Natural Resource Partners Earnings: Here’s Why the Stock is Up Now
Natural Resource Partners LP (NYSE:NRP) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.27%.
Natural Resource Partners LP Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 8.51% to $0.43 in the quarter versus EPS of $0.47 in the year-earlier quarter.
Revenue: Rose 2.65% to $94.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Natural Resource Partners LP reported adjusted EPS income of $0.43 per share. By that measure, the company beat the mean analyst estimate of $0.39. It beat the average revenue estimate of $87.63 million.
Quoting Management: “Our first quarter results were in line with our expectations. As we entered 2013, we anticipated that our efforts to diversify through our investments in OCI Wyoming’s trona mining operation and in the Illinois Basin would help mitigate the soft Appalachian coal market in early 2013,” said Nick Carter, President and Chief Operating Officer. “We anticipate slight improvements in the coal markets occurring in the second half of the year.”
Key Stats (on next page)…