NRP Reports Q3 2024 Earnings with Free Cash Flow and Debt Reduction
NRP reported Q3 2024 earnings with $55 million in free cash flow for the quarter and $263 million over the past 12 months, despite softer commodity prices. The company reduced debt by 44% to $181 million and fully redeemed preferred and warrant liabilities, saving $30 million annually. The Mineral Rights segment generated $54 million in free cash flow, though net income declined due to coal price weakness.
Topics: coal royalty debt reduction free cash flow mineral rights soda ash segment