Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) Delaware 35-2164875 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 1415 Louisiana Street, Suite 3325 Houston, Texas 77002 (Address of principal executive offices) (Zip Code) (713) 751-7507 (Registrant's telephone n ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-31465 NATURAL RESOURCE PARTNERS LP (Exact name of registrant as specified in its charter) Delaware 35-2164875 (State or other jurisdiction of incorporatio ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K For the fiscal year ended December 31, 2022 or | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | --- | --- | --- | | Common Units representing limited partner interests | NRP | New York Stock Exchange | ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT ...

Natural Resource Partners L.P. (NYSE:NRP) Q4 2022 Earnings Conference Call March 2, 2023 9:00 AM ET Company Participants Tiffany Sammis - IR Craig Nunez - President and COO Chris Zolas - CFO Conference Call Participants Operator Good morning. My name is Chris and I'll be your conference operator today. At this time, I'd like to welcome everyone to the Natural Resource Partners L.P. Fourth Quarter and Full Year 2022 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. ...

Natural Resource Partners L.P. (NYSE:NRP) Q3 2022 Earnings Conference Call November 3, 2022 9:00 AM ET Company Participants Tiffany Sammis - Investor Relations Craig Nunez - President and Chief Operating Officer Christopher Zolas - Chief Financial Officer Kevin Craig - Executive Vice President Conference Call Participants George Burmann - CL Securities Mark Zand - Wexford Capital Operator Good morning. My name is Gina, I will be your conference operator today. At this time, I would like to welcome everyone ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-31465 NATURAL RESOURCE PARTNERS LP (Exact name of registrant as specified in its charter) Delaware 35-2164875 (State or other jurisdiction of incorporation or organizat ...

Natural Resource Partners L.P. (NYSE:NRP) Q2 2022 Earnings Conference Call August 4, 2022 9:00 AM ET Company Participants Tiffany Sammis - Manager, IR Craig Nunez - President and COO Chris Zolas - CFO Kevin Craig - EVP Conference Call Participants Amer Tiwana - Imperial Capital Operator Thank you for joining the Natural Resource Partners L.P. Second Quarter 2022 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-31465 NATURAL RESOURCE PARTNERS LP (Exact name of registrant as specified in its charter) Delaware 35-2164875 (State or other jurisdiction of incorporation or organization) ...

Financial Data and Key Metrics Changes - The company generated $52 million of free cash flow in Q1 2022, marking one of the best quarterly performances in its history [7] - Operating cash flow for the first quarter was $52 million, with net income at $64 million [18] - The company announced a 67% increase in its quarterly distribution from $0.45 per unit to $0.75 [8][22] Business Line Data and Key Metrics Changes - The Mineral Rights segment generated $48 million of operating cash flow and $63 million of net income, an improvement from $22 million and $42 million in the prior year quarter, driven by stronger demand and pricing for metallurgical coal [18] - The Soda Ash business segment reported a net income of $15 million, an increase of $13 million compared to the previous year, primarily due to higher international pricing [19] - Corporate and Financing segment costs remained flat year-over-year, but segment free cash flow decreased by $2 million due to increased incentive compensation [20] Market Data and Key Metrics Changes - Global metallurgical coal prices have reached historically high levels due to strong demand and muted supply response [9] - Thermal coal markets are benefiting from increased electric power generation and restricted growth in thermal coal supplies, with prices expected to remain elevated [10][11] - Soda ash prices have increased by more than 50% in Q1 2022 compared to the previous year, with export prices more than doubling [12] Company Strategy and Development Direction - The company plans to leverage improved financial performance to accelerate deleveraging and return additional cash to common unitholders [8][15] - There is a focus on identifying opportunities in the transitional energy economy, including CO2 sequestration projects [14] - The company remains committed to solidifying its capital structure and paying down debt [15][22] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the strong performance in recent quarters continuing for the foreseeable future, despite risks from COVID-19 lockdowns in China and the war in Ukraine [15] - The supply-demand balance for metallurgical coal is expected to remain tight, supporting prices [9] - The company is continuously evaluating the best use of cash flow, including debt paydown and increasing distributions [32] Other Important Information - The company generated $152 million of free cash flow over the last 12 months, with a rising cash flow cushion after paying debt amortizations and distributions [15] - The company redeemed all outstanding paid-in-kind preferred units at par during Q1 2022 [21] Q&A Session Summary Question: Thoughts on outstanding 12% preferreds - Management is focused on reducing debt balances before addressing the preferreds, which have a redemption premium that makes immediate redemption economically disincentive [26][28] Question: Impact of thermal coal pricing on new arrangements - The fixed payment plan has transitioned to a conventional royalty arrangement, and while current contracts may not reflect recent price increases, management believes pricing will catch up over time [34][42]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-31465 NATURAL RESOURCE PARTNERS LP (Exact name of registrant as specified in its charter) Delaware 35-2164875 (State or other jurisdiction of incorporation or organization) ...