Alexander D. Greene
Blackstone’s board designee Alexander D. Greene resigned from the board of the Partnership’s general partner, effective September 12, 2023.
Highest-materiality recent filing
NRP Q2 2026 net income $25.2M; declares $0.75/unit distribution
Net income of $25.2M for Q2 2026; operating cash flow $41.0M.
NRP reports Q1 net income $19.6M; declares $0.75/unit distribution
Net income of $19.6M for Q1 2026; operating cash flow of $33.0M.
NRP reports Q4 net income $31M, full-year $136.4M; announces special distribution
Q4 2025 net income $30.998M; operating cash flow $44.765M; free cash flow $45.508M.
NRP reports Q3 2025 net income of $30.9M; declares $0.75/unit distribution
Net income of $30.9M for Q3 2025; operating cash flow of $41.1M.
NRP reports Q2 2025 net income of $34.2M; declares $0.75 distribution per unit
Q2 2025 net income $34.2M, operating cash flow $45.6M, free cash flow $46.3M.
NRP reports Q1 net income $40.3M, declares $0.75/unit distribution
Net income of $40.3M for Q1 2025; operating cash flow of $34.4M.
NRP reports Q4 net income $42.8M, FY $183.6M; declares special distribution of $1.21/unit
Net income for Q4 2024 was $42.8M, full-year 2024 net income $183.6M.
NRP reports Q3 2024 net income of $38.6M; declares $0.75/unit distribution
Net income of $38.6M for Q3 2024; LTM net income of $205.9M.
NRP extends credit facility maturity to Oct 2029, revises restricted payment covenants
Seventh Amendment extends maturity from Aug 2027 to Oct 15, 2029 on $200M revolving credit facility.
Redeemed 31,666 Class A Preferred Units at $31,666,000 cash plus accrued distributions on September 3, 2024.
NRP Q2 net income $46M, declares $0.75 distribution per common unit
Net income of $46.1M for Q2 2024; LTM net income $231.1M.
NRP repurchases 40,000 Class A Preferred Units for $40M; 31,666 remain
Repurchased 40,000 preferred units for $40M cash plus accrued distributions.
NRP reports Q1 2024 net income $56.2M, operating cash flow $71.5M, declares $0.75/unit distribution
Net income of $56.2 million for Q1 2024; operating cash flow $71.5 million; free cash flow $72.1 million.
NRP LP announces death of director S. Reed Morian, served since 2002
Director S. Reed Morian passed away on April 26, 2024; the company was informed that same day.
NRP LP settles final 320K warrants with $10M cash and 89K units; no warrants remain
On April 16, 2024, holders exercised 320,335 warrants at a $34.00 strike price.
Q4 net income $64.98M; full year 2023 net income $278.44M.
NRP ups credit facility by $15M to $200M; 500K warrants net-settled for $29.7M cash
Frost Bank increased commitment by $15M to $40M under accordion feature of existing credit facility.
NRP warrant holders exercise 257,500 warrants; $15.9M cash paid; 0.8M remain
On Feb 7-8, 2024, holders exercised 128,750 warrants each day at $34 strike.
NRP increases credit facility capacity to $185M with new $30M lender Summit Community Bank
Total aggregate commitment increased by $30M from $155M to $185M via accordion feature.
NRP settles 462,165 warrant exercises with $10M cash and 198,767 common units
On Jan 29, 2024, holders exercised 462,165 warrants at $34.00 strike price.
NRP reports Q3 2023 net income $63.8M, declares $0.75/unit distribution
Q3 2023 net income of $63.8M, operating cash flow of $78.9M, free cash flow of $79.6M.
NRP repurchases 350k warrants for $11.1M; 1.54M remain outstanding
Repurchased and retired 350,000 warrants with $34 exercise price for ~$11.1M cash.
Natural Resource Partners repurchases 300,000 warrants for $11.4M, reducing outstanding to 1.89M
Repurchased and retired 300,000 warrants with $34.00 exercise price for approx. $11.4M cash on Oct 6, 2023.
NRP repurchases 812,500 warrants for $33.6M, eliminates $22.81 strike warrants
Repurchased and retired 752,500 warrants at $22.81 and 60,000 at $34.00 for $33.6M cash.
NRP repurchases $15M of Class A Preferred Units from Blackstone; Blackstone board designee resigns
Repurchased 15,001 Class A Preferred Units from Blackstone for $15,001,000 cash plus accrued distributions.
Repurchased 35,000 Class A Preferred Units from Blackstone for $35M cash plus accrued and unpaid distributions.
NRP Q2 net income $70.3M; declares $0.75/unit distribution
Q2 2023 net income of $70.3M; operating cash flow $81.4M.
NRP repurchases and retires 45,000 Class A Preferred Units for $45M
45,000 Class A Preferred Units repurchased for $45M cash plus accrued and unpaid distributions.
NRP (Operating) LLC boosts credit line to $155M, can expand to $200M
Commitments under credit facility increased from $130M to $155M; cumulative expansion cap raised to $200M.
NRP redeems 35,834 Class A Preferred Units for $35.8M cash
Board elected to redeem 35,834 Class A Preferred Units after holder notice exercising conversion/redemption rights.
NRP reports Q1 2023 net income $79.3M, declares $0.75/unit distribution
Q1 operating cash flow $72.9M; free cash flow $73.5M.
NRP reports Q4 net income $63.2M, full-year $268.5M; declares special distribution $2.43/unit
Q4 2022 net income $63.2M; full-year net income $268.5M.
Natural Resource Partners LP redeems 47,499 Class A Preferred Units for ~$47.5M cash
Received notice from holders to convert/redeem 47,499 Class A Preferred Units; Board elected redemption.
NRP Q3 net income $74.6M, declares $0.75/unit distribution
Net income of $74.6M for Q3 2022; Adjusted EBITDA $85.6M.
NRP increases credit facility by $27.5M to $130M; Prosperity Bank added as lender
Opco exercised accordion feature to increase total commitments from $102.5M to $130M on Sept 1, 2022.
NRP extends credit facility to Aug 2027, increases commitments, switches to SOFR
Maturity extended from April 2023 to August 2027; may be earlier if parent notes remain outstanding.
NRP reports Q2 2022 net income $66.8M; declares $0.75/unit distribution
Operating cash flow $63.1M, free cash flow $63.7M for Q2 2022.
NRP reports Q1 2022 net income $63.9M; raises quarterly distribution to $0.75/unit from $0.45
Net income of $63.9M for Q1 2022; Adjusted EBITDA of $75.6M.
NRP Q4 2021 net income $55.6M, FY net income $108.9M; adjusted EBITDA $161.4M
Q4 operating cash flow $55.2M, free cash flow $55.7M; FY operating cash flow $121.8M, free cash flow $123.0M.
NRP Q3 net income $29.5M, Adj EBITDA $37.7M, declares distribution
Net income for Q3 2021: $29.5 million ($67.9 million last twelve months).
NRP reports Q2 2021 net income of $15.4M; Adjusted EBITDA $27.4M
Net income $15.4M in Q2 2021; $45.7M last twelve months.
Blackstone’s board designee Alexander D. Greene resigned from the board of the Partnership’s general partner, effective September 12, 2023.
Max materiality 0.75 · Median 0.55 · Most common event earnings