Natural Resource Partners Earnings: Everything You Must Know Now

Natural Resource Partners LP (NYSE:NRP) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Natural Resource Partners LP Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 19.57% to $0.37 in the quarter versus EPS of $0.46 in the year-earlier quarter.

Revenue: Decreased 4.26% to $86.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Natural Resource Partners LP reported adjusted EPS income of $0.37 per share. By that measure, the company missed the mean analyst estimate of $0.41. It missed the average revenue estimate of $91.16 million.

Quoting Management: “Our lessees continue to perform much better than the industry average. Production by lessees from NRP’s properties increased 19% for the first six months of 2013 over the first six months of 2012, compared to a nationwide production decrease of over 4% for the industry for the same period. From an operating perspective, our first six months were virtually in line with our projections,” said Nick Carter, President and Chief Operating Officer.

Key Stats (on next page)…

Revenue decreased 7.98% from $94.33 million in the previous quarter. EPS decreased 13.95% from $0.43 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.44 to a profit $0.43. For the current year, the average estimate has moved up from a profit of $1.69 to a profit of $1.72 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)