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Natural Resource Partners L.P. Increases Distribution


HOUSTON, Apr 21, 2003 /PRNewswire-FirstCall via COMTEX/ -- Natural Resource Partners L.P. (NYSE: NRP) today declared a quarterly distribution of $0.5225 payable on May 15, 2003 to unitholders of record on May 1, 2003. This distribution represents an increase of $0.01 per unit over the minimum quarterly distribution established at the time of NRP's initial public offering and equates to an annualized distribution of $2.09 per unit.

Corbin J. Robertson, Jr., Chairman and Chief Executive Officer said, "During our six month history as a public company, we have exceeded our expectations with respect to the assets contributed to NRP as well as the assets we have acquired since our initial public offering. We formed NRP to be a growth partnership and we are pleased to share some of the early success with our unitholders. We will consider further increases in the distribution after we fully integrate our acquisitions with the contributed properties."

Natural Resource Partners L.P. is headquartered in Houston, TX, with its operations headquarters in Huntington, WV. NRP is a master limited partnership that is principally engaged in the business of owning and managing coal properties in the three major coal producing regions of the United States: Appalachia, the Illinois Basin and the Powder River Basin.

For additional information, please contact Kathy Hager at 713-751-7555 or . Further information about NRP is available on the partnership's website at .

This press release may include "forward-looking statements" as defined by the Securities and Exchange Commission. Such statements are those concerning the increases in distributions in the future and the annualized distribution. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the partnership expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by the partnership based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the partnership. These risks include, but are not limited to, decreases in demand for coal; changes in operating conditions and costs; production cuts by our lessees; commodity prices; unanticipated geologic problems; changes in the legislative or regulatory environment and other factors detailed in Natural Resource Partners' Securities and Exchange Commission filings.

SOURCE Natural Resource Partners L.P.

Kathy Hager of Natural Resource Partners L.P., +1-713-751-7555 or

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