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Natural Resource Partners (NRP) Lags Q1 Earnings, Sales Estimates


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Natural Resource Partners LP NRP reported first-quarter 2018 adjusted earnings of $1.16 per unit, missing the Zacks Consensus Estimate of $1.26 by 8%. The figure improved from the year-ago quarter's tally.

Total Revenues

In the quarter under review, Natural Resource's total revenues of $89 million missed the Zacks Consensus Estimate of $99 million by 10.1% and were in line with the year-ago quarter's figure.

Natural Resource Partners LP Price, Consensus and EPS Surprise

Natural Resource Partners LP Price, Consensus and EPS Surprise | Natural Resource Partners LP Quote

Segment Details

The Coal Royalty and Other segment's revenues and other income (excluding gains on asset sales) fell 2.1% year over year to $52.24 million.

The Construction Aggregates segment's revenues in the first quarter were $27.2 million, down nearly 0.3% from the prior-year quarter's level.

Revenues in Soda Ash segment was $9.6 million down from $10.3 million in the prior-year quarter.

Highlights of the Release

Total coal production in the reported quarter was 6292 tons down from 8434 tons in the prior-year quarter.  In the first quarter, combined average coal royalty revenue per ton was $4.93 down from $3.98 in the year-ago quarter.

Total operating expenses in the reported quarter were down 13% to $45 million from $51.7 million in the prior-year quarter.

Interest expenses dropped 22.2% to $18 million from $23.1million in the year-ago quarter.

Financial Condition

Natural Resource Partners had cash and cash equivalents of $21.1 million as of Mar 31, 2018, down from $29.8 million as of Dec 31, 2017.

The partnership continues to lower outstanding debt levels. Long-term debt was $724.8 million as of Mar 31, 2018, down from $729.6 million as of Dec 31, 2017.

Cash provided from operating activities in first quarter was $19.7 million, down from $20.2 million in the prior-year quarter.

Zacks Rank

Natural Resource carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

Performance of Other Coal industry Stocks

CONSOL Coal Resources LP's CCR first-quarter 2018 adjusted earnings per unit of 78 cents, which beat the Zacks Consensus Estimate of 43 cents by 81.4%.

Cloud Peak Energy CLD reported a loss of 10 cents in first-quarter 2018, wider than the Zacks Consensus Estimate of a loss of 8 cents.

Arch Coal Inc. ARCH reported first-quarter 2018 operating earnings of $2.95 per share, missing the Zacks Consensus Estimate of $4.00 by 26.25%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Business , Earnings , Stocks
Referenced Symbols: NRP , CLD , ARCH , CCR


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