NATURAL RESOURCE PARTNERS L.P Publishes FY 2023 Second Quarter Earnings Results
August 15, 2023
☀️Earnings Overview
NATURAL RESOURCE PARTNERS L.P ($NYSE:NRP) released their second quarter earnings results for the fiscal year of 2023 on June 30, 2023. Revenue for the quarter was USD 64.3 million, a decline of 24.3% from the same quarter in the previous year. Net income for the quarter was USD 70.3 million, a rise of 5.3% from the same quarter the year before.
Share Price
The company opened at $61.0 and closed at $68.0, representing an increase of 7.1% from its prior closing price of 63.5. This marked a successful quarter for the company as it was able to outperform the previous quarter’s earnings and show a significant jump in stock prices. The company was able to benefit from strong demand for its products and services. The company has been able to capitalize on its land investments due to strong demand in the market, allowing them to post an increase in operating income.
Overall, NATURAL RESOURCE PARTNERS L.P had a successful second quarter, as they were able to outperform the previous quarter’s earnings. Their stock prices rose significantly, and their revenue and operating income also increased, showing that the company is still succeeding despite the economic uncertainty of the pandemic. As long as demand for their products and services remains strong, NATURAL RESOURCE PARTNERS L.P should continue to show positive results in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NRP. More…
| Total Revenues | Net Income | Net Margin |
| 312.41 | 212.56 | 93.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NRP. More…
| Operations | Investing | Financing |
| 305.63 | 3.08 | -357.34 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NRP. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 820.26 | 320.5 | 39.55 |
Key Ratios Snapshot
Some of the financial key ratios for NRP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 26.9% | 32.6% | 96.8% |
| FCF Margin | ROE | ROA |
| 97.8% | 39.0% | 23.0% |
Analysis
GoodWhale has completed an analysis of the fundamentals of NATURAL RESOURCE PARTNERS L.P, and based on our Risk Rating, this is a medium risk investment. We have detected one risk warning in the balance sheet, which registered users can access for further information. We evaluated numerous factors to determine this risk rating, including the company’s liquidity, solvency, profitability, and financial leverage. Our analysis also extended to the company’s business fundamentals, such as its competitive position and industry trends. By utilizing GoodWhale’s Risk Rating system, investors can make more informed decisions about potential investments. We are proud to provide a comprehensive assessment of NATURAL RESOURCE PARTNERS L.P’s fundamentals, so that investors can make the best decision for their portfolios. More…
Peers
The competition between Natural Resources Partners LP and its competitors, BlackGold Natural Resources Ltd, PT Alfa Energi Investama Tbk, and Sharpe Resources Corp, is intense as they vie to become the leading natural resource partner in the global market. Each company brings its own unique set of strengths and expertise to the table, making the competition challenging and dynamic.
– BlackGold Natural Resources Ltd ($SGX:41H)
BlackGold Natural Resources Ltd is a Canadian energy company focused on developing and producing oil and gas assets in Alberta and Saskatchewan. The company has a current market cap of 6.45M as of 2023 and a Return on Equity of -4.73%. Market capitalization is a measure of the company’s overall size and is calculated by multiplying the current share price by the total number of outstanding shares. The ROE, on the other hand, measures how efficiently the company is using its shareholders’ equity to generate profits. A negative ROE indicates that the company is not generating profits, which may indicate poor management or weak market conditions.
– PT Alfa Energi Investama Tbk ($IDX:FIRE)
PT Alfa Energi Investama Tbk is an Indonesian power company that specializes in the generation, transmission, distribution, and trading of electricity. The company has a market capitalization of 172.18B as of 2023 and a Return on Equity of -18.75%. This indicates that the company’s shareholders are not seeing a return on their investments due to the company’s poor financial performance. Despite this, the company remains a major player in the Indonesian energy industry, with plans to expand its operations in the near future.
– Sharpe Resources Corp ($OTCPK:SHGP)
Sharp Resources Corp is an energy exploration and production company that operates in the US and Canada. The company has a market capitalization of $197.29k as of 2023, which is a reflection of its size and financial stability. It has a Return on Equity (ROE) of 4.55%, which shows that the company is able to efficiently use its investments to generate profits. Overall, Sharp Resources Corp is an attractive investment opportunity for investors looking for long-term growth potential.
Summary
Natural Resource Partners L.P. released their second quarter financial results for the fiscal year 2023 on June 30th, showing total revenue of USD 64.3 million, a decrease of 24.3% from the same period last year. Net income was USD 70.3 million, an increase of 5.3%, indicating more efficient use of resources. These results were reflected in the stock price which moved up the same day, making for a good investment opportunity for those looking to get into the company. With total revenue and net income both displaying positive change, investors should remain confident in the prospects of Natural Resource Partners L.P. and take advantage of this opportunity for growth.
Related Posts
Recent Posts
