NRP issues positive guidance

MASTER limited partnership Natural Resource Partners (NRP) projected it will generate net income of US$68 to $78 million in 2005 as it remained positive high coal prices will continue throughout the year.
NRP issues positive guidance NRP issues positive guidance NRP issues positive guidance NRP issues positive guidance NRP issues positive guidance

NRP president Nick Carter

Angie Tomlinson

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.

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