Filing Flows › Natural Resource Partners LP (NRP) › Q4 2024
Natural Resource Partners LP (NRP) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 28, 2025
Natural Resource Partners LP (NRP) reported revenue of $61.8M for the fourth quarter 2024 (Q4 2024), -15% from a year earlier and +23% from the quarter before. Operating margin was 74.9%, net earnings $42.8M (69.2% of revenue).
Natural Resource Partners LP, Q4 2024: revenue $61.8M (-15% year over year), operating margin 74.9%, net earnings $42.8M, operating cash flow $66.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $61.8M | +23% | -15% |
| Operating profit | $46.3M | +8% | -33% |
| Net earnings | $42.8M | +11% | -34% |
| Operating cash flow | $66.2M | +22% | -15% |
What changed
Revenue was $61.8M in Q4 2024, down 15% year over year and up 23% from the previous quarter.
Operating profit was $46.3M, a 74.9% margin (down 19.6 points year over year). Total costs grew 285% against a revenue fall of 15%. Net earnings were $42.8M, down 32% year over year. The effective tax rate was 0.0%.
Operating cash flow was $66.2M (down 15% year over year), 155% of net earnings. Non-cash charges added back $2.8M of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items added $18.2M.
Questions
What was Natural Resource Partners LP's revenue in the fourth quarter 2024?
Natural Resource Partners LP (NRP) reported revenue of $61.8M for the fourth quarter 2024 (Q4 2024), -15% from a year earlier and +23% from the quarter before.
Was Natural Resource Partners LP profitable in the fourth quarter 2024?
Operating profit was $46.3M (74.9% of revenue) and net earnings $42.8M.