HOUSTON, July 18, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Natural Resource Partners L.P.
(NYSE: NRP) and (NYSE: NSP) today announced that the Board of Directors of its
general partner has declared a second quarter 2007 distribution of $0.465 per
unit for both NRP and NSP, an increase of $0.01 in its quarterly distribution.
This equates to an annualized distribution of $1.86 per unit. The
distribution will be paid on August 14, 2007 to unitholders of record on
August 1, 2007. This makes the sixteenth consecutive quarter that NRP has
increased its distribution and represents a 2.2% increase over the first
quarter 2007 distribution and a 13.4% increase over the second quarter last
year.
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, and coal handling and transportation infrastructure in the
three major coal producing regions of the United States: Appalachia, the
Illinois Basin and the Powder River Basin. In addition, the partnership also
manages aggregate reserves, oil and gas properties and timber assets across
the United States. The common units are traded on the New York Stock Exchange
(NYSE) under the symbol NRP and the subordinated units are traded on the NYSE
under the symbol NSP.
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.
SOURCE Natural Resource Partners L.P.
Kathy Hager of Natural Resource Partners L.P., +1-713-751-7555, khager@nrplp.com
http://www.nrplp.com/