineral rights and soda ash net income due to lower coal and soda ash prices, the company maintained a strong liquidity position with $116.7 million available. Looking ahead, Natural Resource Partners remains focused on de-levering and exploring carbon-neutral revenue sources, while managing the challenges of low coal and soda ash prices.