Exploration & Production | Quarterly / Earnings Reports | Deals - Acquisition, Mergers, Divestitures
Natural Resource Partners Looks to Diversify Portfolio via Bakken Deal
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Natural Resource Partners L.P. reported revenues of $86.8 million for the second quarter of 2013 compared to $90.7 million for the second quarter of 2012 and distributable cash flow, a non-GAAP measure, of $90.7 million compared to $83.7 million for the second quarter of 2012.
Net income per unit was $0.37 in the second quarter of 2013 versus $0.46 per unit in the second quarter of 2012.
Nick Carter, President and Chief Operating Officer, commented: "Our lessees continue to perform much better than the industry average. Production by lessees from NRP's properties increased 19% for the first six months of 2013 over the first six months of 2012, compared to a nationwide production decrease of over 4% for the industry for the same period. From an operating perspective, our first six…
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