NATURAL RESOURCE PARTNERS LP NRP Income Statement

Natural resource partners lp (NRP)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues
230,866	257,437	269,545	270,150	258,378	251,071	280,252	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Aggregates related revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	11,181	9,035	7,838	6,598	6,671	7,127	7,256	6,734	6,507	6,014	4,533	4,230	4,547	4,288	0	0	0
Oil and gas related revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Coal royalties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	260,734	260,691	265,408	273,772	279,221	268,209	253,375	239,965	221,761	214,442	200,680	0	0	0
Equity in earnings of unconsolidated investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Processing fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,299	10,151	12,477	12,512	13,475	13,153	11,529	11,049	9,604	8,188	8,245	0	0	0
Transportation fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,513	18,441	18,199	16,698	16,688	16,069	15,589	15,887	14,564	14,152	13,356	0	0	0
Oil and gas revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,535	9,160	10,682	14,495	12,413	14,017	13,568	9,522	9,613	7,720	5,402	5,342	0	0	0
Property taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	15,657	15,250	14,732	15,273	14,498	13,870	14,116	12,640	11,848	12,426	11,631	11,270	12,296	11,258	0	0	0
Minimums recognized as revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23,956	17,440	18,773	20,355	9,148	9,081	10,434	11,332	14,199	11,349	7,634	0	0	0
Override royalties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,527	15,855	16,627	16,622	14,523	13,175	11,669	11,334	11,258	10,826	9,537	0	0	0
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	9,395	14,406	19,588	20,087	15,417	11,859	10,959	11,237	10,481	9,121	7,390	6,795	6,618	6,215	0	0	0
Revenues and other income
-	-	-	-	-	-	-	-	-	-	-	0	0	-	377,376	398,127	399,038	432,748	427,091	406,501	376,834	349,532	357,223	347,851	344,094	358,117	365,809	377,747	381,607	379,147	369,846	378,835	384,703	377,683	362,091	339,679	322,734	301,401	287,820	266,555	0	0	0
Revenue from Related Parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on asset sales and disposals
6,242	6,498	8,146	2,046	2,046	2,441	775	946	4,107	3,500	5,364	11,619	7,187	29,068	26,826	22,233	26,759	6,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues and other income
237,108	263,935	302,776	297,274	285,424	278,512	157,365	192,445	217,757	246,325	244,213	248,800	272,115	279,244	404,202	420,360	425,797	439,648	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating expenses
Operating and maintenance expenses
29,580	32,738	35,200	35,996	31,654	29,509	-47,084	-21,433	1,470	24,883	26,002	24,803	23,580	20,737	112,819	119,323	126,307	136,943	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating and maintenance expenses—affiliates
-	-	-	-	-	-	-	-	-	-	6,133	8,041	8,224	9,153	16,972	14,654	15,731	15,323	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation, depletion and amortization
12,552	14,932	18,071	19,575	20,981	21,689	12,583	16,001	18,790	23,414	22,595	26,218	28,525	28,581	31,086	34,823	42,521	57,295	67,358	70,313	68,493	58,586	63,970	63,201	64,262	64,377	66,180	62,813	60,574	58,221	55,608	60,942	63,205	65,118	64,506	60,882	59,932	56,978	57,000	62,801	0	0	0
Amortization expense—affiliate
-	-	-	-	-	-	-	-	-	-	1,865	2,767	3,231	3,185	3,433	3,302	3,505	3,621	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Coal related expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Coal related expensesaffiliates, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Aggregates related expenses, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Aggregates related expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Oil and gas related expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative expenses
16,293	16,730	18,513	17,443	16,510	16,496	18,527	17,992	16,760	18,502	17,060	18,680	19,822	16,979	11,698	9,239	7,984	7,036	-243	2,773	6,884	7,287	-2,773	-293	2,556	11,452	33,279	34,199	32,350	29,714	31,601	28,897	28,307	29,553	29,946	33,186	33,541	29,893	26,689	23,762	0	0	0
General and administrative—affiliates
-	-	-	-	-	-	-	-	-	-	4,104	3,764	3,778	3,591	4,173	5,730	5,165	5,312	-2,110	-1,451	1,248	3,258	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property, franchise and other taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	16,848	17,467	17,013	17,678	17,208	16,270	15,805	14,486	14,213	14,878	15,070	15,107	16,085	14,656	0	0	0
