Question · Q4 2025
Alberto Vadia asked why Natural Resource Partners did not bid at Pure Land Management's sale auction for mineral rights related to two of Warrior's mines, given his attendance at the event.
Answer
Craig Nunez (President and Chief Operating Officer, Natural Resource Partners) explained that the partnership typically avoids auctions for mineral-type assets as they rarely yield attractive opportunities for acquiring passive interests. He also stated that NRP's current focus remains on de-leveraging, paying off all debt, and then primarily returning capital to unitholders through distributions, rather than making new acquisitions.
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NRP's earnings beat/miss a week before the call