Natural Resource Partners LP (NYSE:NRP) owners of mineral properties, is reporting third quarter earnings results on Thursday 5th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.30 per share from $ 37.70 million in revenue.
For the full year, analysts predict revenues of $ 151.30 million, while looking forward to loss of $ 9 per share.
Previous Quarter Performance
Natural Resource Partners LP announced income for the second quarter of $ 0.55 per share, from the revenue of $ 31.01 million. The quarterly earnings contracted 68.57 percent while revenues fell 61.94 percent compared with the same quarter last year.
Street analysts expected Natural Resource Partners LP to report income of $ 0.25 per share on revenue of $ 37.80 million for the second quarter. The bottom line results beat street analysts by $ 0.3 or 120.00 percent, at the same time, top line results fell short of analysts by $ 6.79 million or 17.96 percent.
Stock Performance
Shares of Natural Resource Partners LP traded low $ -0.10 or -0.78 percent on Wednesday, reaching $ 12.66 with volume of 3.30 thousand shares. Natural Resource Partners LP has traded high as $ 12.93 and has cracked $ 12.65 on the downward trend
The closing price of $ 12.66, representing a 50.12 % increase from the 52 week low of $ 8.50 and a 52.21 % decrease over the 52 week high of $ 26.70.
The company has a market capital of $ 155.23 million and is part of the Basic Materials sector and Coal industry.
Recent Stock Dividend Announcement
On August 7, 2020, the board of directors authorized quarterly dividend of $ 0.45 per share to holders of record as of the close of business on August 19, 2020, with payment date of August 26, 2020 and ex-dividend date on August 18, 2020.
Conference Call
Natural Resource Partners LP will be hosting a conference call at 9:00 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.nrplp.com
Natural Resource Partners L.P., through its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates through two segments, Coal Royalty and Other, and Soda Ash. The company owns interests in coal, soda ash, trona, and other natural resources.