Asset impairments
-	-	18,522	18,038	-	18,280	1,431	1,431	1,431	2,967	9,958	15,655	15,746	15,861	26,720	382,726	386,438	384,545	365,506	9,427	0	-	0	0	-	734	0	0	0	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Transportation costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,740	1,731	1,930	1,944	1,948	2,042	2,038	2,033	1,959	2,033	2,067	1,864	1,839	1,698	0	0	0
Coal royalty and override payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,287	1,526	2,012	1,857	1,718	1,428	914	1,022	947	972	1,114	1,498	1,604	1,718	0	0	0
Total operating expenses
206,639	212,614	90,306	91,052	87,183	85,974	-25,662	6,233	34,004	69,766	87,717	99,928	102,906	98,087	206,901	569,797	587,651	610,075	626,650	241,369	216,168	174,778	132,602	126,633	117,947	121,881	123,119	121,038	116,738	111,982	178,487	270,915	271,605	273,548	202,503	111,951	111,724	105,340	103,217	104,635	0	0	0
Income from operations
30,469	51,321	212,470	206,222	198,241	192,538	183,027	186,212	183,753	176,559	156,496	148,872	169,209	181,157	197,301	-149,437	-161,854	-170,427	-190,819	172,039	164,118	176,140	224,621	221,218	226,147	236,236	242,690	256,709	264,869	267,165	191,359	107,920	113,098	104,135	159,588	227,728	211,010	196,061	184,603	161,920	0	0	0
Other expenses, net
Interest expense, net
43,587	47,453	54,062	61,124	66,402	70,178	71,724	74,263	76,837	82,028	86,748	89,207	90,953	90,008	87,794	87,744	87,164	87,911	88,243	84,664	82,227	79,144	77,536	74,190	69,593	64,396	57,776	55,937	55,075	53,972	54,200	53,302	52,153	49,180	46,151	43,576	41,493	41,635	42,041	42,512	0	0	0
Interest expense—affiliate
-	-	-	-	-	-	-	-	-	-	-	-	-	523	987	1,449	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains (Losses) on Restructuring of Debt
-	-	-	-	-	-	-	-	-	-7,939	-7,939	-7,939	-7,807	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Expenses
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Warrant issuance expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value adjustments for warrant liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	0	-	31	28	22	18	37	45	85	96	81	91	223	238	290	307	158	162	133	114	106	69	50	47	35	35	43	126	0	0	0
Interest Revenue (Expense), Net
-	-	-	-	-	-	-	-	-	-	-98,806	-101,262	-98,823	-90,531	-89,211	-89,628	-89,455	-89,744	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income from continuing operations
-42,400	-25,414	129,126	115,816	131,839	122,360	111,286	111,932	102,660	82,485	57,690	47,610	70,386	90,626	-239,333	-219,363	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations
1,002	956	14,172	16,853	19,589	17,687	10,410	7,289	4,441	6,182	3,758	11,303	8,983	6,266	-267,264	-278,187	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expense, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-41,398	-24,458	143,298	132,669	151,428	140,047	117,055	114,504	0	-	0	0	-	-	-	-	-	-	0	0	-	-	0	0	0	-	185,204	201,079	209,952	213,355	137,292	54,732	61,051	55,024	113,487	184,199	169,552	154,461	142,605	119,534	0	0	0
Net income attributable to non-controlling interest
-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	0	0	-	-	0	-	0	-	0	-	0	-	947	947	998	998	0	0	0	-	-	-	0	0	0
Net Income (Loss) Attributable to Parent
-	-	143,298	133,028	-	139,537	121,186	118,352	107,101	88,667	61,448	58,913	79,369	96,892	71,618	-550,670	-565,782	-571,720	-541,289	93,641	93,714	108,830	147,166	147,119	156,777	172,078	185,204	201,079	209,952	213,355	136,345	53,785	60,053	54,026	113,436	184,148	169,552	154,461	142,605	119,534	0	0	0
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest, Allocated to Preferred Unit Holders
30,000	30,000	30,000	30,000	30,000	30,000	30,312	30,462	30,500	25,500	17,688	10,038	2,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to common unitholders and general partner
-71,398	-54,458	113,298	103,028	120,918	109,537	90,921	87,937	76,648	63,214	43,760	48,875	76,869	96,892	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) from continuing operations attributable to limited partners
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) from discontinued operations, attributable to limited partners
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Holders of incentive distribution rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-25,966	30,943	43,123	0	0	0
Net income attributable to common unitholders
