On Thursday, Natural Resource Partners LP (NYSE:NRP)’s shares declined -3.89% to $4.20.
Natural Resource Partners LP (NRP) stated first quarter 2015 revenues of $109.7 million, resulting in net income per unit of $0.14 contrast to $80.3 million in revenues and net income per unit of $0.29 stated for the first quarter 2014. Distributable cash flow was $53.3 million in the first quarter 2015 contrast to $38.9 million for 2014. NRP also stated Adjusted EBITDA of $64.2 million for first quarter 2015 as compared to $69.0 million for first quarter 2014.
First Quarter 2015 contrast to First Quarter 2014
Revenues and other income
Total revenues and other income for the first quarter 2015 raised 37% to $109.7 million from the same period of 2014 due primarily to raised aggregates related revenues and oil and gas related revenues as a result of the VantaCore construction aggregates and Sanish Field oil and gas acquisitions accomplished in the fourth quarter of 2014. These enhances were partially offset by a decrease in coal related revenues as contrast to the first quarter 2014.
The $25.6 million enhance in aggregates related revenues comprised of a $26.8 million enhance attributable to VantaCore, partially offset by a slight decline in other aggregates related revenues. Equity in earnings of our unmerged investment in the soda ash business raised $2.7 million, or 28%, over the first quarter of 2014. In addition, oil and gas revenues raised $5.2 million to $15.2 million.
Natural Resource Partners L.P., through its auxiliaries, owns, manages, and leases mineral properties in the United States. It owns interests in coal, trona and soda ash, crude oil and natural gas, construction aggregates, frac sand, and other natural resources, in addition to lime, potash, and rare earths.
U.S. Silica Holdings Inc (NYSE:SLCA)’s shares dropped -3.80% to $31.40.
U.S. Silica Holdings Inc (SLCA) declared that its Board of Directors has declared a quarterly cash dividend of $0.125 per common share. The dividend is payable on July 6, 2015 for all shareholders of record as of the close of business on June 15, 2015.
U.S. Silica Holdings, Inc. produces and sells commercial silica in the United States. It operates through two segments, Oil & Gas Proppants, and Industrial & Specialty Products. The company offers whole grain commercial silica products to be used as fracturing sand in connection with oil and natural gas recovery, in addition to sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products.
At the end of Thursday’s trade, DryShips Inc. (NASDAQ:DRYS)‘s shares dipped -3.63% to $0.747.
DryShips Inc. (DRYS) declared that in connection with the formerly declared Omnibus Agreement with ENI Angola S.p.A (hereafter referred to as “ENI”), all closing conditions counting approvals by national authorities and signing of definitive documentation have been satisfied.
As a result Ocean Rig has extended the contract for the drillship Ocean Rig Poseidon for a further one year until the second quarter of 2017 with total contract backlog now standing at about $367 million. In addition, Ocean Rig has reached a new contract for the drillship Ocean Rig Olympia to drill offshore Angola commencing in the third quarter of 2015 for a minimum of 8 months with a total contract backlog of about $91 million.
DryShips Inc. provides ocean transportation services for drybulk and petroleum cargoes, and offshore deepwater drilling services. The company operates through Drybulk, Tanker, and Drilling segments. The Drybulk segment provides drybulk commodities transportation services for the steel, electric utility, construction, and agri-food industries. The Drilling segment offers ultra deep water drilling services.
Cemex SAB de CV (ADR) (NYSE:CX), ended its Thursday’s trading session with -3.54% loss, and closed at $9.53.
Cemex SAB de CV (ADR) (CX) declared that it is undertaking a new U.S.$300 million investment in the Philippines. The new investment will comprise the construction of a new 1.5-million-ton, integrated cement-production line at CEMEX’s Solid Plant in Luzon. This will double the capacity of the Solid plant and will represent a 25% enhance in the company’s cement capacity in the Philippines.
Earlier this month, CEMEX Philippines officially inaugurated the accomplished capacity expansion in its APO plant in Cebu, the largest cement plant in the country, in addition to a network of logistics centers in Visayas and Mindanao. The inauguration of the new facility coincided with the Labor Day celebration and was likewise graced by President Aquino and several of his cabinet members. The U.S.$80 million investment raised CEMEX’s cement production capacity in its APO plant by 40 percent, and assisted improve distribution capabilities with additional terminals in Iloilo and Davao.
CEMEX, S.A.B. de C.V., a building materials company, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, and other construction materials in Mexico, the United States, Northern Europe, the Mediterranean, South America, the Caribbean, and Asia.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
