Natural Resource (NRP) Q1 Earnings, Revenues Miss Estimates
Zacks Investment Research | May 10, 2017 01:49AM ET
Natural Resource Partners LP (NYSE:NRP) reported first-quarter 2017 adjusted earnings of 3 cents per unit, missing the Zacks Consensus Estimate of $1.67 by 98.2%.
Total Revenue
In the quarter under review, Natural Resource Partners’ total revenue of $88.7 million lagged the Zacks Consensus Estimate of $89.5 million by 0.9%.
Excluding the gain on sale of assets in the first quarter of 2016, total revenue in the current quarter improved nearly 20% year over year.
Segment Details
Coal Royalty and Other segment revenues and other income in the reported quarter increased 29.6% to $51.2 million from $39.5 million reported in the year-ago quarter.
VantaCore segment revenues in the reported quarter were $27.2 million, up 10.1%.
Soda Ash segment revenues were up 5.1% to $10.3 million compared with the year-ago quarter.
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