Unitholder FAQs

American Stock Transfer and Trust Company

Registered shareholders may write, e-mail or call the transfer agent above for information about share balance, account consolidation, change of name or address for official records, stock transfer, and other administrative matters. Information and forms are also available through astfinancial.com.

Natural Resource Partners L.P. 1415 Louisiana Street, Suite 3325, Houston, TX 77002 713-751-7507

You may be added to the mail alert where you will be notified by email if the partnership issues any news releases, adds partnership events to its website or makes any filings with the Securities and Exchange Commission. To add your email address to mail alert please visit the Investors section here.

As of December 31, 2022, affiliates of our general partner employed 54 people who directly supported our operations. None of these employees were subject to a collective bargaining agreement.

The Partnership will make the quarterly distributions within 60 days after the end of each quarter to the unitholders of record on the applicable record date.

The actual amount of cash that is available to be distributed each quarter depends on numerous factors, some of which are beyond our control and the control of the general partner. The actual amount of cash we have to distribute each quarter is reduced by payments in respect of debt service and other contractual obligations, fixed charges, maintenance capital expenditures and reserves for future operating or capital needs that the board of directors may determine are appropriate.

Distribution history can be found here.

Non-U.S. unitholders are subject to U.S. taxes and withholding with respect to their income and gain from owning NRP units. Although our distributions to non-U.S. unitholders have always been subject to withholding at the highest applicable effective tax rate, the U.S. Tax Cuts and Jobs Act of 2017 included additional withholding rules that became effective January 1, 2023.

In addition to implementing new withholding obligations on sales transactions, new regulations have increased the amount of withholding on distributions to you and sales of your common units by you.

Starting January 1, 2023, for publicly traded partnerships that have income that is effectively connected with a U.S. trade or business (such as NRP), sales of units by non-U.S. investors are subject to a new withholding equal to 10% of the sales proceeds and distributions are subject to an additional 10% withholding to the extent the distribution is in excess of the partnerships’ cumulative net income and sales on gains at 10%. We expect this additional 10% withholding to apply to each of our future distributions and on proceeds from the sales of our units.

After January 1, 2023, we will post Qualified Notices to this website in the Foreign Withholding column under Distribution History here, communicating to the brokers who hold units on behalf of non-U.S. unitholders that they should withhold on all of our distributions as if 100% of the distribution is attributable to income that is effectively connected with a U.S. trade or business and that 100% of the distribution is in excess of our cumulative net income.

For the purposes of withholding on sales transactions under Treasury Regulation Section 1.1446(f)-4(a)(2), brokers should treat one hundred percent (100%) of the proceeds attributable to the sale of Partnership units as being attributable to a U.S. trade or business. The transferee of an interest in a partnership that is engaged in a U.S. trade or business is generally required to withhold 10% of the amount realized by the transferor unless the transferor certifies that it is not a foreign person. Starting January 1, 2023, the brokers are required to implement this withholding obligation with respect to transfers of interests in publicly traded partnerships.

You will be issued a Schedule K-1 in March and Schedule K-3 in approximately June of each year. You will not receive a Form 1099. NRP is a partnership for federal tax purposes and generally, is not subject to federal or state income tax. The annual income, gains, losses, deductions, and credits of the Partnership flow or pass through to each unitholder or partner who are required to report their allocated share of these amounts on their individual tax returns as if they’ve received them directly.

A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreign tax credit on their tax return and certain corporate and/or partnership unitholders) may need the detailed information disclosed on Schedule K-3 for their specific reporting requirements. To the extent Schedule K-3 is applicable to your federal income tax return filing needs, we encourage you to review the information contained therein and refer to the appropriate federal laws and guidance or consult with your tax advisor. If you need assistance in obtaining an electronic copy of your Schedule K-3, unitholders may call Tax Package Support toll free at 888-334-7102

Depending upon your basis in the units, a portion of the cash received may be tax deferred. In addition a substantial portion of the income that will be allocated to you is expected to be long-term capital gain, which for individuals is subject to a significantly lower maximum federal income tax rate than ordinary income.

Appropriate information is provided on the Form K-1 to file the necessary returns. You should contact your tax adviser regarding applicable state income taxes. The partnership owns assets in all of the states listed below. Each of these states currently impose a personal income tax. You may reach the appropriate state tax websites by clicking on the appropriate link below.

In addition NRP owns assets and generates income in Florida, Texas, and Wyoming, none of which currently impose personal income taxes.

The partnership does have UBTI making this investment not suitable for IRA’s and regulated investment companies.

While the security is not prohibited from being held by a non-U.S. person, any distributions to non-U.S. persons will be reduced by withholding tax at the highest effective tax rate applicable to individuals, and non U.S. unitholders will be required to file federal income tax returns and pay tax on their share of our taxable income.

While investing in NRP through an IRA is not prohibited, it may not be advisable. Under certain circumstances, due to unrelated business taxable income, the income may be taxable to the unitholder even though it is held in an IRA. Before investing in NRP through an IRA it is advisable that you speak with your tax adviser.