HOUSTON, Oct. 21 /PRNewswire-FirstCall/ -- Natural Resource Partners L.P.
(NYSE: NRP) today announced a 6% increase or $0.0375 per unit in its quarterly
distribution to $0.6375 per unit. This equates to an annualized distribution
of $2.55 per unit. The distribution will be payable on November 12, 2004 to
unitholders of record on November 1, 2004. NRP has increased its distribution
six out of the seven quarters since going public in late 2002. The current
distribution level represents a 19% increase in the past twelve months.
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
khager@nrplp.com . Further information about NRP is available on the
partnership's website at http://www.nrplp.com .
This press release may include "forward-looking statements" as defined by
the Securities and Exchange Commission. Such statements include 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. Natural Resource
Partners L.P. has no obligation to publicly update or revise any forward-
looking statement, whether as a result of new information, future events or
otherwise.
SOURCE Natural Resource Partners L.P.
CONTACT: Kathy Hager of Natural Resource Partners L.P., +1-713-751-7555, or khager@nrplp.com
Web site: http://www.nrplp.com