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Stock impact report

Natural Resource Partners Provides Update on Effects of COVID-19 Pandemic and Distribution Update

Natural Resource Partners LP Limited Partnership (NRP) 
Last natural resource partners lp limited partnership earnings: 11/6 08:00 am Check Earnings Report
US:NYSE Investor Relations: nrplp.com/investors/contact-us
Company Research Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Natural Resource Partners L.P. (NYSE: NRP) today provided an update on the effects of COVID-19 on its business and first quarter 2020 distributions. NRP has been operating under remote work protocols since mid-March. All employees are healthy, and the Partnership is conducting business as usual. The executive management team convenes daily to address employee welfare and remote work issues. We have taken steps to isolate our executive leadership and key employees from one another to ensure our succession management plans and delegation of authorities will continue to function in the event of COVID-19 infections in our workforce.Most of our coal lessees continue to operate, and we have not yet seen a material impact on our cash flow or profitability as a result of the COVID-19 pandemic. However, we are aware of 13 coal companies that have announced temporary mine idlings. Nine of those announcements relate directly to NRP properties, representing approxima Show less Read more
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