Natural Resource Partners LP (NRP) reported quarterly earnings results on Friday, May-6-2016. The company said it had a profit of $1.88 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.68. Analysts had a consensus of $1.20. The company posted revenue of $102.80 million in the period, compared to analysts expectations of $100.74 million. The company’s revenue was down -6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS.
Natural Resource Partners LP closed down -0.39 points or -2.95% at $12.82 with 28,255 shares getting traded on Wednesday. Post opening the session at $13.25, the shares hit an intraday low of $12.76 and an intraday high of $13.33 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Dec 18, 2015, David M Hartz (VP, Oil and Gas) purchased 228 shares at $10.90 per share price. According to the SEC, on May 13, 2015, Richard A Navarre (director) purchased 10,000 shares at $4.98 per share price.
Natural Resource Partners L.P.is a limited partnership company. The Company is engaged principally in the business of owning managing and leasing a portfolio of mineral properties in the United States including interests in coal trona and soda ash crude oil and natural gas construction aggregates frac sand and other natural resources. The companys coal reserves are located in the three United States coal-producing regions: Appalachia the Illinois Basin and the Western United States as well as lignite reserves in the Gulf Coast region. The company leases its reserves to mine operators under long-term leases that grant the operators the right to mine and sell its reserves in exchange for royalty payments. It also owns and manages infrastructure assets that generate revenues primarily in the Illinois Basin.