Natural Resource Partners (NRP) Reports Q2 Revenues Miss

Natural Resource Partners (NYSE: NRP) reported Q2 EPS of ($10.64), versus $0.87 reported last year. Revenue for the quarter came in at $31.01 million versus the consensus estimate of $37.8 million.

"NRP continues to operate under government guidelines and employ remote work protocols. Our people are safe and the company is conducting business as usual," said Craig Nunez, NRP's President and Chief Operating Officer. "While the COVID-19 pandemic continues to have a significant negative impact on demand for steel, electricity and glass, which translates to lower demand for coal and soda ash, we continue to believe that our ample liquidity, continued free cash flow generation and the fact that our parent company bonds do not mature until 2025 will provide us with the financial flexibility and margin of safety necessary to manage through the downturn.”

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

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