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Natural Resource (NRP) Q2 Earnings & Revenues Beat Estimates

Zacks Equity Research

Natural Resource Partners LP NRP delivered second-quarter 2019 adjusted earnings of $2.74 per unit, which beat the Zacks Consensus Estimate of $1.42 by 92.96%.

Total Revenues

In the quarter, total revenues of $81.5 million beat the Zacks Consensus Estimate of $62 million by 32.47%. Also, the top line improved 17% from the year-ago quarter’s level.

The upside was driven by revenues in the higher Coal Royalty and Other segments as well as Transportation and processing services.

Natural Resource Partners LP Price, Consensus and EPS Surprise

 

Natural Resource Partners LP Price, Consensus and EPS Surprise

Natural Resource Partners LP price-consensus-eps-surprise-chart | Natural Resource Partners LP Quote

 

Highlights of the Release

The Coal Royalty and Other segment contributed 79.3% to total revenues in the second quarter.

Total operating expenses in the quarter rose 23.4% to $20.6 million from $16.7 million in the prior-year quarter. The uptick can be attributed to higher operating and maintenance as well as general and administrative expenses.

Interest expenses declined 29.7% to $12.4 million from $17.7 million in the year-ago quarter.

Financial Condition

Natural Resource had cash and cash equivalents of $70.8 million as of Jun 30, 2019, down from $101.8 million as of Dec 31, 2018.

The partnership continues to lower outstanding debt levels. Long-term debt was $498 million as of Jun 30, 2019, down from $557.5 million as of Dec 31, 2018.

Cash flow from operating activities in the first six months of 2019 was $76.2 million, up from $71.3 million in first six months of 2018.

Zacks Rank

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

Coal Releases

Arch Coal Inc ARCH delivered second-quarter 2019 operating earnings of $3.53 per share, which beat the Zacks Consensus Estimate of $3.31 by 6.65%.

Alliance Resource Partners, L.P. ARLP reported second-quarter 2019 operating earnings of 44 per unit, which missing the Zacks Consensus Estimate of 65 cents by 32.3%.

SunCoke Energy Inc SXC delivered second-quarter 2019 operating earnings of 3 cents per share, which lagged the Zacks Consensus Estimate of 20 cents by 85%.

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