Production volumes were expected to range between 49.5 million tons and 53Mt, 25% of which will be metallurgical coal.

 

Coal royalty revenues were expected to range from $115 million to $125 million based on coal royalty revenue per ton of between $2.25 and $2.40. Total revenues were expected to range between $126 million and $138 million.

 

NRP also announced a quarterly distribution of $0.6625 per unit, making the December quarter the sixth consecutive quarter NRP had increased its distribution and represents an 18% increase over the same period last year.

 

NRP holds 1.8 billion tons of proven and probable reserves in Appalachia, the Illinois Basin and the Northern Powder River Basin.