Fri, Jul 11, 2014, 11:31 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Natural Resource Partners LP Message Board

  • jrad52 jrad52 Jan 1, 2014 4:37 PM Flag

    Coal MLP performance in 2013

    Compared to the C Corp coal miners, the coal MLPs did pretty well in 2013. The corps were BTU (down 25% for the year including dividends), ANR (down 27%), ACI (down 38% inc dividends), WLT (down 53% inc dividends) and CLD (down 7%). I'm sure there are others that I didn't think of.

    For the year, NRP was up 19%, ARLP was up 40%, AHGP was up 30% and PVR (not as much in coal anymore) was up 12%, all including distributions. Those are the only coal MLPs with market caps over $ 1 billion, which is sort of my minimum for most investing. Of the 2 smaller coal MLPs, RNO was down 4%, including distributions, and OXF was down 72%. OXF stopped paying distributions in 2012. It's public market cap is under $ 30 million, and it was never big enough to survive any downturn.

    So if there's a trading turnaround in early 2014, I suspect it will benefit the corporations more than the MLPs. But a rising tide lifts all ships, and I'm hoping for a bit of an additional bounce.

    I'm always touting ARLP over NRP, so here's my first boost of 2014 - since 1/1/2004 (when I started keeping track), ARLP has returned 510% versus 87% for NRP and 157% for PVR, all including distributions. In fact, the only return that NRP investors have earned over the years is the distribution; the current price is lower than the 12/31/03 price.

    In the past 5 years, ARLP has increased its distributions 80% versus 9% for NRP. And I think AHGP (ARLP's GP) has done even better than ARLP over the years, but I could be wrong. If you have any faith in thermal coal whatsoever, ARLP is the MLP to buy.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
NRP
16.28-0.01(-0.06%)Jul 11 4:02 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Potbelly Corporation
NasdaqGSFri, Jul 11, 2014 4:00 PM EDT
ACI Worldwide, Inc.
NasdaqGSFri, Jul 11, 2014 4:00 PM EDT
MGIC Investment Corp.
NYSEFri, Jul 11, 2014 4:01 PM EDT