-69,971	-53,369	111,032	100,968	118,500	107,346	89,104	86,178	75,047	61,950	0	0	0	-	-	-	-	-559,492	-404,232	217,231	155,745	106,653	18,759	18,712	89,735	168,636	181,500	197,058	205,753	209,088	133,618	52,709	58,852	52,945	111,167	180,465	153,437	125,925	109,429	74,883	0	0	0
Net income (loss) from continuing operations attributable to the general partner
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) from discontinued operations attributable to the general partner
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to the general partner
-1,427	-1,089	2,266	2,060	2,418	2,191	1,817	1,759	1,601	1,264	0	0	0	-	-	-	-	-12,228	-11,593	1,874	1,875	2,177	7,947	6,501	5,052	3,442	-3,704	-4,021	-4,199	-4,267	-6,787	-5,136	-3,013	-1,081	-1,649	-1,457	-2,008	-2,570	2,233	1,528	0	0	0
Income from continuing operations per common unit
Basic (in dollars per share)
0.90	-10.15	2.53	0.93	2.26	2.21	1.50	2.14	1.50	1.30	1.51	1.46	0.30	-0.06	1.32	3.90	2.12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in dollars per share)
0.52	-8.69	1.66	0.85	1.75	1.99	1.18	1.57	1.16	1.17	1.08	1.13	0.30	-0.06	1.32	3.90	2.12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income per common unit
Basic (in dollars per share)
0.90	-10.09	2.53	0.95	2.26	3.33	1.71	2.38	1.35	1.83	1.48	1.47	0.28	0.28	1.89	3.73	1.88	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in dollars per share)
0.52	-8.63	1.66	0.87	1.75	2.67	1.30	1.71	1.08	1.48	1.07	1.13	0.28	0.28	1.89	3.73	1.88	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) per common unit from continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-26.34	2.82	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) per common unit from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-21.57	-0.31	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic and diluted net income (loss) per common unit (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-47.91	2.51	1.40	8.53	0.32	0.28	0.29	14.27	0.32	0.37	0.43	-	0.48	-	-	-	-	-	-	-	-	-	-	-	-
Basic and diluted net income per limited partner unit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.46	0.47	-	-0.28	0.52	0.42	0.41	0.51	0.38	0.24	0.36	0.07
Weighted average number of common units outstanding (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,232	12,232	12,230	-286,191	111,244	110,403	109,848	-284,679	109,812	109,812	108,887	106,028	106,028	106,028	106,028	106,028	106,028	106,028	106,028	106,293	77,896	74,028	69,451	69,451	66,946
Net income (loss)
-41,398	-24,458	143,298	132,669	151,428	140,047	117,055	114,504	0	-	0	0	-	-	-	-	-	-	-	-	-	-	0	0	0	-	185,204	201,079	209,952	213,355	137,292	54,732	61,051	55,024	113,487	184,199	169,552	154,461	142,605	119,534	0	0	0
Net income
-	-	143,298	133,028	-	139,537	121,186	118,352	107,101	88,667	81,491	101,871	0	-	0	0	-	-	-	-	-	108,830	147,166	147,119	156,777	172,078	185,204	201,079	209,952	213,355	136,345	53,785	60,053	54,026	113,436	184,148	169,552	154,461	142,605	119,534	0	0	0
Comprehensive income (loss) from unconsolidated investment and other
-1,160	868	279	1,590	1,981	-149	-1,002	-2,061	-1,640	-1,647	-235	-576	-101	486	-494	-1,021	-1,273	-1,693	-2,077	-571	-945	-81	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: comprehensive loss attributable to non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest
-42,558	-23,590	143,577	134,259	153,409	139,898	120,694	117,160	105,461	87,020	61,213	58,337	79,268	97,378	71,124	-551,691	-567,055	-573,413	0	0	0	-	-	-	-	172,143	187,363	203,211	212,046	213,405	136,397	53,837	60,104	54,079	0	0	0	-	-	-	-	-	-
Comprehensive income attributable to non-controlling interest
-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income (loss) attributable to NRP
-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Coal Royalty and Other
Revenues
173,000	191,069	198,003	200,602	183,906	178,878	205,444	206,433	191,281	181,801	0	0	0	-	-	-	-	-	-	-	-	181,526	114,163	136,492	169,628	213,825	274,935	283,190	278,661	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenue from Related Parties
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Construction Aggregates
Revenues
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenues and other income
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Soda Ash
Revenues
41,679	47,089	50,153	45,171	50,367	48,306	47,767	47,924	39,784	40,457	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-