Even as we have diversified, coal has
remained an important contributor to
our revenue stream and resource base.
We own coal reserves in the three major
U. S. producing regions. We own or control
approximately 2. 3 billion tons of proven
and probable coal reserves. And we
generated more than $212 million from
coal royalty revenues in 2013.
& INDUSTRIAL MATERIALS
We purchased our first aggregate property
in 2006 and have since made additional
acquisitions in multiple regions of the
United States. Aggregates and Industrial
Minerals – which are used in nearly every
residential, commercial, industrial and
public works construction project –
accounted for $41.8 in revenues in 2013.
OIL & GAS
Our diversification into oil and gas has
given us a foothold in some of the most
important U.S. producing regions. Last
year we generated $17.1 million in revenues
from our interests in oil and gas properties
– more than five times the total in 2005 –
and we are focused on further growing this
business, which has potentially significant
commercial value. In fact, in 2014 we
expect the oil and gas revenues to more
than double over 2013.
MOVING FORWARD TO
A MORE DIVERSIFIED FUTURE
As the world of energy keeps changing, Natural Resource Partners continues to move
forward with a strategy of diversification that has enabled us to keep pace. Last year,
41 percent of our revenues came from sources other than coal royalties, compared with
31 percent in 2012 and just 10 percent in 2005. This demonstrates our commitment to
a more diverse range of assets and revenue streams, and ensures that Natural Resource
Partners can execute our business plan with confidence, purpose, and vision now –
and in the future.