NATURAL RESOURCE PARTNERS L.P Reports Positive Earnings Growth with 13.6% Increase in Revenue and 10.4% Increase in Net Income for Fourth Quarter of FY2022.

Earnings report

NATURAL RESOURCE PARTNERS L.P ($NYSE:NRP), a publicly traded master limited partnership (MLP) engaged in the business of owning, managing and leasing a diversified portfolio of natural resource-based properties across the United States, reported its earnings results for the fourth quarter of FY2022 (ending December 31 2022) on March 2 2023. The company reported total revenue of USD 63.2 million for the quarter, representing a 13.6% increase from the same period in the prior year. This increase in revenue was attributable to higher leases and royalties from oil and gas and coal properties, along with gains from the sale of real estate properties. Net income for the quarter was USD 80.9 million, a 10.4% increase year over year. This growth was primarily driven by higher natural resource royalties, combined with an increase in interest and other income.

Additionally, the company benefited from lower income tax expenses due to changes in federal laws during the quarter. Overall, NATURAL RESOURCE PARTNERS L.P reported positive earnings growth with a 13.6% increase in revenue and 10.4% increase in net income for the fourth quarter of FY2022. This earnings growth demonstrates the company’s success in managing its diverse portfolio of natural resource-based properties.

Price History

This jump in profits was reflected in the stock price which opened at $60.0 and closed at $61.0, a 7.1% increase from the previous closing price of 57.0. Investors responded positively to this news, driving the stock up as they assessed the long-term potential of the company. NRP’s fourth-quarter earnings reveal a company that is successfully navigating the current economic climate to continue its strong performance.

The revenue growth reflects a well-established business model that is generating steady profits and appealing to investors who are looking for sustainable long-term growth opportunities. The 10.4% increase in net income was particularly impressive given the volatile market conditions seen in recent months, and suggests that NRP is well-positioned to continue its upward trajectory in the foreseeable future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for NRP. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for NRP. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for NRP. More…

Key Ratios Snapshot

Some of the financial key ratios for NRP are shown below. More…

Analysis

If you are interested in analyzing the fundamentals of NATURAL RESOURCE PARTNERS L.P, then look no further than GoodWhale! Our Risk Rating gives NATURAL RESOURCE PARTNERS L.P a medium rating, indicating that it is a medium risk investment in terms of both financial and business aspects. GoodWhale has also detected 1 risk warning in the balance sheet. As a registered user, you can unlock more details and gain insights into potentially risky areas. Sign up today to get the most out of GoodWhale and make the most informed decisions when it comes to your investments! 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 (NRP) recently reported their quarterly financial results, showing increased revenue and profitability. Total revenue for the quarter was 63.2 million USD, a 13.6% increase year-over-year. The company also reported a 10.4% increase in net income, reaching 80.9 million USD.

The stock price responded positively to the news, and investors were clearly pleased with the strong results. NRP’s financial performance reflects the potential of investing in natural resources and gives potential investors further confidence in the potential growth of NRP.