Natural Resource Partners Q2 Profit Down

(RTTNews) - Natural Resource Partners L.P. (NRP) Wednesday reported second-quarter net income of $40.2 million or $0.37 per unit, compared to $48.9 million or $0.46 per unit last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.41 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter dropped 4 percent to $86.8 million from $90.7 million a year ago. Analysts estimated revenues of $91.16 million for the quarter.

For the full-year, the company now expects net income of $1.40 to $1.60 per unit, compared to prior estimate of $1.60 to $1.80 per unit. Analysts currently estimate net income of 1.72 per unit for the year.