Natural Resource Partners (NRP) Tops Q4 EPS by 61c, Revenues Miss

Natural Resource Partners (NYSE: NRP) reported Q4 EPS of $1.69, $0.61 better than the analyst estimate of $1.08. Revenue for the quarter came in at $90.56 million versus the consensus estimate of $95.1 million.

"NRP ended the year delivering another robust quarter of financial results, highlighted by the favorable Hillsboro settlement and the successful sale of our construction aggregates business," stated NRP’s President and Chief Operating Officer, Craig Nunez. “We generated significant amounts of cash from operations as we continued to see strong demand for our metallurgical and thermal coal throughout 2018. Additionally, the sale of our construction aggregates business for $205 million accelerated the de-levering and de-risking of our capital structure as we used the net cash proceeds to repay $143 million of debt to date, and plan to use the remaining proceeds to repay our Opco notes as they amortize in 2019, all at par value. This has been a transformative year for NRP and we are focused on continuing to position the company for a more secure future.”

For earnings history and earnings-related data on Natural Resource Partners (NRP) click here.

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