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Neil Patel

Research Analyst at Sawgrass Beach

No verifiable information is available regarding Neil Patel as an analyst at Sawgrass Beach. Despite a thorough search, there is no LinkedIn profile or credible public record matching a Neil Patel with an analyst or finance role at Sawgrass Beach, nor is there any evidence of coverage details, professional performance metrics, career history, or securities credentials associated with this individual.

Neil Patel's questions to NATURAL RESOURCE PARTNERS (NRP) leadership

Neil Patel's questions to NATURAL RESOURCE PARTNERS (NRP) leadership • Q3 2024

Question

Neil Patel asked about the company's philosophy on repurchasing common units, given the high free cash flow yield, and noted that language in the new credit agreement seemed to provide more flexibility for such actions.

Answer

Craig Nunez, President and Chief Operating Officer, affirmed that NRP would consider unit repurchases if they traded at a material discount to intrinsic value. He also confirmed that a key reason for the new credit agreement was to 'loosen up some of the handcuffs' from when NRP was less creditworthy, making it easier to execute actions like unit repurchases in the future.

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Neil Patel's questions to NATURAL RESOURCE PARTNERS (NRP) leadership • Q3 2024

Question

Neil Patel from Sawgrass Beach asked about the company's philosophy on repurchasing common units, given the attractive free cash flow yield and recent changes to the credit agreement that might provide more flexibility.

Answer

Craig Nunez, President and Chief Operating Officer, confirmed that the company would consider repurchasing units if they traded at a material discount to intrinsic value. He clarified that the analyst's '15% yield' referred to the free cash flow yield, not the distribution yield. Nunez also affirmed that a key reason for amending the credit facility was to 'loosen up some of the handcuffs' from when NRP was less creditworthy, making future actions like unit repurchases easier.

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